American Resources (NASDAQ:AREC) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded American Resources from “strong sell” to “sell,” while Weiss Ratings recently downgraded it from “hold (c-)” to “sell (d+).” Despite the mixed signals, MarketBeat reports a consensus “Moderate Buy” rating and a $6.00 target price.
• AREC opened at $2.88, with a market capitalization of approximately $308 million. The company reported quarterly EPS of $0.75, but analysts expect a full-year loss of $0.34 per share.
• Institutional ownership remains limited at 9.32%, though several investment firms recently initiated positions and Creative Planning increased its stake by 65.5%.

American Resources (NASDAQ:AREC - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "strong sell" rating to a "sell" rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings downgraded American Resources from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, June 11th. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, American Resources presently has a consensus rating of "Moderate Buy" and a consensus target price of $6.00.

American Resources Trading Up 2.1%

AREC opened at $2.88 on Friday. American Resources has a 12-month low of $1.18 and a 12-month high of $7.11. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.19 and a quick ratio of 2.19. The stock has a market capitalization of $308.07 million, a PE ratio of -7.02 and a beta of 1.16. The firm's fifty day moving average price is $2.05 and its 200 day moving average price is $2.45.

American Resources (NASDAQ:AREC - Get Free Report) last announced its quarterly earnings data on Tuesday, May 19th. The company reported $0.75 earnings per share for the quarter. The company had revenue of ($0.10) million for the quarter. As a group, research analysts expect that American Resources will post -0.34 EPS for the current fiscal year.

Institutional Trading of American Resources

Institutional investors and hedge funds have recently modified their holdings of the business. CTC Alternative Strategies Ltd. acquired a new position in shares of American Resources in the 1st quarter valued at about $25,000. MSH Capital Advisors LLC acquired a new stake in American Resources during the fourth quarter worth about $25,000. SummitTX Capital L.P. bought a new position in American Resources in the first quarter worth about $30,000. Jump Financial LLC bought a new position in American Resources in the fourth quarter worth about $30,000. Finally, Creative Planning boosted its stake in American Resources by 65.5% in the second quarter. Creative Planning now owns 37,892 shares of the company's stock valued at $31,000 after acquiring an additional 15,000 shares during the period. 9.32% of the stock is owned by institutional investors and hedge funds.

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.

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