TheStreet Lowers REX American Resources (REX) to C+

TheStreet downgraded shares of REX American Resources (NYSE:REX) from a b rating to a c+ rating in a research report released on Thursday.

Shares of REX American Resources stock opened at $75.77 on Thursday. REX American Resources has a one year low of $72.71 and a one year high of $107.87. The stock has a market cap of $497.57, a PE ratio of 12.57 and a beta of 1.44.

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REX American Resources (NYSE:REX) last posted its quarterly earnings results on Thursday, March 22nd. The energy company reported $0.71 earnings per share for the quarter. REX American Resources had a net margin of 8.77% and a return on equity of 6.18%. The business had revenue of $109.54 million during the quarter.

REX American Resources announced that its board has authorized a stock repurchase plan on Thursday, March 22nd that permits the company to repurchase 500,000 shares. This repurchase authorization permits the energy company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of REX American Resources by 3.8% in the 4th quarter. BlackRock Inc. now owns 775,024 shares of the energy company’s stock valued at $64,166,000 after buying an additional 28,510 shares during the period. Allianz Asset Management GmbH grew its stake in shares of REX American Resources by 12.0% in the 4th quarter. Allianz Asset Management GmbH now owns 144,047 shares of the energy company’s stock valued at $11,925,000 after buying an additional 15,475 shares during the period. Systematic Financial Management LP grew its stake in shares of REX American Resources by 7.5% in the 4th quarter. Systematic Financial Management LP now owns 126,334 shares of the energy company’s stock valued at $10,459,000 after buying an additional 8,818 shares during the period. Brown Advisory Inc. purchased a new stake in shares of REX American Resources in the 4th quarter valued at approximately $8,014,000. Finally, Bank of New York Mellon Corp grew its stake in shares of REX American Resources by 2.4% in the 4th quarter. Bank of New York Mellon Corp now owns 90,543 shares of the energy company’s stock valued at $7,496,000 after buying an additional 2,134 shares during the period. 91.41% of the stock is owned by institutional investors and hedge funds.

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REX American Resources Company Profile

Rex American Resources Corporation is a holding company. As of January 31, 2017, the Company had invested in three ethanol production entities. It operates through alternative energy segment. As of January 31, 2017, the Company’s ethanol investments include One Earth Energy, LLC (One Earth), NuGen Energy, LLC (NuGen) and Big River Resources, LLC (Big River).

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