Feltl & Co. Initiates Coverage on REX American Resources Corp to Buy

Feltl & Co. Initiates Coverage on REX American Resources Corp(NYSE:REX). The shares have been rated Buy. The rating by Feltl & Co. was issued on Sep 15, 2016.

REX American Resources Corp (REX) shares turned negative on Tuesdays trading session with the shares closing down -0.71 points or -0.85% at a volume of 95,798. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $84.06. The peak price level was also seen at $84.06 while the days lowest was $82.81. Finally the shares closed at $83.13. The 52-week high of the shares is $87.13 while the 52-week low is $44.48. According to the latest information available, the market cap of the company is $547 M.

REX American Resources Corp(REX) last announced its earnings results on Aug 25, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $115.71M. Analysts had an estimated revenue of $109.09M. Earnings per share were $1.24. Analysts had estimated an EPS of $1.11.

Several Insider Transactions has been reported to the SEC. On Sep 9, 2016, Douglas Bruggeman (CFO, VP-Finance, Treasurer) sold 1,500 shares at $85.00 per share price.Also, On Jul 1, 2016, Lawrence Tomchin (director) sold 2,000 shares at $60.00 per share price.

Rex American Resources Corporation (REX) is a holding company to succeed to the entire ownership of three affiliated companies Rex Radio and Television Inc. Stereo Town Inc. and Kelly & Cohen Appliances Inc. As of January 31 2015 the Company invested in four ethanol production entities two of which the Company has a majority ownership interest. The Company’s ethanol investments include One Earth Energy LLC NuGen Energy LLC Patriot Holdings LLC Big River Resources W Burlington LLC Big River Resources Galva LLC Big River United Energy LLC and Big River Resources Boyceville LLC. The Company owns around 74% of the outstanding membership units of One Earth Energy LLC around 99% of NuGen Energy LLC around 27% of Patriot Holdings LLC and around 10% of Big River Resources LLC.

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