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: $3.22
  • 50 Day Moving Average: $3.24
  • 200 Day Moving Average: $3.12
  • 52-Week Range: $0.60 - $4.35
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -19.88
  • P/E Growth: -0.82
  • Market Cap: $132.74M
  • Outstanding Shares: 41,610,000
  • Beta: 2.82
Profitability:
  • Net Margins: -49.87%
  • Return on Equity: -6.45%
  • Return on Assets: -3.31%
Debt:
  • Debt-to-Equity Ratio: 0.87%
  • Current Ratio: 0.49%
  • Quick Ratio: 0.49%
Additional Links:
Companies Related to Approach Resources:

Analyst Ratings

Consensus Ratings for Approach Resources (NASDAQ:AREX) (?)
Ratings Breakdown: 2 Hold Ratings, 2 Buy Ratings
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $4.33 (36.27% upside)

Analysts' Ratings History for Approach Resources (NASDAQ:AREX)
Show:
DateFirmActionRatingPrice TargetDetails
2/16/2017Seaport Global SecuritiesReiterated RatingNeutral$3.50View Rating Details
1/20/2017KLR GroupUpgradeAccumulate -> Buy$4.00View Rating Details
10/26/2016SunTrust Banks, Inc.UpgradeReduce -> HoldView Rating Details
10/26/2016WunderlichUpgradeHold -> Buy$4.00 -> $5.50View Rating Details
2/5/2016Robert W. BairdLower Price Target$3.00 -> $1.00View Rating Details
1/26/2016Clarkson CapitalDowngradeNeutral -> SellView 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
5/11/2015Canaccord GenuitySet Price TargetHold$7.50View Rating Details
(Data available from 2/22/2015 forward)

Earnings

Earnings History for Approach Resources (NASDAQ:AREX)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
3/1/2017        
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: $-0.79 EPS
Next Year EPS Consensus Estimate: $-0.16 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($0.27)($0.22)($0.25)
Q4 20163($0.24)($0.10)($0.17)
Q1 20173($0.23)$0.02($0.09)
Q2 20173($0.21)($0.02)($0.09)
Q3 20173($0.20)($0.01)($0.08)
Q4 20173($0.19)($0.01)($0.07)
Q1 20181($0.02)($0.02)($0.02)
Q2 20181($0.03)($0.03)($0.03)
Q3 20181($0.02)($0.02)($0.02)
Q4 20181($0.01)($0.01)($0.01)
(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: 7.80%
Institutional Ownership Percentage: 49.46%
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 IconChart Update on Shares of Approach Resources, Inc. (NASDAQ:AREX) - BVN (NASDAQ:AREX)
bvnewsjournal.com - February 18 at 3:34 PM
News IconApproach Resources (AREX) is Resumed by Seaport Global Securities to “Neutral” - Highland Mirror (NASDAQ:AREX)
www.highlandmirror.com - February 16 at 3:40 PM
News IconIs The Sell-Side Predicting That Approach Resources Inc. (NASDAQ:AREX) Will Move Higher? - Winfield Review (NASDAQ:AREX)
winfieldreview.com - February 16 at 8:31 AM
News IconConsensus Price Of Approach Resources Inc. (NASDAQ:AREX) Set At $5.95 - Transcript Daily (NASDAQ:AREX)
transcriptdaily.com - February 16 at 8:31 AM
News IconEPS Of Approach Resources Inc. (NASDAQ:AREX) At $-0.2 - Stock Observer (NASDAQ:AREX)
www.thestockobserver.com - February 14 at 9:15 PM
News IconInvestor Watch on These Shares: Approach Resources Inc. (AREX) - BVN (NASDAQ:AREX)
bvnewsjournal.com - February 14 at 9:15 PM
realistinvestor.com logoThe Growth Forecast For Approach Resources Inc. (NASDAQ:AREX) - RealistInvestor.com (NASDAQ:AREX)
www.realistinvestor.com - February 12 at 3:38 PM
News IconStock Survey: Approach Resources, Inc. (NASDAQ:AREX) - Benton Bulletin (NASDAQ:AREX)
bentonbulletin.com - February 11 at 3:37 PM
News IconApproach Resources Inc. (NASDAQ:AREX) EPS Estimate At $-0.01 - Transcript Daily (NASDAQ:AREX)
transcriptdaily.com - February 11 at 3:37 PM
News IconChart Indicators in Focus for Approach Resources Inc. (AREX) - Rives Journal (NASDAQ:AREX)
rivesjournal.com - February 9 at 8:40 PM
News IconApproach Resources Inc. (NASDAQ:AREX) Target Price At $5.95 - Transcript Daily (NASDAQ:AREX)
transcriptdaily.com - February 9 at 1:56 AM
News IconStock Tripped Up Out of The Gate: Approach Resources, Inc. (NASDAQ:AREX) - Aiken Advocate (NASDAQ:AREX)
aikenadvocate.com - February 7 at 9:31 PM
moodys.com logoApproach Resources Inc. -- Moody's upgrades Approach to Caa1; stable outlook (NASDAQ:AREX)
www.moodys.com - February 7 at 9:31 PM
finance.yahoo.com logoThe Zacks Analyst Blog Highlights: Baker Hughes, Denbury Resources, Abraxas Petroleum, Halcon Resources and Approach Resources (NASDAQ:AREX)
finance.yahoo.com - February 7 at 4:31 PM
sg.finance.yahoo.com logoU.S. Rig Count Continues to Increase (NASDAQ:AREX)
sg.finance.yahoo.com - February 6 at 3:38 PM
News IconNews Impact Score Of Approach Resources Inc. (NASDAQ:AREX) At 100 - Stock Observer (NASDAQ:AREX)
www.thestockobserver.com - February 4 at 3:41 PM
News IconEPS Forecast Of Approach Resources Inc. (NASDAQ:AREX) Set At $-0.01 - Transcript Daily (NASDAQ:AREX)
transcriptdaily.com - February 2 at 3:41 PM
seekingalpha.com logoApproach Resources: Owners Retain More - Seeking Alpha (NASDAQ:AREX)
seekingalpha.com - February 2 at 3:41 PM
News IconApproach Resources Inc. (NASDAQ:AREX) Insider Trading Review - The Newburgh Press (NASDAQ:AREX)
newburghpress.com - February 1 at 8:48 PM
News IconAre Big Holders Curtailing Positions in Approach Resources, Inc. (NASDAQ:AREX) - Wall Street Beacon (NASDAQ:AREX)
wsbeacon.com - February 1 at 3:46 PM
News IconEarnings Forecast Research on Approach Resources Inc. (AREX) - Morning Outlook (NASDAQ:AREX)
www.morningoutlook.com - February 1 at 3:46 PM
istreetwire.com logoStocks in Focus: Approach Resources, Inc. (AREX), FMC Corporation (FMC), Jabil Circuit, Inc. (JBL) - iStreetWire (NASDAQ:AREX)
istreetwire.com - January 31 at 8:49 PM
News IconApproach Resources Inc. (NASDAQ:AREX) Price Target At $5.95 - Transcript Daily (NASDAQ:AREX)
transcriptdaily.com - January 31 at 3:46 PM
wsj.com logo[$$] Approach Completes Debt Exchange with Wilks Brothers (NASDAQ:AREX)
www.wsj.com - January 31 at 3:46 PM
us.rd.yahoo.com logoApproach Resources Inc. Announces Exchange Offer for Remaining 7.00% Senior Notes Due 2021 (NASDAQ:AREX)
us.rd.yahoo.com - January 31 at 2:44 AM
us.rd.yahoo.com logo5:02 pm Approach Resources promotes Qingming Yang to President and announces exchange offer for remaining 7.00% Senior Notes Due 2021 (NASDAQ:AREX)
us.rd.yahoo.com - January 31 at 2:44 AM
realistinvestor.com logoAnalysts Rating Of Approach Resources Inc. (NASDAQ:AREX) At 2.86 - RealistInvestor.com (NASDAQ:AREX)
www.realistinvestor.com - January 30 at 9:42 PM
globenewswire.com logoApproach Resources Inc. Announces Executive Promotion - GlobeNewswire (press release) (NASDAQ:AREX)
globenewswire.com - January 30 at 9:42 PM
feeds.reuters.com logoBRIEF-Approach Resources announces exchange offer for remaining 7 pct senior notes due 2021 (NASDAQ:AREX)
feeds.reuters.com - January 30 at 5:47 PM
feeds.benzinga.com logoApproach Resources Inc. Announces Executive Promotion (NASDAQ:AREX)
feeds.benzinga.com - January 30 at 5:46 PM
News IconStock Looking Bearish Out Of The Gate, Gapping Down: Approach Resources, Inc. (NASDAQ:AREX) - Aiken Advocate (NASDAQ:AREX)
aikenadvocate.com - January 27 at 9:29 PM
globenewswire.com logoApproach Resources Inc. Announces 82% Stockholder Approval of Exchange Transactions - GlobeNewswire (press release) (NASDAQ:AREX)
globenewswire.com - January 27 at 9:29 PM
News IconPrice Target Of Approach Resources Inc. (NASDAQ:AREX)At $5.95 - Transcript Daily (NASDAQ:AREX)
transcriptdaily.com - January 27 at 9:29 PM
streetinsider.com logoApproach Resources (AREX) Closes Previously Announced Exchange Transaction - StreetInsider.com (NASDAQ:AREX)
www.streetinsider.com - January 27 at 9:29 PM
streetinsider.com logoApproach Resources (AREX) Closes Previously Announced Exchange Transaction (NASDAQ:AREX)
www.streetinsider.com - January 27 at 4:28 PM
finance.yahoo.com logoApproach Resources Inc. Announces Close of Strategic Alliance and Deleveraging Transaction (NASDAQ:AREX)
finance.yahoo.com - January 27 at 4:28 PM
finance.yahoo.com logoApproach Resources Inc. Announces 82% Stockholder Approval of Exchange Transactions (NASDAQ:AREX)
finance.yahoo.com - January 26 at 8:56 PM
News IconStock Watch for Approach Resources, Inc. (NASDAQ:AREX) - The Tribune (NASDAQ:AREX)
lakecitytribune.com - January 26 at 3:53 PM
News IconTrading Spotlight: Zooming in on Shares of Approach Resources Inc. (AREX) - Sherwood Daily (NASDAQ:AREX)
sherwooddaily.com - January 26 at 3:53 PM
News IconAre Firms & Funds Cutting Back Their Holdings in Approach Resources, Inc. (NASDAQ:AREX) - Wall Street Beacon (NASDAQ:AREX)
wsbeacon.com - January 25 at 3:42 PM
News IconCCI Focus on Shares of Approach Resources Inc. (AREX) - Sherwood Daily (NASDAQ:AREX)
sherwooddaily.com - January 25 at 1:59 AM
News IconEarnings Analysis & Update for Approach Resources Inc. (NASDAQ:AREX)? - Aiken Advocate (NASDAQ:AREX)
aikenadvocate.com - January 24 at 3:56 PM
News IconF-Score in Review on Shares of Approach Resources, Inc. (NASDAQ:AREX) - The Tribune (NASDAQ:AREX)
lakecitytribune.com - January 24 at 3:56 PM
News IconApproach Resources Inc. (NASDAQ:AREX) showed P/E ratio of 0 - The Newburgh Press (NASDAQ:AREX)
newburghpress.com - January 24 at 3:56 PM
News IconApproach Resources Inc. (NASDAQ:AREX) Mean Price Target At $5.95 - Transcript Daily (NASDAQ:AREX)
transcriptdaily.com - January 23 at 3:41 PM
News IconApproach Resources Inc. (NASDAQ:AREX) Quarterly EPS Projection At $-0.19 - Stock Observer (NASDAQ:AREX)
www.thestockobserver.com - January 23 at 3:41 PM
realistinvestor.com logoApproach Resources Inc. (NASDAQ:AREX) Analysts Rating At 2.86 - RealistInvestor.com (NASDAQ:AREX)
www.realistinvestor.com - January 22 at 3:33 PM
News IconApproach Resources Inc. (AREX) Stock Up After Upgrade at KLR Group - BNB Daily (blog) (NASDAQ:AREX)
www.baseball-news-blog.com - January 21 at 3:34 PM
News IconNews Impact Score Of Approach Resources Inc. (NASDAQ:AREX) Set At 94 - Stock Observer (NASDAQ:AREX)
www.thestockobserver.com - January 21 at 3:34 PM
News IconToday's Stock Alert: Today Approach Resources Inc. Stock Rises - Fair View Times (NASDAQ:AREX)
fairviewtimes.com - January 18 at 4:14 PM

Social

What is Approach Resources' stock symbol?

Approach Resources trades on the NASDAQ under the ticker symbol "AREX."

Where is Approach Resources' stock going? Where will Approach Resources' stock price be in 2017?

4 brokerages have issued 1-year target prices for Approach Resources' stock. Their predictions range from $3.50 to $5.50. On average, they expect Approach Resources' stock price to reach $4.33 in the next twelve months.

When will Approach Resources announce their earnings?

Approach Resources is scheduled to release their next quarterly earnings announcement on Wednesday, March, 1st 2017.

Who owns Approach Resources stock?

Approach Resources' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Russell Investments Group Ltd. (1.20%), Wexford Capital LP (0.48%), Allianz Asset Management AG (0.45%), Dimensional Fund Advisors LP (0.39%) and A.R.T. Advisors LLC (0.32%).

Who bought Approach Resources stock? Who is buying Approach Resources stock?

Approach Resources' stock was acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Allianz Asset Management AG, A.R.T. Advisors LLC and Dimensional Fund Advisors LP.

How do I buy Approach Resources stock?

Shares of Approach Resources can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Approach Resources stock cost?

One share of Approach Resources stock can currently be purchased for approximately $3.18.

Approach Resources (NASDAQ:AREX) Chart for Wednesday, February, 22, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Approach Resources (NASDAQ:AREX)

Earnings History Chart

Earnings by Quarter for Approach Resources (NASDAQ:AREX)

Dividend History Chart

Dividend Payments by Quarter for Approach Resources (NASDAQ:AREX)

Last Updated on 2/22/2017 by MarketBeat.com Staff