REX American Resources (NYSE:REX – Get Free Report) issued its earnings results on Wednesday. The energy company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.36, RTT News reports. REX American Resources had a return on equity of 11.05% and a net margin of 10.07%. During the same period last year, the business posted $1.16 earnings per share.
REX American Resources Stock Performance
NYSE:REX opened at $39.40 on Wednesday. The firm’s fifty day moving average is $39.93 and its two-hundred day moving average is $42.65. The firm has a market cap of $692.12 million, a price-to-earnings ratio of 10.44 and a beta of 0.92. REX American Resources has a one year low of $35.40 and a one year high of $60.79.
Wall Street Analyst Weigh In
Separately, Truist Financial cut 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 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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