Also, i would have thought their ethanol selling prices would have come up a bit.
And i'm also curious why REX wasn't buying more of their own shares when the s/price dipped badly on oilprice weakness in Q1. They could have easily bought another 300k-400k. Are they expecting s/prices much lower?
I'll likely wait until tonight to read the transcript of the CC, won't have time to listen to the call. If CEO Rose is too conservative about guidance, i think REX may drop back into $50s, especially if oilprice pulls back to mid-$50s.
A big question i have, likely to get asked by analysts if it's not in the prepared remarks, is What is REX going to do with that $44M (likely $49M) from the buyout of their 27% interest in Patriot plant?
Uggghh, the Saudi price-war over oil really wrought its damage throughout the energy sector.
Sad to see that REX's gorgeously high trailing 12-month (ttm) EPS has now fallen with the drop-off of last year's wonderful 2.55 EPS posted for Q1 and the substitution of this measly EPS of 0.50, which, incidentally, is obviously still WAY BETTER than GPRE's or PEIX's.
Now REX trades around a P/E of 8 instead of around just 6.
Recent REX News
- REX American Resources to Report Q1 2024 Results and Host a Conference Call and Webcast on May 22, 2024 • Business Wire • 05/09/2024 08:15:00 PM
- REX American Resources Reports Full Fiscal Year 2023 Net Income Per Share Attributable to REX Common Shareholders of $3.47, the Second Highest in Company History • Business Wire • 03/28/2024 10:00:00 AM
- REX American Resources to Report Q4 and Full Fiscal Year 2023 Results and Host a Conference Call and Webcast on March 28, 2024 • Business Wire • 03/14/2024 08:15:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/20/2024 10:06:07 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/13/2024 03:42:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/27/2023 03:30:17 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 12/04/2023 09:11:23 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 12/04/2023 07:49:56 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/30/2023 02:39:34 PM
- REX American Resources Reports All Time Record Net Income Per Share Attributable to REX Common Shareholders of $1.49 for Its Fiscal 2023 Third Quarter • Business Wire • 11/30/2023 12:00:00 PM
- REX American Resources to Report Fiscal 2023 Q3 Results and Host a Conference Call and Webcast on Thursday, November 30 • Business Wire • 11/21/2023 03:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/29/2023 12:37:57 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/01/2023 09:49:43 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 09/01/2023 03:11:56 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/30/2023 02:35:03 PM
- CORRECTING and REPLACING REX American Resources Reports Fiscal 2023 Second Quarter Net Income Per Share Attributable to REX Common Shareholders of $0.52 • Business Wire • 08/30/2023 01:34:00 PM
- REX American Resources Reports Fiscal 2023 Second Quarter Net Income Per Share Attributable to REX Common Shareholders of $0.52 • Business Wire • 08/30/2023 11:00:00 AM
- REX American Resources to Report Fiscal 2023 Q2 Results and Host a Conference Call and Webcast on Wednesday, August 30 • Business Wire • 08/23/2023 11:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/10/2023 03:29:11 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/06/2023 05:39:16 PM
- Surface Access and Core Storage Facilities Secured for the Sandra Silver-Gold Project in Northwestern Durango State, Mexico • PR Newswire (US) • 06/26/2023 01:00:00 PM
- Surface Access and Core Storage Facilities Secured for the Sandra Silver-Gold Project in Northwestern Durango State, Mexico • PR Newswire (Canada) • 06/26/2023 01:00:00 PM
- REX American Resources Reports Fiscal 2023 First Quarter Net Income Per Share Attributable to REX Common Shareholders Of $0.30 • Business Wire • 05/25/2023 11:05:00 AM
- Summit Carbon Solutions announces NuGen as partner ethanol plant in South Dakota • PR Newswire (US) • 05/25/2023 11:00:00 AM
- REX American Resources to Report Fiscal 2023 Q1 Results and Host a Conference Call and Webcast on Thursday, May 25 • Business Wire • 05/18/2023 02:30:00 PM
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VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
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Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM