American Resources Corporation (NASDAQ:AREC) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• American Resources Corporation (NASDAQ:AREC) has received a consensus rating of "Moderate Buy" from five research firms, with one sell and three buy recommendations.
• Institutional investors have notably increased their holdings in the company, with JPMorgan Chase & Co. growing its stake by an astonishing 86,418.3% in the second quarter.
• The company's stock recently opened at $4.00, down 5.9%, and reported a loss of ($0.10) EPS for its last quarter, missing analyst estimates.

Shares of American Resources Corporation (NASDAQ:AREC - Get Free Report) have received a consensus rating of "Moderate Buy" from the five research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $5.50.

A number of equities research analysts recently weighed in on the company. William Blair assumed coverage on American Resources in a research note on Monday. They set an "outperform" rating for the company. D. Boral Capital assumed coverage on American Resources in a research note on Monday, September 15th. They issued a "buy" rating and a $6.00 price target for the company. D Boral Capital upgraded American Resources to a "strong-buy" rating in a research note on Monday, September 15th. Roth Capital reiterated a "buy" rating and issued a $5.00 price target on shares of American Resources in a research note on Monday, October 13th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of American Resources in a research note on Wednesday, October 8th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AREC. Creative Planning grew its holdings in American Resources by 65.5% during the second quarter. Creative Planning now owns 37,892 shares of the company's stock worth $31,000 after acquiring an additional 15,000 shares during the period. XTX Topco Ltd acquired a new stake in American Resources during the second quarter worth about $33,000. Virtu Financial LLC grew its holdings in American Resources by 271.3% in the first quarter. Virtu Financial LLC now owns 101,913 shares of the company's stock valued at $48,000 after purchasing an additional 74,464 shares during the period. JPMorgan Chase & Co. grew its holdings in American Resources by 86,418.3% in the second quarter. JPMorgan Chase & Co. now owns 122,856 shares of the company's stock valued at $102,000 after purchasing an additional 122,714 shares during the period. Finally, CWM LLC acquired a new stake in American Resources in the third quarter valued at approximately $429,000. 9.32% of the stock is currently owned by hedge funds and other institutional investors.

American Resources Stock Down 5.9%

Shares of American Resources stock opened at $4.00 on Monday. American Resources has a 52 week low of $0.38 and a 52 week high of $7.11. The stock's fifty day moving average is $2.65 and its two-hundred day moving average is $1.53. The company has a market capitalization of $338.44 million, a PE ratio of -8.16 and a beta of 1.14.

American Resources (NASDAQ:AREC - Get Free Report) last posted its quarterly earnings results on Tuesday, August 19th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.05). The firm had revenue of $0.01 million during the quarter, compared to analyst estimates of $16.40 million. As a group, research analysts anticipate that American Resources will post -0.38 earnings per share for the current year.

American Resources Company Profile

American Resources Corporation, together with its subsidiaries, extracts, processes, transports, and sells metallurgical coal to the steel and industrial industries. It supplies raw materials; and sells coal used in pulverized coal injections. The company was founded in 2006 and is headquartered in Fishers, Indiana.

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