American Resources Corporation (NASDAQ:AREC) Receives Average Rating of “Moderate Buy” from Brokerages

American Resources Corporation (NASDAQ:AREC) has received an average rating of “Moderate Buy” from the five analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $6.00.

AREC has been the subject of several research analyst reports. Wall Street Zen lowered shares of American Resources from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. Weiss Ratings downgraded American Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th.

Institutional Trading of American Resources

A number of large investors have recently bought and sold shares of AREC. MSH Capital Advisors LLC bought a new stake in shares of American Resources during the fourth quarter worth $25,000. CTC Alternative Strategies Ltd. bought a new position in shares of American Resources during the first quarter worth about $25,000. SummitTX Capital L.P. bought a new position in shares of American Resources during the first quarter worth about $30,000. Jump Financial LLC acquired a new stake in American Resources in the 4th quarter valued at approximately $30,000. Finally, Creative Planning lifted its stake in American Resources by 65.5% in the 2nd quarter. Creative Planning now owns 37,892 shares of the company’s stock valued at $31,000 after acquiring an additional 15,000 shares in the last quarter. 9.32% of the stock is owned by institutional investors.

American Resources Stock Down 7.4%

American Resources stock opened at $1.99 on Friday. The company’s 50 day simple moving average is $2.21 and its 200 day simple moving average is $2.68. American Resources has a fifty-two week low of $0.79 and a fifty-two week high of $7.11. The firm has a market capitalization of $212.87 million, a price-to-earnings ratio of -4.85 and a beta of 1.11. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.19 and a quick ratio of 2.19.

American Resources (NASDAQ:AREC) last issued its quarterly earnings data on Tuesday, May 19th. The company reported $0.75 earnings per share (EPS) for the quarter. The firm had revenue of ($0.10) million for the quarter. As a group, sell-side analysts anticipate that American Resources will post -0.34 EPS for the current year.

About American Resources

American Resources Corporation (NASDAQ:AREC) is a diversified energy and critical minerals company focused on reclaiming coal refuse and mining high?quality steam and metallurgical coal. The firm employs a vertically integrated business model that encompasses raw material extraction, on?site processing and product delivery, supplying coal to power generators, steel manufacturers and industrial users.

Operating primarily in the Central Appalachian region of the United States, American Resources holds mining leases and reclamation permits across multiple sites in Kentucky, West Virginia and Indiana.