NASDAQ:AREX - Approach Resources Stock Price, Forecast & 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 $0.08 +0.07 (+769.23 %) (As of 12/6/2019 04:00 PM ET) Add Compare Today's Range$0.08Now: $0.08▼$0.0850-Day Range$0.01MA: $0.07▼$0.1252-Week Range$0.02Now: $0.08▼$1.45VolumeN/AAverage Volume694,788 shsMarket Capitalization$7.41 millionP/E RatioN/ADividend YieldN/ABeta3.17 ProfileAnalyst RatingsAdvanced ChartEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email 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. Read More… 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 Webhttp://www.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 / Sales0.06 Cash Flow$0.34 per share Price / Cash Flow0.23 Book Value$6.24 per share Price / Book0.01Profitability 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$7.41 million Next Earnings DateN/A OptionableOptionable 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. NASDAQ:AREX Rates by TradingView 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) released its earnings results on Thursday, August, 8th. The energy company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates 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. What price target have analysts set for AREX? 2 Wall Street analysts have issued twelve-month target prices for Approach Resources' stock. Their forecasts range from $0.40 to $0.40. On average, they anticipate Approach Resources' share price to reach $0.40 in the next twelve months. This suggests a possible upside of 405.7% from the stock's current price. View Analyst Price Targets for Approach Resources. What is the consensus analysts' recommendation for Approach Resources? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Approach Resources in the last year. There are currently 2 sell ratings for the stock, resulting in a consensus recommendation of "Sell." View Analyst Ratings for Approach Resources. Has Approach Resources been receiving favorable news coverage? Media headlines about AREX stock have been trending extremely negative on Friday, InfoTrie reports. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Approach Resources earned a daily sentiment score of -4.3 on InfoTrie's scale. They also assigned news articles about the energy company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the near future. View News Stories for Approach Resources. 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), Diamondback Energy (FANG), Continental Resources (CLR), Noble Energy (NBL), Marathon Oil (MRO), Devon Energy (DVN), Apache (APA), Cabot Oil & Gas (COG), Cimarex Energy (XEC), WPX Energy (WPX), Kosmos Energy (KOS) and EQT (EQT). 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 folowing 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 Who are Approach Resources' major shareholders? Approach Resources' stock is owned by many different of institutional and retail investors. Top institutional investors include Kayne Anderson Capital Advisors LP (4.00%) and Millennium Management LLC (0.20%). Company insiders that own Approach Resources stock include Ian M Shaw, J Curtis Henderson, Sergei Krylov and Wilks Brothers, Llc. View Institutional Ownership Trends for Approach Resources. Which institutional investors are selling Approach Resources stock? AREX stock was sold by a variety of institutional investors in the last quarter, including Kayne Anderson Capital Advisors LP and Millennium Management LLC. Company insiders that have sold Approach Resources company stock in the last year include Ian M Shaw, J Curtis Henderson and Sergei Krylov. View Insider Buying and Selling for Approach Resources. 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 $0.08. How big of a company is Approach Resources? Approach Resources has a market capitalization of $7.41 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.View Additional Information About Approach Resources. What is Approach Resources' official website? The official website for Approach Resources is http://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] MarketBeat Community Rating for Approach Resources (NASDAQ AREX)Community Ranking: 2.3 out of 5 ( )Outperform Votes: 403 (Vote Outperform)Underperform Votes: 484 (Vote Underperform)Total Votes: 887MarketBeat'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. This page was last updated on 12/6/2019 by MarketBeat.com StaffFeatured Article: What is a dividend reinvestment plan?
