Approach Resources Company Profile (NASDAQ:AREX)

About Approach Resources (NASDAQ:AREX)

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
  • Symbol: NASDAQ:AREX
  • CUSIP: 03834A10
  • Web:
  • Market Cap: $194.33 million
  • Outstanding Shares: 70,409,000
Average Prices:
  • 50 Day Moving Avg: $2.51
  • 200 Day Moving Avg: $2.91
  • 52 Week Range: $1.35 - $4.35
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -12.00
  • P/E Growth: -2.21
Sales & Book Value:
  • Annual Revenue: $99.04 million
  • Price / Sales: 1.96
  • Book Value: $7.93 per share
  • Price / Book: 0.35
  • EBIDTA: $39.48 million
  • Net Margins: -49.87%
  • Return on Equity: -6.45%
  • Return on Assets: -3.31%
  • Debt-to-Equity Ratio: 0.87%
  • Current Ratio: 0.49%
  • Quick Ratio: 0.49%
  • Average Volume: 975,884 shs.
  • Beta: 2.82
  • Short Ratio: 10.3

Frequently Asked Questions for Approach Resources (NASDAQ:AREX)

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, May, 4th. The company reported ($0.11) earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.11) by $0.00. The firm had revenue of $26.40 million for the quarter, compared to analysts' expectations of $25.96 million. Approach Resources had a negative net margin of 49.87% and a negative return on equity of 6.45%. The company's quarterly revenue was up 50.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.32) earnings per share. View Approach Resources' Earnings History.

When will Approach Resources make its next earnings announcement?

Approach Resources is scheduled to release their next quarterly earnings announcement on Tuesday, August, 1st 2017. View Earnings Estimates for Approach Resources.

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

5 equities research analysts have issued 1 year target prices for Approach Resources' stock. Their forecasts range from $3.25 to $5.50. On average, they anticipate Approach Resources' share price to reach $4.06 in the next year. View Analyst Ratings for Approach Resources.

What are analysts saying about Approach Resources stock?

Here are some recent quotes from research analysts about Approach Resources stock:

  • 1. According to Zacks Investment Research, "Approach Resources Inc. is an independent energy company engaged in the exploration, development, exploitation, production and acquisition of unconventional natural gas and oil properties onshore in the United States and Western Canada. The Company focuses its growth efforts primarily on finding and developing natural gas reserves in known tight gas sands and shale areas. The Company currently operates in Texas, New Mexico and Kentucky and has a non-operating interest in Western Canada. " (5/19/2017)
  • 2. KLR Group analysts commented, "We are decreasing our target price $0.25 to $4 following numerous model refinements including higher operating expenses and lower natural gas price realizations partly offset by an improvement in capital productivity (now modeling wells recover ~675 Mboe, up from ~650 Mboe previously) and higher NGL price realizations. Our target price is anchored on a mid-cycle $80 oil and $4 natural gas price deck. Approach generates a '19 capital yield of ~130% vs. the industry median of ~145%." (3/14/2017)

Are investors shorting Approach Resources?

Approach Resources saw a decline in short interest during the month of April. As of April 13th, there was short interest totalling 9,342,034 shares, a decline of 6.5% from the March 31st total of 9,986,791 shares. Based on an average trading volume of 763,760 shares, the days-to-cover ratio is presently 12.2 days.

Who are some of Approach Resources' key competitors?

Who owns Approach Resources stock?

Approach Resources' stock is owned by a variety of of institutional and retail investors. Top institutional investors include WILKS BROTHERS, LLC (46.24%), First Manhattan Co. (9.21%), Vanguard Group Inc. (0.00%), California Public Employees Retirement System (0.00%), Marathon Asset Management LP (1.66%) and Boston Partners (2.89%). Company insiders that own Approach Resources stock include Vean J Gregg III and Wilks Brothers, Llc. View Institutional Ownership Trends for Approach Resources.

Who sold Approach Resources stock? Who is selling Approach Resources stock?

Approach Resources' stock was sold by a variety of institutional investors in the last quarter, including Schneider Capital Management Corp, California Public Employees Retirement System, Acadian Asset Management LLC, Russell Investments Group Ltd., Oppenheimer & Co. Inc. and Parametric Portfolio Associates LLC. View Insider Buying and Selling for Approach Resources.

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

Approach Resources' stock was purchased by a variety of institutional investors in the last quarter, including First Manhattan Co., Goldman Sachs Group Inc., United Services Automobile Association, Boston Partners, Spark Investment Management LLC, Vanguard Group Inc., Columbia Pacific Advisors LLC and KBC Group NV. Company insiders that have bought Approach Resources stock in the last two years include Vean J Gregg III and Wilks Brothers, Llc. View Insider Buying and Selling for Approach Resources.

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 $2.76.

Analyst Ratings

Consensus Ratings for Approach Resources (NASDAQ:AREX) (?)
Ratings Breakdown: 3 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.40)
Consensus Price Target: $4.06 (47.19% upside)

Analysts' Ratings History for Approach Resources (NASDAQ:AREX)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/16/2017ScotiabankReiterated RatingHold$3.25HighView Rating Details
3/14/2017KLR GroupReiterated RatingBuy$4.25 -> $4.00LowView Rating Details
2/16/2017Seaport Global SecuritiesReiterated RatingNeutral$3.50N/AView Rating Details
10/26/2016SunTrust Banks, Inc.UpgradeReduce -> HoldN/AView Rating Details
10/26/2016WunderlichUpgradeHold -> Buy$4.00 -> $5.50N/AView Rating Details
2/5/2016Robert W. BairdLower Price Target$3.00 -> $1.00N/AView Rating Details
1/26/2016Clarkson CapitalDowngradeNeutral -> SellN/AView Rating Details
9/9/2015MacquarieDowngradeOutperform -> Neutral$5.50 -> $3.00N/AView Rating Details
8/27/2015Sterne Agee CRTReiterated RatingUnderperform$2.00 -> $1.00N/AView Rating Details
8/14/2015Howard WeilLower Price Target$8.00 -> $4.00N/AView Rating Details
8/7/2015Northland SecuritiesLower Price TargetMarket Perform$8.00 -> $3.00N/AView Rating Details
8/7/2015Royal Bank of CanadaLower Price TargetOutperform$10.00 -> $9.00N/AView Rating Details
8/6/2015BMO Capital MarketsLower Price TargetMarket Perform$7.50 -> $3.50N/AView Rating Details
(Data available from 5/26/2015 forward)


Earnings History for Approach Resources (NASDAQ:AREX)
Earnings by Quarter for Approach Resources (NASDAQ:AREX)
Earnings History by Quarter for Approach Resources (NASDAQ:AREX)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/4/2017Q1 2017($0.11)($0.11)$25.96 million$26.40 millionViewListenView Earnings Details
3/9/2017Q4 2016($0.19)($0.27)$26.04 million$26.51 millionViewListenView Earnings Details
11/2/2016Q316($0.24)($0.23)$24.80 million$23.70 millionViewListenView Earnings Details
8/3/2016Q216($0.27)($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
11/5/2014Q314$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$0.21$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)
2017 EPS Consensus Estimate: ($0.37)
2018 EPS Consensus Estimate: ($0.08)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173($0.23)$0.02($0.11)
Q2 20173($0.21)($0.02)($0.10)
Q3 20173($0.20)($0.01)($0.09)
Q4 20173($0.19)($0.01)($0.08)
Q1 20182($0.06)($0.02)($0.04)
Q2 20181($0.02)($0.02)($0.02)
Q3 20181($0.01)($0.01)($0.01)
Q4 20181($0.01)($0.01)($0.01)
(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 and Institutional Ownership History for Approach Resources (NASDAQ:AREX)
Insider Ownership Percentage: 7.80%
Institutional Ownership Percentage: 49.46%
Insider Trades by Quarter for Approach Resources (NASDAQ:AREX)
Institutional Ownership by Quarter for Approach Resources (NASDAQ:AREX)
Insider Trades by Quarter for Approach Resources (NASDAQ:AREX)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/19/2017Wilks Brothers, LlcInsiderBuy150,000$2.89$433,500.00View SEC Filing  
5/16/2017Wilks Brothers, LlcInsiderBuy150,000$3.03$454,500.00View SEC Filing  
5/15/2017Wilks Brothers, LlcInsiderBuy150,000$2.97$445,500.00View SEC Filing  
5/10/2017Vean J Gregg IIIDirectorBuy10,000$3.00$30,000.00View SEC Filing  
5/10/2017Wilks Brothers, LlcInsiderBuy200,000$2.81$562,000.00View SEC Filing  
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)


Headline Trends for Approach Resources (NASDAQ:AREX)
Latest Headlines for Approach Resources (NASDAQ:AREX)
DateHeadline logoQ2 2018 Earnings Estimate for Approach Resources Inc. (AREX) Issued By KeyCorp - May 24 at 11:32 AM logoInsider Buying: Approach Resources Inc. (AREX) Insider Purchases 150,000 Shares of Stock - May 22 at 7:46 PM logoETFs with exposure to Approach Resources, Inc. : May 22, 2017 - May 22 at 3:37 PM logo5 Zombie Stocks Coming Back From the Dead - May 20 at 3:41 PM logoZacks Investment Research Lowers Approach Resources Inc. (AREX) to Sell - May 19 at 5:20 PM logoApproach Resources Inc. (AREX) Given Average Recommendation of "Hold" by Analysts - May 19 at 10:50 AM logoWilks Brothers, Llc Purchases 150,000 Shares of Approach Resources Inc. (AREX) Stock - May 17 at 10:50 PM logoApproach Resources Inc. (AREX) Stock Rating Reaffirmed by Scotiabank - May 16 at 9:32 PM logoApproach Resources Inc. (AREX) Insider Wilks Brothers, Llc Purchases 150,000 Shares - May 16 at 10:26 AM logoWilks Brothers, Llc Purchases 200,000 Shares of Approach Resources Inc. (AREX) Stock - May 11 at 10:15 PM logoETFs with exposure to Approach Resources, Inc. : May 11, 2017 - May 11 at 9:04 PM logoVean J. Gregg III Buys 10,000 Shares of Approach Resources Inc. (AREX) Stock - May 11 at 8:48 PM logoApproach Resources Inc. (AREX) Expected to Announce Quarterly Sales of $27.38 Million - May 10 at 10:30 AM logoApproach Resources, Inc. :AREX-US: Earnings Analysis: Q1, 2017 By the Numbers : May 9, 2017 - May 9 at 3:35 PM logoOil and Gas Stocks on Investors' Radar -- Diamondback Energy, Carrizo Oil & Gas, Approach Resources, and Jones Energy - May 9 at 9:11 AM logoZacks: Brokerages Expect Approach Resources Inc. (AREX) Will Announce Earnings of -$0.08 Per Share - May 8 at 4:16 PM logoEdited Transcript of AREX earnings conference call or presentation 5-May-17 2:00pm GMT - May 8 at 10:51 AM logoApproach Resources Jumps - Seeking Alpha - May 7 at 3:45 PM logoApproach Resources (AREX) CEO Ross Craft on Q1 2017 Results - Earnings Call Transcript - May 6 at 1:41 AM logoApproach Resources Inc. Reports First Quarter 2017 Results - GlobeNewswire (press release) - May 5 at 1:49 AM logoApproach Resources Inc. (AREX) Announces Earnings Results, Hits Expectations - May 4 at 11:28 PM logoApproach Resources Inc. Reports First Quarter 2017 Results - May 4 at 8:48 PM logoApproach Resources reports 1Q loss - May 4 at 7:38 PM logoApproach Resources (AREX) Earns Coverage Optimism Score of 0.04 - May 3 at 3:04 PM logoApproach Resources Inc. (AREX) Set to Announce Earnings on Thursday - May 2 at 8:26 AM logoApproach Resources (AREX) Earning Somewhat Positive Media Coverage, Study Finds - April 30 at 1:33 PM logoApproach Resources Inc. (AREX) Short Interest Update - April 29 at 7:51 AM logoApproach Resources (AREX) Receiving Favorable Media Coverage, Analysis Finds - April 26 at 4:48 PM logoETFs with exposure to Approach Resources, Inc. : April 25, 2017 - April 25 at 3:36 PM logoApproach Resources Inc. (AREX) Receives Consensus Rating of "Hold" from Brokerages - April 24 at 3:16 PM logoApproach Resources: What I Think You Should Watch For - Seeking Alpha - April 23 at 3:41 PM logoApproach Resources (AREX) Earns Daily Media Impact Score of 0.17 - April 23 at 10:17 AM logoBrokers Set Expectations for Approach Resources Inc.'s FY2017 Earnings (AREX) - April 21 at 2:31 PM logoQ1 2017 EPS Estimates for Approach Resources Inc. (AREX) Lowered by KeyCorp - April 21 at 8:57 AM logoApproach Resources (AREX) Given Coverage Optimism Score of 0.06 - April 20 at 8:26 AM logo Analysts Expect Approach Resources Inc. (AREX) to Announce -$0.10 Earnings Per Share - April 17 at 6:17 PM logoVery Positive News Coverage Extremely Likely to Impact Approach Resources (AREX) Share Price - April 16 at 7:58 AM logoApproach Resources Inc. Schedules First Quarter 2017 Conference Call for Friday, May 5, 2017 - April 13 at 8:47 PM logoApproach Resources (AREX) Receives Media Sentiment Score of -0.07 - April 13 at 1:36 PM logoETFs with exposure to Approach Resources, Inc. : April 7, 2017 - April 7 at 8:39 PM logoApproach Resources (AREX) Presents At IPAA 23rd Annual Oil & Gas Investment Symposium - Slideshow - April 7 at 3:38 PM logoAPPROACH RESOURCES INC Files SEC form 8-K, Regulation FD Disclosure - April 3 at 3:58 PM logoApproach Resources Inc. Expected to Post Q1 2018 Earnings of ($0.06) Per Share (AREX) - April 3 at 11:00 AM logoApproach Resources Inc. to Present at 23rd Annual OGIS Conference - GlobeNewswire (press release) - March 30 at 9:05 PM logoApproach Resources Inc. to Present at 23rd Annual OGIS Conference - March 30 at 9:05 PM logoApproach Resources (AREX) Presents At Scotia Howard Weil 45th Annual Energy Conference - Slideshow - March 30 at 4:03 PM logoApproach Resources Inc. (AREX) Given Average Rating of "Hold" by Analysts - March 29 at 2:49 PM logoApproach Resources Inc. (AREX) PT Set at $3.00 by Scotiabank - March 28 at 6:43 PM logoApproach Resouces: Let The Growth Begin - March 22 at 4:07 PM logoApproach Resources Inc. to Post Q1 2017 Earnings of ($0.08) Per Share, KeyCorp Forecasts (AREX) - March 22 at 9:13 AM



Approach Resources (AREX) Chart for Friday, May, 26, 2017

This page was last updated on 5/26/2017 by Staff