Press coverage about REX American Resources (NYSE:REX) has been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. REX American Resources earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave media stories about the energy company an impact score of 48.8772503277373 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of REX American Resources opened at $80.99 on Friday, MarketBeat reports. REX American Resources has a 1 year low of $70.48 and a 1 year high of $102.00. The firm has a market cap of $502.86 million, a PE ratio of 16.95 and a beta of 1.46.
REX American Resources (NYSE:REX) last posted its earnings results on Wednesday, May 23rd. The energy company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.56. REX American Resources had a return on equity of 7.22% and a net margin of 9.70%. The company had revenue of $120.82 million for the quarter.
REX American Resources announced that its board has initiated a stock repurchase program on Thursday, March 22nd that allows the company to buyback 500,000 shares. This buyback authorization allows the energy company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
Separately, TheStreet cut REX American Resources from a “b” rating to a “c+” rating in a research note on Thursday, March 22nd.
About REX American Resources
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, and non-food grade corn oil. 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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