NASDAQ:AREX Approach Resources Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Approach Resources Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $0.02 0.00 (0.00 %) (As of 09/30/2020 12:00 AM ET) Add Compare Share Today's Range$0.02Now: $0.02▼$0.0250-Day Range$0.01MA: $0.02▼$0.0352-Week Range$0.02Now: $0.02▼$1.45Volume71,163 shsAverage Volume694,788 shsMarket Capitalization$1.62 millionP/E RatioN/ADividend YieldN/ABeta3.17 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Approach Resources, Inc., an independent energy company, focuses on the acquisition, exploration, development, and production of unconventional oil and gas reserves. The company's properties are primarily located in the Permian Basin in west Texas. It also owns interests in east Texas Basin. As of December 31, 2018, its estimated proved reserves were 180.1 million barrels of oil equivalent located in Crockett and Schleicher counties, Texas. The company also owned and operated 813 producing oil and gas wells in the Permian Basin. Approach Resources, Inc. was incorporated in 2002 and is headquartered in Fort Worth, Texas.Read More Beat the Market (BTM) Rank™ 0.0 Analyst's Opinion Consensus RatingThere is not enough analysis data for Approach Resources. Previous Next 2.3 Community Rank Outperform VotesApproach Resources has received 421 “outperform” votes. (Add your “outperform” vote.)Underperform VotesApproach Resources has received 504 “underperform” votes. (Add your “underperform” vote.)Community SentimentApproach Resources has received 54.49% “underperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Approach Resources and other stocks. Vote “Outperform” if you believe AREX will outperform the S&P 500 over the long term. Vote “Underperform” if you believe AREX will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 0.0 Dividend Strength Dividend YieldApproach Resources does not currently pay a dividend.Dividend GrowthApproach Resources does not have a long track record of dividend growth. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Approach Resources insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.10% of the stock of Approach Resources is held by insiders.Percentage Held by Institutions60.76% of the stock of Approach Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Approach Resources are expected to grow in the coming year, from ($0.40) to ($0.23) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Approach Resources is -0.07, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Approach Resources is -0.07, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioApproach Resources has a P/B Ratio of 0.00. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 0.0Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™0.91 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Crude petroleum & natural gas Sub-IndustryOil & Gas Exploration & Production SectorOils/Energy Current SymbolNASDAQ:AREX Previous Symbol CUSIP03834A10 CIK1405073 Webwww.approachresources.com Phone817-989-9000Debt Debt-to-Equity Ratio0.16 Current Ratio0.05 Quick Ratio0.05Price-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$114.04 million Price / Sales0.01 Cash Flow$0.08 per share Price / Cash Flow0.23 Book Value$6.24 per share Price / Book0.00Profitability EPS (Most Recent Fiscal Year)($0.26) Net Income$-19,910,000.00 Net Margins-38.00% Return on Equity-5.64% Return on Assets-2.99%Miscellaneous Employees99 Outstanding Shares93,664,000Market Cap$1.62 million Next Earnings Date11/16/2020 (Estimated) OptionableOptionable $0.02 0.00 (0.00 %) (As of 09/30/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive AREX News and Ratings via Email Sign-up to receive the latest news and ratings for AREX and its competitors with MarketBeat's FREE daily newsletter. Approach Resources (NASDAQ:AREX) Frequently Asked Questions How has Approach Resources' stock price been impacted by COVID-19 (Coronavirus)? Approach Resources' stock was trading at $0.0125 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, AREX shares have increased by 38.4% and is now trading at $0.0173. View which stocks have been most impacted by COVID-19. When is Approach Resources' next earnings date? Approach Resources is scheduled to release its next quarterly earnings announcement on Monday, November 16th 2020. View our earnings forecast for Approach Resources. How were Approach Resources' earnings last quarter? Approach Resources Inc. (NASDAQ:AREX) announced its quarterly earnings data on Thursday, August, 8th. The energy company reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.10) by $0.04. The energy company earned $14.72 million during the quarter, compared to analyst estimates of $20.61 million. Approach Resources had a negative net margin of 38.00% and a negative return on equity of 5.64%. View Approach Resources' earnings history. Who are some of Approach Resources' key competitors? Some companies that are related to Approach Resources include ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Concho Resources (CXO), Cabot Oil & Gas (COG), Diamondback Energy (FANG), Continental Resources (CLR), Noble Energy (NBL), Devon Energy (DVN), Apache (APA), EQT (EQT), Marathon Oil (MRO), WPX Energy (WPX), Cimarex Energy (XEC) and Range Resources (RRC). View all competitors. What other stocks do shareholders of Approach Resources own? Based on aggregate information from My MarketBeat watchlists, some companies that other Approach Resources investors own include Reata Pharmaceuticals (RETA), Precision Drilling (PDS), First Financial Bankshares (FFIN), Synlogic (SYBX), Basic Energy Services (BAS), Precision Drilling (PD), Archrock (AROC), Targa Resources (TRGP), Endologix (ELGX) and EVINE Live (EVLV). Who are Approach Resources' key executives? Approach Resources' management team includes the following people: Mr. Sergei Krylov, CEO & CFO (Age 42)Mr. J. Curtis Henderson, Chief Admin. Officer (Age 56)Mr. Ian M. Shaw, Chief Accounting Officer (Age 35)Mr. Joshua E. Dazey, VP, Gen. Counsel & Corp. Sec.Mr. Troy A. Hoefer, Sr. VP of Engineering What is Approach Resources' stock symbol? Approach Resources trades on the NASDAQ under the ticker symbol "AREX." How do I buy shares of Approach Resources? Shares of AREX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. What is Approach Resources' stock price today? One share of AREX stock can currently be purchased for approximately $0.02. How big of a company is Approach Resources? Approach Resources has a market capitalization of $1.62 million and generates $114.04 million in revenue each year. The energy company earns $-19,910,000.00 in net income (profit) each year or ($0.26) on an earnings per share basis. Approach Resources employs 99 workers across the globe. What is Approach Resources' official website? The official website for Approach Resources is www.approachresources.com. How can I contact Approach Resources? Approach Resources' mailing address is ONE RIDGMAR CENTRE 6500 WEST FREEWAY SUITE 800, FORT WORTH TX, 76116. The energy company can be reached via phone at 817-989-9000 or via email at [email protected] This page was last updated on 10/1/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. 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