Approach Resources Company Profile (NASDAQ:AREX)

About Approach Resources

Approach Resources logoApproach Resources Inc. is an independent energy company. The Company is focused on the exploration, development, production and acquisition of unconventional oil and gas reserves in the Midland Basin of the greater Permian Basin in West Texas. The Company's business segment is the exploration and production of oil, natural gas liquids (NGLs) and natural gas. The Company's assets cover an area of approximately 126,000 net acres. Its proved reserves are approximately 166.6 million barrels of oil equivalent. The Company's proved reserves are primarily located in Crockett and Schleicher Counties, Texas. The Company's Permian Basin acreage is known as the Project Pangea. The Company owns and operates approximately 800 producing oil and gas wells in the Permian Basin. The Company, through a joint venture with EnCana Oil & Gas (USA) Inc., holds interests in the approximately 3,000 gross acre project in Limestone and Robertson Counties, Texas, in the East Texas Cotton Valley trend.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Independent Oil & Gas
  • Sub-Industry: Oil & Gas Exploration & Production
  • Exchange: NASDAQ
  • Symbol: AREX
  • CUSIP: 03834A10
Key Metrics:
  • Previous Close: $2.93
  • 50 Day Moving Average: $2.91
  • 200 Day Moving Average: $2.26
  • 52-Week Range: $41,564,000.00 - $0.60
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -3.82
  • P/E Growth: -0.57
  • Market Cap: $117.63M
  • Outstanding Shares: 41,564,000
  • Beta: 2.79
Profitability:
  • Net Margins: -185.20%
  • Return on Equity: -5.72%
  • Return on Assets: -2.93%
Debt:
  • Debt-to-Equity Ratio: 0.86%
  • Current Ratio: 0.43%
  • Quick Ratio: 0.43%
Additional Links:
Companies Related to Approach Resources:

Analyst Ratings

Consensus Ratings for Approach Resources (NASDAQ:AREX) (?)
Ratings Breakdown: 1 Sell Rating, 1 Hold Rating
Consensus Rating:Hold (Score: 1.50)
Consensus Price Target: $2.25 (20.49% downside)

Analysts' Ratings History for Approach Resources (NASDAQ:AREX)
Show:
DateFirmActionRatingPrice TargetDetails
7/11/2016WunderlichBoost Price TargetHold$3.50 -> $4.00View Rating Details
2/5/2016Robert W. BairdLower Price Target$3.00 -> $1.00View Rating Details
1/26/2016Clarkson CapitalDowngradeNeutral -> SellView Rating Details
1/19/2016KLR GroupLower Price Target$4.00 -> $2.00View Rating Details
11/10/2015SunTrust Banks Inc.Boost Price Target$1.50 -> $2.00View Rating Details
9/9/2015MacquarieDowngradeOutperform -> Neutral$5.50 -> $3.00View Rating Details
8/27/2015Sterne Agee CRTReiterated RatingUnderperform$2.00 -> $1.00View Rating Details
8/14/2015Howard WeilLower Price Target$8.00 -> $4.00View Rating Details
8/7/2015Northland SecuritiesLower Price TargetMarket Perform$8.00 -> $3.00View Rating Details
8/7/2015Royal Bank Of CanadaLower Price TargetOutperform$10.00 -> $9.00View Rating Details
8/6/2015BMO Capital MarketsLower Price TargetMarket Perform$7.50 -> $3.50View Rating Details
7/21/2015Seaport Global SecuritiesLower Price TargetNeutral$6.50 -> $4.00View Rating Details
5/11/2015Canaccord GenuitySet Price TargetHold$7.50View Rating Details
2/10/2015Miller TabakDowngradeHold -> Sell$7.00 -> $5.00View Rating Details
1/12/2015StephensDowngradeEqual Weight -> UnderweightView Rating Details
12/1/2014KeyCorpDowngradeBuy -> HoldView Rating Details
11/10/2014Wells Fargo & Co.Lower Price TargetOutperform$24.00 -> $18.00View Rating Details
11/10/2014MizuhoLower Price TargetNeutral$15.00 -> $12.00View Rating Details
(Data available from 9/26/2014 forward)

Earnings

Earnings History for Approach Resources (NASDAQ:AREX)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/2/2016        
8/3/2016Q216($0.29)($0.25)$22.27 million$22.43 millionViewN/AView Earnings Details
5/4/2016Q116($0.32)($0.32)$22.33 million$17.60 millionViewN/AView Earnings Details
3/3/2016Q415($0.17)($0.12)$36.61 million$25.50 millionViewN/AView Earnings Details
11/4/2015Q315($0.16)($0.14)$41.78 million$33.94 millionViewN/AView Earnings Details
8/5/2015Q215($0.07)($0.07)$45.76 million$38.61 millionViewN/AView Earnings Details
5/6/2015Q115($0.02)($0.03)$7.60 million$33.30 millionViewN/AView Earnings Details
2/25/2015$0.10$0.12ViewN/AView Earnings Details
11/6/2014Q314$0.22$0.27$70.54 million$68.10 millionViewN/AView Earnings Details
8/4/2014Q214$0.23$0.22$66.06 million$73.41 millionViewN/AView Earnings Details
5/8/2014Q114$0.22$0.17$59.95 million$61.93 millionViewN/AView Earnings Details
2/24/2014Q413$0.15$0.20$56.97 million$58.60 millionViewN/AView Earnings Details
11/8/2013Q313$0.07$0.07$46.03 million$44.20 millionViewListenView Earnings Details
8/1/2013Q2 2013$0.06$0.13$41.70 million$42.30 millionViewListenView Earnings Details
5/2/2013Q1 2013$0.01$0.06$36.98 million$36.27 millionViewListenView Earnings Details
2/21/2013Q4 2012($0.02)$35.53 million$35.31 millionViewListenView Earnings Details
11/5/2012$0.05$0.01$33.12 million$33.04 millionViewN/AView Earnings Details
5/3/2012$0.18$0.10ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Approach Resources (NASDAQ:AREX)
Current Year EPS Consensus Estimate: $-1.02 EPS
Next Year EPS Consensus Estimate: $-0.74 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162($0.34)($0.27)($0.31)
Q2 20162($0.32)($0.24)($0.28)
Q3 20162($0.30)($0.22)($0.26)
Q4 20162($0.29)($0.18)($0.24)
Q1 20172($0.23)($0.19)($0.21)
Q2 20172($0.22)($0.18)($0.20)
Q3 20172($0.20)($0.17)($0.19)
Q4 20172($0.20)($0.15)($0.18)
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Approach Resources (NASDAQ:AREX)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading History for Approach Resources (NASDAQ:AREX)
Insider Ownership Percentage: 12.40%
Institutional Ownership Percentage: 53.45%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
11/13/2014Vean J Gregg IIIDirectorBuy10,000$11.88$118,800.00View SEC Filing  
11/10/2014Sheldon B LubarDirectorBuy10,000$10.61$106,100.00View SEC Filing  
11/1/2013J. Ross CraftCEOSell2,500$28.06$70,150.00View SEC Filing  
10/4/2013J. Ross CraftCEOSell6,672$30.00$200,160.00View SEC Filing  
10/4/2013Ralph ManoushagianEVPSell2,888$30.00$86,640.00View SEC Filing  
10/4/2013Steven SmartCFOSell3,400$30.00$102,000.00View SEC Filing  
8/1/2013J Curtis HendersonEVPSell10,000$28.00$280,000.00View SEC Filing  
8/1/2013J. Ross CraftCEOSell5,000$28.00$140,000.00View SEC Filing  
8/1/2013Steven SmartCFOSell1,700$28.00$47,600.00View SEC Filing  
7/15/2013J. Ross CraftCEOSell9,000$25.97$233,730.00View SEC Filing  
6/12/2013Ralph P ManoushagianEVPSell6,000$24.76$148,560.00View SEC Filing  
6/12/2013Steven P SmartCFOSell5,000$24.78$123,900.00View SEC Filing  
9/13/2012Ralph P ManoushagianEVPSell2,166$34.00$73,644.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Approach Resources (NASDAQ:AREX)
DateHeadline
News IconKeen Investors Find News on Approach Resources, Inc. (NASDAQ:AREX) - Duncan Research (NASDAQ:AREX)
www.duncanindependent.com - September 24 at 3:31 PM
News IconStock to Watch: Pernix Therapeutics Holdings, Inc. (NASDAQ:PTX), Approach Resources Inc. (NASDAQ:AREX) - Newburgh Press (NASDAQ:AREX)
newburghpress.com - September 22 at 3:32 PM
News IconMarket Mover - Approach Resources, Inc.'s (AREX) - Hot Stocks Point (NASDAQ:AREX)
www.hotstockspoint.com - September 22 at 3:32 PM
News IconApproach Resources Inc. (NASDAQ:AREX) Quarterly Analysis - Newburgh Press (NASDAQ:AREX)
newburghpress.com - September 21 at 4:30 PM
News IconPenny Stock Investors Keen on Shares of Approach Resources, Inc. (NASDAQ:AREX) - Duncan Research (NASDAQ:AREX)
www.duncanindependent.com - September 21 at 4:30 PM
News IconHow Approach Resources, Inc. (NASDAQ:AREX) trades after earning announcements? - The Independent Republic (NASDAQ:AREX)
theindependentrepublic.com - September 21 at 4:30 PM
investornewswire.com logoAnalysts Expect Approach Resources Inc. (NASDAQ:AREX) To Post EPS Of $-0.19 - Investor Newswire (NASDAQ:AREX)
www.investornewswire.com - September 20 at 3:33 PM
News IconPenny Stock Investors Take an Interest in Approach Resources, Inc. (NASDAQ:AREX) - Duncan Research (NASDAQ:AREX)
www.duncanindependent.com - September 20 at 3:33 PM
prnewswire.com logoA Recent Claim That Oil Futures Are Set to Rally (NASDAQ:AREX)
www.prnewswire.com - September 19 at 4:29 PM
News IconEarnings According to Analysts for Approach Resources Inc. (NASDAQ:AREX)? - Frisco Fastball (NASDAQ:AREX)
friscofastball.com - September 18 at 8:21 AM
nasdaq.com logoArnold Schneider Adds to Approach Resources - Nasdaq (NASDAQ:AREX)
www.nasdaq.com - September 17 at 3:33 PM
News IconKeen Investors Seek Information on Approach Resources, Inc. (NASDAQ:AREX) - Duncan Research (NASDAQ:AREX)
www.duncanindependent.com - September 16 at 3:32 PM
finance.yahoo.com logoArnold Schneider Adds to Approach Resources (NASDAQ:AREX)
finance.yahoo.com - September 16 at 3:32 PM
News IconAnalysts Roundup at Gainers/Losers- QEP Resources, Inc. (NYSE:QEP), Approach Resources, Inc. (NASDAQ:AREX) - Seneca Globe (NASDAQ:AREX)
www.senecaglobe.com - September 15 at 8:42 PM
capitalcube.com logoETF’s with exposure to Approach Resources, Inc. : September 15, 2016 (NASDAQ:AREX)
www.capitalcube.com - September 15 at 12:27 PM
benzinga.com logoMid-Morning Market Update: Markets Open Lower; Renesas Electronics To Acquire Intersil For $22.50/Share - Benzinga (NASDAQ:AREX)
www.benzinga.com - September 13 at 3:33 PM
benzinga.com logo12 Biggest Mid-Day Losers For Tuesday - Benzinga (NASDAQ:AREX)
www.benzinga.com - September 13 at 3:33 PM
feeds.benzinga.com logo12 Biggest Mid-Day Losers For Tuesday (NASDAQ:AREX)
feeds.benzinga.com - September 13 at 2:27 PM
realistinvestor.com logoApproach Resources Inc. (NASDAQ:AREX) Mean Price Target Is $4.25 - RealistInvestor.com (NASDAQ:AREX)
www.realistinvestor.com - September 13 at 8:23 AM
News IconWhich way Approach Resources, Inc. (NASDAQ:AREX) earnings may go - The Voice Registrar (NASDAQ:AREX)
voiceregistrar.com - September 10 at 8:21 AM
News IconStock Seen Gapping Down Before Market Open: Approach Resources, Inc. (NASDAQ:AREX) - National Daily Press (NASDAQ:AREX)
www.nationaldailypress.com - September 9 at 3:33 PM
News IconTwo Basic Materials Stocks Are Hot: Approach Resources, Inc. (AREX), AK Steel Holding Corporation (AKS) - The Independent Republic (NASDAQ:AREX)
theindependentrepublic.com - September 9 at 8:22 AM
News IconApproach Resources Inc. (NASDAQ: AREX) shares touch new 52-week high - BNB Daily (blog) (NASDAQ:AREX)
www.baseball-news-blog.com - September 8 at 10:20 AM
benzinga.com logoMid-Morning Market Update: Markets Mostly Flat; HD Supply Misses Q2 Views - Benzinga (NASDAQ:AREX)
www.benzinga.com - September 7 at 12:41 PM
News IconApproach Resources Inc. (NASDAQ: AREX) hits new 52-week high - BNB Daily (blog) (NASDAQ:AREX)
www.baseball-news-blog.com - September 7 at 12:41 PM
benzinga.com logoMid-Day Market Update: Navistar Rises After Strategic Alliance With Volkswagen Truck & Bus; Tonix Shares Drop - Benzinga (NASDAQ:AREX)
www.benzinga.com - September 6 at 3:38 PM
News IconAnalysts Valuations For Two Stocks: Approach Resources Inc ... - The Voice Registrar (NASDAQ:AREX)
voiceregistrar.com - September 5 at 8:25 AM
realistinvestor.com logoApproach Resources Inc. (NASDAQ:AREX)'s Growth Forecast - RealistInvestor.com (NASDAQ:AREX)
www.realistinvestor.com - September 4 at 3:30 PM
News IconShares Gapping Lower Before the Open: Approach Resources, Inc. (NASDAQ:AREX) - Post News (NASDAQ:AREX)
www.kentuckypostnews.com - September 1 at 12:00 PM
capitalcube.com logoETF’s with exposure to Approach Resources, Inc. : August 30, 2016 (NASDAQ:AREX)
www.capitalcube.com - August 30 at 3:32 PM
News IconApproach Resources Inc. (NASDAQ:AREX) Analyst Opinion - The Independent Republic (NASDAQ:AREX)
theindependentrepublic.com - August 30 at 10:46 AM
benzinga.com logoMid-Morning Market Update: Markets Mostly Flat; G-III Apparel Misses Q2 Expectations - Benzinga (NASDAQ:AREX)
www.benzinga.com - August 30 at 10:46 AM
News IconApproach Resources, Inc. (NASDAQ:AREX) To Report September 2016 Results - The Voice Registrar (NASDAQ:AREX)
voiceregistrar.com - August 27 at 8:22 AM
finance.yahoo.com logoWhy Approach Resources (AREX) Stock Might be a Great Pick (NASDAQ:AREX)
finance.yahoo.com - August 23 at 3:35 PM
News IconLet's Take a Closer Look at Approach Resources, Inc. (NASDAQ:AREX) - Duncan Research (NASDAQ:AREX)
www.duncanindependent.com - August 23 at 7:25 AM
nasdaq.com logoMid-Afternoon Market Update: CIFC Rises Following Acquisition News; Marathon Oil Shares Slide (NASDAQ:AREX)
www.nasdaq.com - August 22 at 8:41 PM
realistinvestor.com logoHere's The Growth Forecast For Approach Resources Inc. (NASDAQ:AREX) - RealistInvestor.com (NASDAQ:AREX)
www.realistinvestor.com - August 21 at 3:31 PM
News IconApproach Resources, Inc.'s (AREX): ): Investors Recap - Hot Stocks Point (NASDAQ:AREX)
www.hotstockspoint.com - August 18 at 11:58 AM
nasdaq.com logoApproach Resources (AREX) Catches Eye: Stock Jumps 5.2% - Nasdaq (NASDAQ:AREX)
www.nasdaq.com - August 18 at 11:58 AM
News IconHow is the Crowd Rating Approach Resources Inc. (NASDAQ:AREX)? - Post News (NASDAQ:AREX)
www.kentuckypostnews.com - August 17 at 3:37 PM
News IconApproach Resources Inc. – Day Two Breakout Notes (NASDAQ:AREX)
www.oilandgas360.com - August 17 at 11:46 AM
finance.yahoo.com logoApproach Resources (AREX) Catches Eye: Stock Jumps 5.2% (NASDAQ:AREX)
finance.yahoo.com - August 17 at 11:46 AM
News IconKey Takeaways From Approach Resources Inc. (NASDAQ: AREX)'s 2Q - Scibility Media (NASDAQ:AREX)
scibilitymedia.com - August 15 at 3:38 PM
finance.yahoo.com logoAPPROACH RESOURCES INC Financials (NASDAQ:AREX)
finance.yahoo.com - August 11 at 3:36 PM
capitalcube.com logoETF’s with exposure to Approach Resources, Inc. : August 11, 2016 (NASDAQ:AREX)
www.capitalcube.com - August 11 at 12:48 PM
capitalcube.com logoApproach Resources, Inc. :AREX-US: Earnings Analysis: Q2, 2016 By the Numbers : August 9, 2016 (NASDAQ:AREX)
www.capitalcube.com - August 9 at 12:22 PM
tradecalls.org logoApproach Resources (AREX) Shares are Up 8.43% - Trade Calls (NASDAQ:AREX)
www.tradecalls.org - August 8 at 8:21 AM
realistinvestor.com logoApproach Resources Inc. (NASDAQ:AREX) Mean Price Target At $4.333 - RealistInvestor.com (NASDAQ:AREX)
www.realistinvestor.com - August 7 at 3:34 PM
equities.com logoApproach Resources Inc. (AREX) Jumps 14.09% on August 04 - Equities.com (NASDAQ:AREX)
www.equities.com - August 6 at 3:49 PM
equities.com logoApproach Resources Inc. (AREX) Jumps 5.88% on August 05 - Equities.com (NASDAQ:AREX)
www.equities.com - August 5 at 8:57 PM

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Approach Resources (NASDAQ:AREX) Chart for Monday, September, 26, 2016


Last Updated on 9/26/2016 by MarketBeat.com Staff