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: $2.79
  • 50 Day Moving Average: $2.02
  • 200 Day Moving Average: $1.90
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -3.53
  • P/E Growth: -0.51
  • Market Cap: $115.96M
  • Outstanding Shares: 41,564,000
  • Beta: 3.02
Additional Links:
Companies Related to Approach Resources:

Analyst Ratings

Consensus Ratings for Approach Resources (NASDAQ:AREX) (?)
Ratings Breakdown: 2 Sell Ratings, 2 Hold Ratings
Consensus Rating:Hold (Score: 1.50)
Consensus Price Target: $2.17 (22.34% downside)

Analysts' Ratings History for Approach Resources (NASDAQ:AREX)
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 8/24/2014 forward)


Earnings History for Approach Resources (NASDAQ:AREX)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
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)


Earnings Estimates for Approach Resources (NASDAQ:AREX)
Current Year EPS Consensus Estimate: $-1.03 EPS
Next Year EPS Consensus Estimate: $-0.79 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)($0.21)($0.26)
Q4 20162($0.29)($0.19)($0.24)
Q1 20172($0.23)($0.18)($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)


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

Insider Trades

Insider Trading History for Approach Resources (NASDAQ:AREX)
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)


Latest Headlines for Approach Resources (NASDAQ:AREX)
DateHeadline logoWhy Approach Resources (AREX) Stock Might be a Great Pick (NASDAQ:AREX) - August 23 at 3:35 PM
News IconLet's Take a Closer Look at Approach Resources, Inc. (NASDAQ:AREX) - Duncan Research (NASDAQ:AREX) - August 23 at 7:25 AM logoMid-Afternoon Market Update: CIFC Rises Following Acquisition News; Marathon Oil Shares Slide (NASDAQ:AREX) - August 22 at 8:41 PM logoHere's The Growth Forecast For Approach Resources Inc. (NASDAQ:AREX) - (NASDAQ:AREX) - August 21 at 3:31 PM
News IconApproach Resources, Inc.'s (AREX): ): Investors Recap - Hot Stocks Point (NASDAQ:AREX) - August 18 at 11:58 AM logoApproach Resources (AREX) Catches Eye: Stock Jumps 5.2% - Nasdaq (NASDAQ:AREX) - August 18 at 11:58 AM
News IconHow is the Crowd Rating Approach Resources Inc. (NASDAQ:AREX)? - Post News (NASDAQ:AREX) - August 17 at 3:37 PM
News IconApproach Resources Inc. – Day Two Breakout Notes (NASDAQ:AREX) - August 17 at 11:46 AM logoApproach Resources (AREX) Catches Eye: Stock Jumps 5.2% (NASDAQ:AREX) - August 17 at 11:46 AM
News IconKey Takeaways From Approach Resources Inc. (NASDAQ: AREX)'s 2Q - Scibility Media (NASDAQ:AREX) - August 15 at 3:38 PM logoAPPROACH RESOURCES INC Financials (NASDAQ:AREX) - August 11 at 3:36 PM logoETF’s with exposure to Approach Resources, Inc. : August 11, 2016 (NASDAQ:AREX) - August 11 at 12:48 PM logoApproach Resources, Inc. :AREX-US: Earnings Analysis: Q2, 2016 By the Numbers : August 9, 2016 (NASDAQ:AREX) - August 9 at 12:22 PM logoApproach Resources (AREX) Shares are Up 8.43% - Trade Calls (NASDAQ:AREX) - August 8 at 8:21 AM logoApproach Resources Inc. (NASDAQ:AREX) Mean Price Target At $4.333 - (NASDAQ:AREX) - August 7 at 3:34 PM logoApproach Resources Inc. (AREX) Jumps 14.09% on August 04 - (NASDAQ:AREX) - August 6 at 3:49 PM logoApproach Resources Inc. (AREX) Jumps 5.88% on August 05 - (NASDAQ:AREX) - August 5 at 8:57 PM logoEdited Transcript of AREX earnings conference call or presentation 4-Aug-16 3:00pm GMT (NASDAQ:AREX) - August 5 at 11:58 AM logoApproach Resources (AREX) J. Ross Craft on Q2 2016 Results - Earnings Call Transcript (NASDAQ:AREX) - August 4 at 9:19 PM logoAPPROACH RESOURCES INC Files SEC form 10-Q, Quarterly Report (NASDAQ:AREX) - August 4 at 9:19 PM logoApproach Resources: Extreme Cost-Cutting - Seeking Alpha (NASDAQ:AREX) - August 4 at 3:39 PM logoApproach Resources Inc. Reports Second Quarter 2016 Results (NASDAQ:AREX) - August 3 at 9:14 PM logoApproach Resources reports 2Q loss (NASDAQ:AREX) - August 3 at 9:14 PM logoApproach Resources Inc. (AREX) Drops 7.83% on August 01 - (NASDAQ:AREX) - August 3 at 12:10 PM logoQ2 2016 Approach Resources Inc Earnings Release - After Market Close (NASDAQ:AREX) - August 3 at 12:10 PM
News IconApproach Resources, Inc. (NASDAQ:AREX) To Report June 2016 Results - The Voice Registrar (NASDAQ:AREX) - July 29 at 3:34 PM logoApproach Resources Inc. (AREX) Drops 5.23% on July 27 - (NASDAQ:AREX) - July 29 at 3:34 PM logoApproach Resources Inc. (AREX) Drops 9.78% on July 25 - (NASDAQ:AREX) - July 27 at 11:47 AM
News IconAnalysts Take on Earnings: Discover Financial Services (NYSE:DFS), Approach Resources Inc. (NASDAQ:AREX ... - Engelwood Daily (NASDAQ:AREX) - July 23 at 6:37 AM
News IconApproach Resources Inc. (NASDAQ:AREX): Sell-Side Ratings and Company Earnings Glance - Engelwood Daily (NASDAQ:AREX) - July 22 at 3:33 PM
News IconEquity Roundup: Stock Performance Focus on Approach Resources Inc. (NASDAQ:AREX) - Press Telegraph (NASDAQ:AREX) - July 21 at 9:08 PM
News IconWere Analysts Bullish Approach Resources Inc. (NASDAQ:AREX) This Week? - Press Telegraph (NASDAQ:AREX) - July 21 at 3:34 PM logoETF’s with exposure to Approach Resources, Inc. : July 21, 2016 (NASDAQ:AREX) - July 21 at 1:46 PM logoApproach Resources Inc. (AREX) Drops 5.26% on July 19 - (NASDAQ:AREX) - July 21 at 11:01 AM logoApproach Resources Inc Stock Technicals at Critical Inflection Point - CML News (NASDAQ:AREX) - July 20 at 4:43 PM
News IconIncreased Stock Volatility Watch: Approach Resources, Inc. (NASDAQ:AREX) - Engelwood Daily (NASDAQ:AREX) - July 20 at 4:42 PM logoApproach Resources Inc. Schedules Second Quarter 2016 Conference Call for Thursday, August 4, 2016 (NASDAQ:AREX) - July 20 at 4:30 PM
News IconApproach Resources Incorporated (NASDAQ:AREX) Short Interest Decreased By 4.54% - Consumer Eagle (NASDAQ:AREX) - July 19 at 8:58 PM
News IconInvestor Watch: Volatility Recap on Shares of: Approach Resources, Inc. (NASDAQ:AREX) - Engelwood Daily (NASDAQ:AREX) - July 18 at 3:37 PM
News IconWhat's Ahead for Approach Resources Inc. After Forming Bullish Inverse Head & Shoulders? - Consumer Eagle (NASDAQ:AREX) - July 18 at 3:37 PM
News IconIncreased Volatility Noted on Shares of: Approach Resources, Inc. (NASDAQ:AREX) - Engelwood Daily (NASDAQ:AREX) - July 17 at 8:18 AM
News IconAnalyst Target and Average Rating Watch: Approach Resources Inc. (NASDAQ:AREX) - Press Telegraph (NASDAQ:AREX) - July 16 at 11:25 AM logoNew Broker Ratings For Approach Resources Inc. (NASDAQ:AREX) - FTSE News (NASDAQ:AREX) - July 16 at 11:25 AM
News IconApproach Resources Inc. (NASDAQ:AREX) Earnings Concentration and Analyst Target Watch - Engelwood Daily (NASDAQ:AREX) - July 16 at 11:25 AM
News IconApproach Resources Incorporated (NASDAQ:AREX) Shorted Shares Increased By 7.25% - Consumer Eagle (NASDAQ:AREX) - July 16 at 11:25 AM logoOil Companies Prove to be Resilient in 2016 (NASDAQ:AREX) - July 14 at 12:28 PM
News IconShare Volatility Watch for: Approach Resources, Inc. (NASDAQ:AREX) - Engelwood Daily (NASDAQ:AREX) - July 13 at 9:03 PM logoApproach Resources Inc. (AREX) Jumps 10.88% on July 12 - (NASDAQ:AREX) - July 13 at 3:36 PM
News IconShares Charging Upward in Session: Approach Resources, Inc. (NASDAQ:AREX) - Telanagana Press (NASDAQ:AREX) - July 12 at 9:03 PM
News IconApproach Resources Inc. (NASDAQ:AREX) Wall Street Analyst Recommendation Outlook - Telanagana Press (NASDAQ:AREX) - July 12 at 9:03 PM


Approach Resources (NASDAQ:AREX) Chart for Wednesday, August, 24, 2016

Last Updated on 8/24/2016 by Staff