American Resources (AREC) to Release Earnings on Thursday

American Resources (NASDAQ:AREC - Get Free Report) will post its quarterly earnings results after the market closes on Thursday, November 14th. Analysts expect American Resources to post earnings of ($0.10) per share for the quarter. Parties interested in registering for the company's conference call can do so using this link.

American Resources (NASDAQ:AREC - Get Free Report) last issued its earnings results on Monday, August 19th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.04). American Resources had a negative net margin of 332.74% and a negative return on equity of 978.72%. During the same period in the prior year, the business earned ($0.01) earnings per share. On average, analysts expect American Resources to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

American Resources Stock Down 1.0 %

Shares of AREC stock traded down $0.01 on Friday, hitting $1.02. 152,500 shares of the stock were exchanged, compared to its average volume of 237,361. American Resources has a one year low of $0.41 and a one year high of $1.86. The firm's 50 day moving average is $0.84 and its two-hundred day moving average is $0.88.

Wall Street Analyst Weigh In

Separately, Roth Mkm reduced their target price on shares of American Resources from $5.00 to $4.00 and set a "buy" rating for the company in a research note on Monday, September 30th.

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.