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About Approach Resources (NASDAQ:AREX)
Approach Resources, Inc., an independent energy company, focuses on the acquisition, exploration, development, and production of unconventional oil and gas reserves in the United States. The company's properties are primarily located in the Permian Basin in west Texas. It also owns interests in east Texas Basin. As of December 31, 2017, its estimated proved reserves were 181.5 million barrels of oil equivalent located in Crockett and Schleicher counties, Texas. The company also owned and operated 813 producing oil and gas wells in the Permian Basin. Approach Resources, Inc. was incorporated in 2002 and is headquartered in Fort Worth, Texas.
Industry, Sector and Symbol
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
SymbolNASDAQ:AREX
CUSIP03834A10
Phone817-989-9000
Debt
Debt-to-Equity Ratio0.62
Current Ratio0.47
Quick Ratio0.47
Price-To-Earnings
Trailing P/E Ratio-8.42
Forward P/E Ratio-10.10
P/E GrowthN/A
Sales & Book Value
Annual Sales$105.35 million
Price / Sales2.72
Cash Flow$0.50 per share
Price / Cash6.06
Book Value$6.34 per share
Price / Book0.48
Profitability
EPS (Most Recent Fiscal Year)($0.36)
Net Income$-112,350,000.00
Net Margins19.45%
Return on Equity-5.10%
Return on Assets-2.67%
Miscellaneous
Employees97
Outstanding Shares94,630,000
Approach Resources (NASDAQ:AREX) Frequently Asked Questions
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) issued its quarterly earnings results on Wednesday, May, 2nd. The energy company reported ($0.07) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.06) by $0.01. The energy company had revenue of $28.77 million for the quarter, compared to analyst estimates of $29.15 million. Approach Resources had a negative return on equity of 5.10% and a net margin of 19.45%. View Approach Resources' Earnings History.
When is Approach Resources' next earnings date?
What price target have analysts set for AREX?
6 equities research analysts have issued 12 month target prices for Approach Resources' stock. Their forecasts range from $0.50 to $4.00. On average, they expect Approach Resources' stock price to reach $2.60 in the next twelve months. View Analyst Ratings for Approach Resources.
Who are some of Approach Resources' key competitors?
Some companies that are related to Approach Resources include Geopark (GPRK), Penn Virginia (PVAC), Chaparral Energy (CHPE), Halcon Resources (HK), Enbridge Energy Management (EEQ), EP Energy (EPE), Resolute Energy (REN), NOSTRUM OIL & G (NSTRY), Bonanza Creek Energy (BCEI), Stone Energy (SGY), Genel Energy (GEGYY), Earthstone Energy (ESTE), Dorchester Minerals (DMLP), Obsidian Energy (OBE) and Legacy Reserves (LGCY).
Who are Approach Resources' key executives?
Approach Resources' management team includes the folowing people:
- Mr. J. Ross Craft P.E., Founder, Chairman and Chief Exec. Officer (Age 61)
- Dr. Qingming Yang Ph.D., Pres and Chief Operating Officer (Age 55)
- Mr. Sergei Krylov, Chief Financial Officer and Exec. VP (Age 41)
- Mr. J. Curtis Henderson, Chief Admin. Officer and Corp. Sec. (Age 55)
- Mr. Ian M. Shaw, Principal Accounting Officer (Age 35)
Has Approach Resources been receiving favorable news coverage?
Media coverage about AREX stock has trended somewhat positive this week, Accern reports. The research group rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Approach Resources earned a news impact score of 0.11 on Accern's scale. They also assigned media headlines about the energy company an impact score of 45.92 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
Who are Approach Resources' major shareholders?
Approach Resources' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include WILKS BROTHERS, LLC (47.96%), Kayne Anderson Capital Advisors LP (8.00%), BlackRock Inc. (3.32%), New Generation Advisors LLC (2.10%), Guggenheim Capital LLC (1.10%) and GSA Capital Partners LLP (0.12%). Company insiders that own Approach Resources stock include Vean J Gregg III and Wilks Brothers, Llc. View Institutional Ownership Trends for Approach Resources.
Which institutional investors are selling Approach Resources stock?
Which institutional investors are buying Approach Resources stock?
AREX stock was bought by a variety of institutional investors in the last quarter, including Kayne Anderson Capital Advisors LP, KBC Group NV and GSA Capital Partners LLP. 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 shares of Approach Resources?
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, Scottrade, Fidelity and Charles Schwab.
What is Approach Resources' stock price today?
One share of AREX stock can currently be purchased for approximately $3.03.
How big of a company is Approach Resources?
Approach Resources has a market capitalization of $275.36 million and generates $105.35 million in revenue each year. The energy company earns $-112,350,000.00 in net income (profit) each year or ($0.36) on an earnings per share basis. Approach Resources employs 97 workers across the globe.
How can I contact Approach Resources?
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]
MarketBeat Community Rating for Approach Resources (AREX)
MarketBeat's community ratings are surveys of what our community members think about Approach Resources and other stocks. Vote "Outperform" if you believe AREX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AREX will underperform the S&P 500 over the long term. You may vote once every thirty days.
Approach Resources (NASDAQ:AREX) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
6 Wall Street analysts have issued ratings and price targets for Approach Resources in the last 12 months. Their average twelve-month price target is $2.60, suggesting that the stock has a possible downside of 14.19%. The high price target for AREX is $4.00 and the low price target for AREX is $0.50. There are currently 1 sell rating and 5 hold ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 1.83 | 1.80 | 2.00 | 2.00 |
| Ratings Breakdown: | 1 Sell Rating(s)
5 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
4 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
4 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
4 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $2.60 | $2.50 | $2.80 | $2.80 |
| Price Target Upside: | 14.19% downside | 6.84% upside | 19.66% upside | 19.66% upside |
Approach Resources (NASDAQ:AREX) Consensus Price Target History
Approach Resources (NASDAQ:AREX) Analyst Ratings History
Show:
(Data available from 5/23/2016 forward)
Approach Resources (NASDAQ:AREX) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Approach Resources (NASDAQ AREX) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 5.00%
Institutional Ownership Percentage: 20.92%
Approach Resources (NASDAQ AREX) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 1/12/2018 | Wilks Brothers, Llc | Major Shareholder | Buy | 200,000 | $4.04 | $808,000.00 | |  |
| 1/10/2018 | Wilks Brothers, Llc | Insider | Buy | 450,000 | $3.45 | $1,552,500.00 | | |
| 1/5/2018 | Wilks Brothers, Llc | Insider | Buy | 350,000 | $3.18 | $1,113,000.00 | | |
| 1/3/2018 | Wilks Brothers, Llc | Major Shareholder | Buy | 150,000 | $3.20 | $480,000.00 | | |
| 12/28/2017 | Wilks Brothers, Llc | Major Shareholder | Buy | 150,000 | $3.09 | $463,500.00 | | |
| 12/27/2017 | Wilks Brothers, Llc | Insider | Buy | 350,000 | $2.86 | $1,001,000.00 | | |
| 12/26/2017 | Wilks Brothers, Llc | Major Shareholder | Buy | 150,000 | $3.05 | $457,500.00 | | |
| 12/20/2017 | Wilks Brothers, Llc | Insider | Buy | 600,000 | $2.81 | $1,686,000.00 | | |
| 12/18/2017 | Wilks Brothers, Llc | Insider | Buy | 550,000 | $2.59 | $1,424,500.00 | | |
| 12/15/2017 | Wilks Brothers, Llc | Major Shareholder | Buy | 200,000 | $2.57 | $514,000.00 | | |
| 12/13/2017 | Wilks Brothers, Llc | Insider | Buy | 660,113 | $2.47 | $1,630,479.11 | | |
| 12/11/2017 | Wilks Brothers, Llc | Major Shareholder | Buy | 50,000 | $2.53 | $126,500.00 | | |
| 12/6/2017 | Wilks Brothers, Llc | Major Shareholder | Buy | 29,285 | $2.39 | $69,991.15 | | |
| 12/4/2017 | Wilks Brothers, Llc | Major Shareholder | Buy | 200,000 | $2.39 | $478,000.00 | | |
| 6/22/2017 | Wilks Brothers, Llc | Insider | Buy | 100,000 | $2.42 | $242,000.00 | | |
| 6/21/2017 | Wilks Brothers, Llc | Insider | Buy | 288,000 | $2.58 | $743,040.00 | | |
| 6/20/2017 | Wilks Brothers, Llc | Major Shareholder | Buy | 100,000 | $2.56 | $256,000.00 | | |
| 6/19/2017 | Wilks Brothers, Llc | Major Shareholder | Buy | 88,000 | $2.72 | $239,360.00 | | |
| 6/16/2017 | Wilks Brothers, Llc | Insider | Buy | 300,000 | $2.79 | $837,000.00 | | |
| 6/13/2017 | Wilks Brothers, Llc | Insider | Buy | 350,000 | $2.77 | $969,500.00 | | |
| 6/8/2017 | Wilks Brothers, Llc | Insider | Buy | 300,000 | $2.70 | $810,000.00 | | |
| 6/2/2017 | Wilks Brothers, Llc | Insider | Buy | 200,000 | $2.61 | $522,000.00 | | |
| 5/30/2017 | Wilks Brothers, Llc | Insider | Buy | 100,000 | $2.70 | $270,000.00 | | |
| 5/25/2017 | Wilks Brothers, Llc | Insider | Buy | 375,000 | $2.79 | $1,046,250.00 | | |
| 5/19/2017 | Wilks Brothers, Llc | Insider | Buy | 150,000 | $2.89 | $433,500.00 | | |
| 5/16/2017 | Wilks Brothers, Llc | Insider | Buy | 150,000 | $3.03 | $454,500.00 | | |
| 5/15/2017 | Wilks Brothers, Llc | Insider | Buy | 150,000 | $2.97 | $445,500.00 | | |
| 5/10/2017 | Vean J Gregg III | Director | Buy | 10,000 | $3.00 | $30,000.00 | 131,749 | |
| 5/10/2017 | Wilks Brothers, Llc | Insider | Buy | 200,000 | $2.81 | $562,000.00 | | |
| 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 | 923,135 | |
| 10/4/2013 | Ralph Manoushagian | EVP | Sell | 2,888 | $30.00 | $86,640.00 | 256,650 | |
| 10/4/2013 | Steven Smart | CFO | Sell | 3,400 | $30.00 | $102,000.00 | 332,924 | |
| 8/1/2013 | J Curtis Henderson | EVP | Sell | 10,000 | $28.00 | $280,000.00 | 307,775 | |
| 8/1/2013 | J. Ross Craft | CEO | Sell | 5,000 | $28.00 | $140,000.00 | 934,807 | |
| 8/1/2013 | Steven Smart | CFO | Sell | 1,700 | $28.00 | $47,600.00 | 338,024 | |
| 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)
Approach Resources (NASDAQ AREX) News Headlines
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Approach Resources (NASDAQ:AREX) SEC Filings
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Approach Resources (NASDAQ:AREX) Income Statement, Balance Sheet and Cash Flow Statement
Approach Resources (NASDAQ AREX) Stock Chart for Wednesday, May, 23, 2018
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