NASDAQ:AREX - Approach Resources Stock Price, Forecast & News

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

Approach Resources Inc. (NASDAQ:AREX) issued its earnings results on Thursday, August, 8th. The energy company reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.10) by $0.04. The energy company had revenue of $14.72 million for the quarter, compared to the consensus estimate of $20.61 million. Approach Resources had a negative return on equity of 5.64% and a negative net margin of 38.00%. View Approach Resources' Earnings History.

Approach Resources is scheduled to release their next quarterly earnings announcement on Monday, March 16th 2020. View Earnings Estimates for Approach Resources.

2 equities research analysts have issued 12-month price objectives for Approach Resources' shares. Their forecasts range from $0.40 to $0.40. On average, they anticipate Approach Resources' share price to reach $0.40 in the next year. This suggests a possible upside of 2,566.7% from the stock's current price. View Analyst Price Targets 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.

News stories about AREX stock have been trending somewhat positive this week, according to InfoTrie Sentiment. The research firm ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Approach Resources earned a media sentiment score of 1.8 on InfoTrie's scale. They also gave news articles about the energy company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Approach Resources.

Some companies that are related to Approach Resources include ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Concho Resources (CXO), Diamondback Energy (FANG), Apache (APA), Continental Resources (CLR), Noble Energy (NBL), Devon Energy (DVN), Marathon Oil (MRO), Cabot Oil & Gas (COG), WPX Energy (WPX), Cimarex Energy (XEC), Kosmos Energy (KOS) and Matador Resources (MTDR).

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).

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.

One share of AREX stock can currently be purchased for approximately $0.02.

Approach Resources has a market capitalization of $1.40 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.

The official website for Approach Resources is http://www.approachresources.com/.

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]