American Resources (AREC) Expected to Announce Quarterly Earnings on Friday

American Resources (NASDAQ:AREC) is expected to announce its results after the market closes on Friday, March 27th. Analysts expect the company to announce earnings of ($0.0912) per share and revenue of $0.5050 million for the quarter.

American Resources Stock Down 9.7%

Shares of NASDAQ:AREC opened at $2.80 on Friday. The company has a market cap of $299.40 million, a price-to-earnings ratio of -6.83 and a beta of 1.02. The business has a 50 day moving average price of $3.30 and a 200 day moving average price of $3.16. American Resources has a twelve month low of $0.38 and a twelve month high of $7.11.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Wall Street Zen raised American Resources from a “sell” rating to a “hold” rating in a research report on Sunday, February 22nd. Maxim Group started coverage on American Resources in a report on Wednesday, November 26th. They set a “buy” rating and a $7.00 price objective on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of American Resources in a research note on Wednesday, January 21st. Finally, D. Boral Capital reaffirmed a “buy” rating and issued a $6.00 target price on shares of American Resources in a research report on Monday, December 1st. 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 has a consensus rating of “Moderate Buy” and an average target price of $6.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its holdings in American Resources by 354.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 560,986 shares of the company’s stock valued at $1,391,000 after purchasing an additional 437,578 shares in the last quarter. Squarepoint Ops LLC grew its stake in shares of American Resources by 852.8% in the 4th quarter. Squarepoint Ops LLC now owns 250,536 shares of the company’s stock valued at $621,000 after purchasing an additional 224,240 shares during the period. Engineers Gate Manager LP acquired a new position in shares of American Resources in the 4th quarter worth approximately $180,000. OMERS ADMINISTRATION Corp raised its holdings in shares of American Resources by 13.8% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 64,200 shares of the company’s stock worth $159,000 after buying an additional 7,800 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of American Resources during the 2nd quarter worth approximately $139,000. Institutional investors and hedge funds own 9.32% of the company’s stock.

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.