American Resources (NASDAQ:AREC) Downgraded to Sell Rating by Wall Street Zen

American Resources (NASDAQ:AREC) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

AREC has been the subject of a number of other research reports. Maxim Group started coverage on shares of American Resources in a research report on Wednesday, November 26th. They issued a “buy” rating and a $7.00 price objective for the company. D. Boral Capital reissued a “buy” rating and issued a $6.00 target price on shares of American Resources in a research note on Monday, December 1st. Weiss Ratings restated a “sell (d-)” rating on shares of American Resources in a report on Wednesday, January 21st. Finally, William Blair started coverage on American Resources in a research report on Monday, October 20th. They set an “outperform” rating on the stock. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $6.00.

American Resources Price Performance

Shares of NASDAQ:AREC opened at $3.08 on Friday. The firm’s 50 day simple moving average is $3.07 and its 200 day simple moving average is $2.89. American Resources has a fifty-two week low of $0.38 and a fifty-two week high of $7.11. The company has a market capitalization of $312.28 million, a price-to-earnings ratio of -7.51 and a beta of 1.17.

American Resources (NASDAQ:AREC) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.05. The firm had revenue of $0.05 million for the quarter, compared to analyst estimates of $0.01 million. Equities research analysts expect that American Resources will post -0.38 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of AREC. MSH Capital Advisors LLC bought a new stake in American Resources in the 4th quarter valued at approximately $25,000. Northwest Financial Advisors acquired a new stake in shares of American Resources in the third quarter valued at approximately $27,000. Belvedere Trading LLC bought a new stake in shares of American Resources in the third quarter worth $30,000. Creative Planning lifted its position in shares of American Resources by 65.5% in the second quarter. Creative Planning now owns 37,892 shares of the company’s stock worth $31,000 after purchasing an additional 15,000 shares in the last quarter. Finally, State of Wyoming acquired a new position in American Resources during the fourth quarter worth $32,000. 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.