Approach Resources Company Profile (NASDAQ:AREX)

About Approach Resources

Approach 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: $2.93
50 Day Moving Average: $2.91
200 Day Moving Average: $2.26
52-Week Range: $41,564,000.00 - $0.60
Trailing P/E Ratio: N/A
Foreward P/E Ratio: -3.82
P/E Growth: -0.57
Market Cap: $117.63M
Outstanding Shares: 41,564,000
Beta: 2.79

Profitability:

Net Margins: -185.20%
Return on Equity: -5.72%
Return on Assets: -2.93%

Debt:

Debt-to-Equity Ratio: 0.86%
Current Ratio: 0.43%
Quick Ratio: 0.43%

Additional Links:

Companies Related to Approach Resources:

Consensus Ratings for Approach Resources (NASDAQ:AREX) (?)

Ratings Breakdown:	1 Sell Rating, 1 Hold Rating
Consensus Rating:	Hold (Score: 1.50)
Consensus Price Target:	$2.25 (20.49% downside)

Analysts' Ratings History for Approach Resources (NASDAQ:AREX)

Show:

Date	Firm	Action	Rating	Price Target
7/11/2016	Wunderlich	Boost Price Target	Hold	$3.50 -> $4.00
2/5/2016	Robert W. Baird	Lower Price Target		$3.00 -> $1.00
1/26/2016	Clarkson Capital	Downgrade	Neutral -> Sell
1/19/2016	KLR Group	Lower Price Target		$4.00 -> $2.00
11/10/2015	SunTrust Banks Inc.	Boost Price Target		$1.50 -> $2.00
9/9/2015	Macquarie	Downgrade	Outperform -> Neutral	$5.50 -> $3.00
8/27/2015	Sterne Agee CRT	Reiterated Rating	Underperform	$2.00 -> $1.00
8/14/2015	Howard Weil	Lower Price Target		$8.00 -> $4.00
8/7/2015	Northland Securities	Lower Price Target	Market Perform	$8.00 -> $3.00
8/7/2015	Royal Bank Of Canada	Lower Price Target	Outperform	$10.00 -> $9.00
8/6/2015	BMO Capital Markets	Lower Price Target	Market Perform	$7.50 -> $3.50
7/21/2015	Seaport Global Securities	Lower Price Target	Neutral	$6.50 -> $4.00
5/11/2015	Canaccord Genuity	Set Price Target	Hold	$7.50
2/10/2015	Miller Tabak	Downgrade	Hold -> Sell	$7.00 -> $5.00
1/12/2015	Stephens	Downgrade	Equal Weight -> Underweight
12/1/2014	KeyCorp	Downgrade	Buy -> Hold
11/10/2014	Wells Fargo & Co.	Lower Price Target	Outperform	$24.00 -> $18.00
11/10/2014	Mizuho	Lower Price Target	Neutral	$15.00 -> $12.00

(Data available from 9/26/2014 forward)

Earnings History for Approach Resources (NASDAQ:AREX)

Date	Quarter	Consensus Estimate	Actual EPS	Revenue Estimate	Actual Revenue	Release Link	Conference Call
11/2/2016
8/3/2016	Q216	($0.29)	($0.25)	$22.27 million	$22.43 million	View	N/A
5/4/2016	Q116	($0.32)	($0.32)	$22.33 million	$17.60 million	View	N/A
3/3/2016	Q415	($0.17)	($0.12)	$36.61 million	$25.50 million	View	N/A
11/4/2015	Q315	($0.16)	($0.14)	$41.78 million	$33.94 million	View	N/A
8/5/2015	Q215	($0.07)	($0.07)	$45.76 million	$38.61 million	View	N/A
5/6/2015	Q115	($0.02)	($0.03)	$7.60 million	$33.30 million	View	N/A
2/25/2015		$0.10	$0.12			View	N/A
11/6/2014	Q314	$0.22	$0.27	$70.54 million	$68.10 million	View	N/A
8/4/2014	Q214	$0.23	$0.22	$66.06 million	$73.41 million	View	N/A
5/8/2014	Q114	$0.22	$0.17	$59.95 million	$61.93 million	View	N/A
2/24/2014	Q413	$0.15	$0.20	$56.97 million	$58.60 million	View	N/A
11/8/2013	Q313	$0.07	$0.07	$46.03 million	$44.20 million	View	Listen
8/1/2013	Q2 2013	$0.06	$0.13	$41.70 million	$42.30 million	View	Listen
5/2/2013	Q1 2013	$0.01	$0.06	$36.98 million	$36.27 million	View	Listen
2/21/2013	Q4 2012		($0.02)	$35.53 million	$35.31 million	View	Listen
11/5/2012		$0.05	$0.01	$33.12 million	$33.04 million	View	N/A
5/3/2012		$0.18	$0.10			View	N/A

(Data available from 1/1/2011 forward)

Earnings Estimates for Approach Resources (NASDAQ:AREX)

Current Year EPS Consensus Estimate: $-1.02 EPS
Next Year EPS Consensus Estimate: $-0.74 EPS

Quarter	Number of Estimates	Low Estimate	High Estimate	Average Estimate
Q1 2016	2	($0.34)	($0.27)	($0.31)
Q2 2016	2	($0.32)	($0.24)	($0.28)
Q3 2016	2	($0.30)	($0.22)	($0.26)
Q4 2016	2	($0.29)	($0.18)	($0.24)
Q1 2017	2	($0.23)	($0.19)	($0.21)
Q2 2017	2	($0.22)	($0.18)	($0.20)
Q3 2017	2	($0.20)	($0.17)	($0.19)
Q4 2017	2	($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 MarketBeat.com

Insider Trading History for Approach Resources (NASDAQ:AREX)

Insider Ownership Percentage: 12.40%
Institutional Ownership Percentage: 53.45%

Transaction Date	Insider Name	Title	Buy/Sell	Number of Shares	Average Share Price	Total Transaction
11/13/2014	Vean J Gregg III	Director	Buy	10,000	$11.88	$118,800.00
11/10/2014	Sheldon B Lubar	Director	Buy	10,000	$10.61	$106,100.00
11/1/2013	J. Ross Craft	CEO	Sell	2,500	$28.06	$70,150.00
10/4/2013	J. Ross Craft	CEO	Sell	6,672	$30.00	$200,160.00
10/4/2013	Ralph Manoushagian	EVP	Sell	2,888	$30.00	$86,640.00
10/4/2013	Steven Smart	CFO	Sell	3,400	$30.00	$102,000.00
8/1/2013	J Curtis Henderson	EVP	Sell	10,000	$28.00	$280,000.00
8/1/2013	J. Ross Craft	CEO	Sell	5,000	$28.00	$140,000.00
8/1/2013	Steven Smart	CFO	Sell	1,700	$28.00	$47,600.00
7/15/2013	J. Ross Craft	CEO	Sell	9,000	$25.97	$233,730.00
6/12/2013	Ralph P Manoushagian	EVP	Sell	6,000	$24.76	$148,560.00
6/12/2013	Steven P Smart	CFO	Sell	5,000	$24.78	$123,900.00
9/13/2012	Ralph P Manoushagian	EVP	Sell	2,166	$34.00	$73,644.00

(Data available from 1/1/2013 forward)

Latest Headlines for Approach Resources (NASDAQ:AREX)

Date	Headline
	Keen Investors Find News on Approach Resources, Inc. (NASDAQ:AREX) - Duncan Research (NASDAQ:AREX) www.duncanindependent.com - September 24 at 3:31 PM
	Stock to Watch: Pernix Therapeutics Holdings, Inc. (NASDAQ:PTX), Approach Resources Inc. (NASDAQ:AREX) - Newburgh Press (NASDAQ:AREX) newburghpress.com - September 22 at 3:32 PM
	Market Mover - Approach Resources, Inc.'s (AREX) - Hot Stocks Point (NASDAQ:AREX) www.hotstockspoint.com - September 22 at 3:32 PM
	Approach Resources Inc. (NASDAQ:AREX) Quarterly Analysis - Newburgh Press (NASDAQ:AREX) newburghpress.com - September 21 at 4:30 PM
	Penny Stock Investors Keen on Shares of Approach Resources, Inc. (NASDAQ:AREX) - Duncan Research (NASDAQ:AREX) www.duncanindependent.com - September 21 at 4:30 PM
	How Approach Resources, Inc. (NASDAQ:AREX) trades after earning announcements? - The Independent Republic (NASDAQ:AREX) theindependentrepublic.com - September 21 at 4:30 PM
	Analysts Expect Approach Resources Inc. (NASDAQ:AREX) To Post EPS Of $-0.19 - Investor Newswire (NASDAQ:AREX) www.investornewswire.com - September 20 at 3:33 PM
	Penny Stock Investors Take an Interest in Approach Resources, Inc. (NASDAQ:AREX) - Duncan Research (NASDAQ:AREX) www.duncanindependent.com - September 20 at 3:33 PM
	A Recent Claim That Oil Futures Are Set to Rally (NASDAQ:AREX) www.prnewswire.com - September 19 at 4:29 PM
	Earnings According to Analysts for Approach Resources Inc. (NASDAQ:AREX)? - Frisco Fastball (NASDAQ:AREX) friscofastball.com - September 18 at 8:21 AM
	Arnold Schneider Adds to Approach Resources - Nasdaq (NASDAQ:AREX) www.nasdaq.com - September 17 at 3:33 PM
	Keen Investors Seek Information on Approach Resources, Inc. (NASDAQ:AREX) - Duncan Research (NASDAQ:AREX) www.duncanindependent.com - September 16 at 3:32 PM
	Arnold Schneider Adds to Approach Resources (NASDAQ:AREX) finance.yahoo.com - September 16 at 3:32 PM
	Analysts Roundup at Gainers/Losers- QEP Resources, Inc. (NYSE:QEP), Approach Resources, Inc. (NASDAQ:AREX) - Seneca Globe (NASDAQ:AREX) www.senecaglobe.com - September 15 at 8:42 PM
	ETF’s with exposure to Approach Resources, Inc. : September 15, 2016 (NASDAQ:AREX) www.capitalcube.com - September 15 at 12:27 PM
	Mid-Morning Market Update: Markets Open Lower; Renesas Electronics To Acquire Intersil For $22.50/Share - Benzinga (NASDAQ:AREX) www.benzinga.com - September 13 at 3:33 PM
	12 Biggest Mid-Day Losers For Tuesday - Benzinga (NASDAQ:AREX) www.benzinga.com - September 13 at 3:33 PM
	12 Biggest Mid-Day Losers For Tuesday (NASDAQ:AREX) feeds.benzinga.com - September 13 at 2:27 PM
	Approach Resources Inc. (NASDAQ:AREX) Mean Price Target Is $4.25 - RealistInvestor.com (NASDAQ:AREX) www.realistinvestor.com - September 13 at 8:23 AM
	Which way Approach Resources, Inc. (NASDAQ:AREX) earnings may go - The Voice Registrar (NASDAQ:AREX) voiceregistrar.com - September 10 at 8:21 AM
	Stock Seen Gapping Down Before Market Open: Approach Resources, Inc. (NASDAQ:AREX) - National Daily Press (NASDAQ:AREX) www.nationaldailypress.com - September 9 at 3:33 PM
	Two Basic Materials Stocks Are Hot: Approach Resources, Inc. (AREX), AK Steel Holding Corporation (AKS) - The Independent Republic (NASDAQ:AREX) theindependentrepublic.com - September 9 at 8:22 AM
	Approach Resources Inc. (NASDAQ: AREX) shares touch new 52-week high - BNB Daily (blog) (NASDAQ:AREX) www.baseball-news-blog.com - September 8 at 10:20 AM
	Mid-Morning Market Update: Markets Mostly Flat; HD Supply Misses Q2 Views - Benzinga (NASDAQ:AREX) www.benzinga.com - September 7 at 12:41 PM
	Approach Resources Inc. (NASDAQ: AREX) hits new 52-week high - BNB Daily (blog) (NASDAQ:AREX) www.baseball-news-blog.com - September 7 at 12:41 PM
	Mid-Day Market Update: Navistar Rises After Strategic Alliance With Volkswagen Truck & Bus; Tonix Shares Drop - Benzinga (NASDAQ:AREX) www.benzinga.com - September 6 at 3:38 PM
	Analysts Valuations For Two Stocks: Approach Resources Inc ... - The Voice Registrar (NASDAQ:AREX) voiceregistrar.com - September 5 at 8:25 AM
	Approach Resources Inc. (NASDAQ:AREX)'s Growth Forecast - RealistInvestor.com (NASDAQ:AREX) www.realistinvestor.com - September 4 at 3:30 PM
	Shares Gapping Lower Before the Open: Approach Resources, Inc. (NASDAQ:AREX) - Post News (NASDAQ:AREX) www.kentuckypostnews.com - September 1 at 12:00 PM
	ETF’s with exposure to Approach Resources, Inc. : August 30, 2016 (NASDAQ:AREX) www.capitalcube.com - August 30 at 3:32 PM
	Approach Resources Inc. (NASDAQ:AREX) Analyst Opinion - The Independent Republic (NASDAQ:AREX) theindependentrepublic.com - August 30 at 10:46 AM
	Mid-Morning Market Update: Markets Mostly Flat; G-III Apparel Misses Q2 Expectations - Benzinga (NASDAQ:AREX) www.benzinga.com - August 30 at 10:46 AM
	Approach Resources, Inc. (NASDAQ:AREX) To Report September 2016 Results - The Voice Registrar (NASDAQ:AREX) voiceregistrar.com - August 27 at 8:22 AM
	Why Approach Resources (AREX) Stock Might be a Great Pick (NASDAQ:AREX) finance.yahoo.com - August 23 at 3:35 PM
	Let's Take a Closer Look at Approach Resources, Inc. (NASDAQ:AREX) - Duncan Research (NASDAQ:AREX) www.duncanindependent.com - August 23 at 7:25 AM
	Mid-Afternoon Market Update: CIFC Rises Following Acquisition News; Marathon Oil Shares Slide (NASDAQ:AREX) www.nasdaq.com - August 22 at 8:41 PM
	Here's The Growth Forecast For Approach Resources Inc. (NASDAQ:AREX) - RealistInvestor.com (NASDAQ:AREX) www.realistinvestor.com - August 21 at 3:31 PM
	Approach Resources, Inc.'s (AREX): ): Investors Recap - Hot Stocks Point (NASDAQ:AREX) www.hotstockspoint.com - August 18 at 11:58 AM
	Approach Resources (AREX) Catches Eye: Stock Jumps 5.2% - Nasdaq (NASDAQ:AREX) www.nasdaq.com - August 18 at 11:58 AM
	How is the Crowd Rating Approach Resources Inc. (NASDAQ:AREX)? - Post News (NASDAQ:AREX) www.kentuckypostnews.com - August 17 at 3:37 PM
	Approach Resources Inc. – Day Two Breakout Notes (NASDAQ:AREX) www.oilandgas360.com - August 17 at 11:46 AM
	Approach Resources (AREX) Catches Eye: Stock Jumps 5.2% (NASDAQ:AREX) finance.yahoo.com - August 17 at 11:46 AM
	Key Takeaways From Approach Resources Inc. (NASDAQ: AREX)'s 2Q - Scibility Media (NASDAQ:AREX) scibilitymedia.com - August 15 at 3:38 PM
	APPROACH RESOURCES INC Financials (NASDAQ:AREX) finance.yahoo.com - August 11 at 3:36 PM
	ETF’s with exposure to Approach Resources, Inc. : August 11, 2016 (NASDAQ:AREX) www.capitalcube.com - August 11 at 12:48 PM
	Approach Resources, Inc. :AREX-US: Earnings Analysis: Q2, 2016 By the Numbers : August 9, 2016 (NASDAQ:AREX) www.capitalcube.com - August 9 at 12:22 PM
	Approach Resources (AREX) Shares are Up 8.43% - Trade Calls (NASDAQ:AREX) www.tradecalls.org - August 8 at 8:21 AM
	Approach Resources Inc. (NASDAQ:AREX) Mean Price Target At $4.333 - RealistInvestor.com (NASDAQ:AREX) www.realistinvestor.com - August 7 at 3:34 PM
	Approach Resources Inc. (AREX) Jumps 14.09% on August 04 - Equities.com (NASDAQ:AREX) www.equities.com - August 6 at 3:49 PM
	Approach Resources Inc. (AREX) Jumps 5.88% on August 05 - Equities.com (NASDAQ:AREX) www.equities.com - August 5 at 8:57 PM