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

American Resources (NASDAQ:AREC) was upgraded by Wall Street Zen from a “strong sell” rating to a “sell” rating in a report issued on Saturday.

Separately, Weiss Ratings lowered American Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 11th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, American Resources currently has a consensus rating of “Moderate Buy” and an average price target of $6.00.

American Resources Stock Performance

Shares of AREC stock opened at $2.88 on Friday. The stock has a market cap of $308.07 million, a PE ratio of -7.02 and a beta of 1.16. The business has a 50-day simple moving average of $2.05 and a 200-day simple moving average of $2.45. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.14. American Resources has a 52-week low of $1.18 and a 52-week high of $7.11.

American Resources (NASDAQ:AREC) last posted its earnings results on Tuesday, May 19th. The company reported $0.75 EPS for the quarter. The company had revenue of ($0.10) million for the quarter. On average, equities analysts expect that American Resources will post -0.34 EPS for the current year.

Institutional Trading of American Resources

Institutional investors have recently bought and sold shares of the business. HITE Hedge Asset Management LLC acquired a new stake in American Resources in the 4th quarter valued at $5,750,000. Bank of America Corp DE lifted its holdings in American Resources by 458.9% during the first quarter. Bank of America Corp DE now owns 410,230 shares of the company’s stock valued at $993,000 after purchasing an additional 336,829 shares in the last quarter. SummitTX Capital L.P. purchased a new position in American Resources during the first quarter valued at $30,000. State of Wyoming grew its position in shares of American Resources by 63.9% in the first quarter. State of Wyoming now owns 21,348 shares of the company’s stock valued at $52,000 after purchasing an additional 8,320 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of American Resources by 5.7% in the first quarter. SG Americas Securities LLC now owns 268,703 shares of the company’s stock valued at $650,000 after purchasing an additional 14,372 shares during the period. 9.32% of the stock is owned by institutional investors and hedge funds.

American Resources Company Profile

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.