REX American Resources (NYSE:REX) Downgraded by Zacks Investment Research to Hold

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REX American Resources stock has undergone multiple analysts rating changes in the recent past.  REX American Resources Downgraded by Zacks Investment Research on 10/27/2021. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Strong-Buy.

Shares of REX American Resources traded up $0.47 on Tuesday, reaching $86.50. 431 shares of the stock traded hands, compared to its average volume of 22068. Shares of REX American Resources were trading at $86.50 on Tuesday. The firm’s 50 day moving average is $81.81 and its 200 day moving average is $86.58.REX American Resources has a 12 month low of $86.49 and a 12 month high of $116.86. While on yearly highs and lows, REX American Resources’s today has traded high as $86.50 and has touched $86.49 on the downward trend. See More Analyst Rating at: RATING

REX American Resources Earnings and What to expect: 

REX American Resources last released its quarterly earnings data on August 31st, 2021. The energy company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.37. The company earned $195.84 million during the quarter, compared to analyst estimates of $193 million. REX American Resources has generated $0.49 earnings per share over the last year ($4.64 diluted earnings per share) and currently has a price-to-earnings ratio of 18.5. Earnings for REX American Resources are expected to grow by 22.69% in the coming year, from $6.92 to $8.49 per share. REX American Resources has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, December 2nd, 2021 based off prior year’s report dates.

Earnings for REX American Resources are expected to grow by 22.69% in the coming year, from $6.92 to $8.49 per share. The P/E ratio of REX American Resources is 18.54, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.29. The P/E ratio of REX American Resources is 18.54, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 18.65. REX American Resources has a P/B Ratio of 1.13. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

REX American Resources (NYSE:REX) Moving Average Technical Analysis

5 day Moving Average is $85.65 And 5 day price change is -$1.65 (-1.88%)  with average volume for 5 day average is 11,660. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $83.94 and 20 day price change is $6.17 (7.73%) and average 20 day moving volume is 15,030. 50 day moving average is $81.81  and 50 day price change is $7.88 ( 10.08%)  and with average volume for 50 days is : 21,426. 200 day moving average is $86.58  and 200 day price change is $1.97 (2.34%)  and with average volume for 200 days is : 21,521.

Other owners latest trading in REX American Resources :

  • On 10/26/2021 shares held by First Quadrant L P CA were 3,644 which equates to market value of $0.29M and appx 0.00% owners of REX American Resources
  • On 10/15/2021 shares held by DNB Asset Management AS were 102,687 which equates to market value of $8.20M and appx 0.10% owners of REX American Resources
  • On 10/7/2021 shares held by State of Alaska Department of Revenue were 3,847 which equates to market value of $0.31M and appx 0.00% owners of REX American Resources
  • In total Institutional ownership equates to Institutional Ownership Percentage: 82.03% for REX American Resources

See More Analyst Rating at: RATING