REX American Resources (NYSE:REX) Lowered to “C+” at TheStreet

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TheStreet cut shares of REX American Resources (NYSE:REX) from a b- rating to a c+ rating in a report published on Thursday morning, TheStreetRatingsTable reports.

Shares of REX opened at $67.99 on Thursday. The firm has a market cap of $444.17 million, a PE ratio of 18.10 and a beta of 0.93. The company has a current ratio of 12.48, a quick ratio of 11.49 and a debt-to-equity ratio of 0.03. REX American Resources has a one year low of $61.71 and a one year high of $89.80.

REX American Resources (NYSE:REX) last issued its quarterly earnings results on Thursday, May 30th. The energy company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($1.08). The business had revenue of $104.58 million for the quarter. REX American Resources had a net margin of 5.31% and a return on equity of 5.61%.

A number of large investors have recently added to or reduced their stakes in REX. Quantamental Technologies LLC acquired a new position in REX American Resources during the first quarter worth about $30,000. BNP Paribas Arbitrage SA grew its holdings in REX American Resources by 29,250.0% during the first quarter. BNP Paribas Arbitrage SA now owns 1,174 shares of the energy company’s stock worth $95,000 after acquiring an additional 1,170 shares during the period. Metropolitan Life Insurance Co. NY grew its holdings in REX American Resources by 372.9% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,024 shares of the energy company’s stock worth $138,000 after acquiring an additional 1,596 shares during the period. Oregon Public Employees Retirement Fund acquired a new position in REX American Resources during the fourth quarter worth about $147,000. Finally, SG Americas Securities LLC grew its holdings in REX American Resources by 42.9% during the fourth quarter. SG Americas Securities LLC now owns 2,820 shares of the energy company’s stock worth $192,000 after acquiring an additional 846 shares during the period. 87.83% of the stock is currently owned by hedge funds and other institutional investors.

REX American Resources Company Profile

REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol. It operates through two segments, Ethanol and By-Products, and Refined Coal. The company also offers dried distillers grains, modified distillers grains, non-food grade corn oil, and others. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed; and produces, processes, and sells refined coal.

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