REX American Resources (NYSE:REX – Get Free Report) announced its earnings results on Wednesday. The energy company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.36, RTT News reports. REX American Resources had a net margin of 10.07% and a return on equity of 11.05%. During the same quarter in the previous year, the firm posted $1.16 EPS.
REX American Resources Stock Performance
NYSE REX opened at $36.63 on Wednesday. The stock’s fifty day moving average is $39.93 and its two-hundred day moving average is $42.65. The firm has a market capitalization of $643.48 million, a P/E ratio of 9.59 and a beta of 0.92. REX American Resources has a fifty-two week low of $35.40 and a fifty-two week high of $60.79.
Wall Street Analysts Forecast Growth
Separately, Truist Financial lowered their price target on shares of REX American Resources from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, December 9th.
About REX American Resources
REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. The company also offers corn, distillers grains, ethanol, distillers corn oil, gasoline, and natural gas. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed.
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