Approach Resources, Inc., an independent energy company, focuses on the acquisition, exploration, development, and production of unconventional oil and gas reserves in the United States. 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, 2017, its estimated proved reserves were 181.5 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.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
SymbolNASDAQ:AREX
CUSIP03834A10
Phone817-989-9000
Debt
Debt-to-Equity Ratio0.64
Current Ratio0.46
Quick Ratio0.46
Price-To-Earnings
Trailing P/E Ratio-5.31
Forward P/E Ratio-6.16
P/E GrowthN/A
Sales & Book Value
Annual Sales$105.35 million
Price / Sales1.71
Cash Flow$0.4751 per share
Price / Cash4.02
Book Value$7.02 per share
Price / Book0.27
Profitability
EPS (Most Recent Fiscal Year)($0.36)
Net Income$-112,350,000.00
Net Margins18.38%
Return on Equity-4.52%
Return on Assets-2.42%
Miscellaneous
Employees97
Outstanding Shares94,490,000
Market Cap$182.36 million
Approach Resources (NASDAQ:AREX) Frequently Asked Questions
What is Approach Resources' stock symbol?
Approach Resources trades on the NASDAQ under the ticker symbol "AREX."
How were Approach Resources' earnings last quarter?
Approach Resources Inc. (NASDAQ:AREX) posted its quarterly earnings data on Wednesday, August, 1st. The energy company reported ($0.07) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.07). The energy company earned $30.33 million during the quarter, compared to analysts' expectations of $28.16 million. Approach Resources had a net margin of 18.38% and a negative return on equity of 4.52%. View Approach Resources' Earnings History.
When is Approach Resources' next earnings date?
What price target have analysts set for AREX?
3 brokers have issued 12-month price targets for Approach Resources' stock. Their predictions range from $3.00 to $3.00. On average, they expect Approach Resources' stock price to reach $3.00 in the next year. This suggests a possible upside of 57.1% from the stock's current price. View Analyst Price Targets for Approach Resources.
What is the consensus analysts' recommendation for Approach Resources?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Approach Resources in the last year. There are currently 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Approach Resources.
Who are some of Approach Resources' key competitors?
Some companies that are related to Approach Resources include Stone Energy (SGY), NOSTRUM OIL & G/ADR (NSTRY), Resolute Energy (REN), Halcon Resources (HK), Hess Midstream Partners (HESM), Dorchester Minerals (DMLP), Earthstone Energy (ESTE), Bonanza Creek Energy (BCEI), Enterprise GP (EPE), Kimbell Royalty Partners (KRP), Freedom (FRHC), Advantage Oil & Gas (AAV), Advantage Oil & Gas (AAVVF), TETRA Technologies (TTI) and Pengrowth Energy (PGH).
Who are Approach Resources' key executives?
Approach Resources' management team includes the folowing people:
- Mr. J. Ross Craft P.E., Founder, Chairman & CEO (Age 61)
- Dr. Qingming Yang, Pres & COO (Age 55)
- Mr. Sergei Krylov, Exec. VP& CFO (Age 41)
- Mr. J. Curtis Henderson, Chief Admin. Officer & Corp. Sec. (Age 55)
- Mr. Ian M. Shaw, Principal Accounting Officer (Age 35)
Who are Approach Resources' major shareholders?
Approach Resources' stock is owned by a variety of of institutional and retail investors. Top institutional investors include First Manhattan Co. (0.68%). Company insiders that own Approach Resources stock include Vean J Gregg III and Wilks Brothers, Llc. View Institutional Ownership Trends for Approach Resources.
Which major investors are selling Approach Resources stock?
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, Scottrade, Fidelity and Charles Schwab.
What is Approach Resources' stock price today?
One share of AREX stock can currently be purchased for approximately $1.91.
How big of a company is Approach Resources?
Approach Resources has a market capitalization of $182.36 million and generates $105.35 million in revenue each year. The energy company earns $-112,350,000.00 in net income (profit) each year or ($0.36) on an earnings per share basis. Approach Resources employs 97 workers across the globe.
What is Approach Resources' official website?
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]
MarketBeat Community Rating for Approach Resources (NASDAQ AREX)
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.
