Approach Resources, Inc, an independent energy company, focuses on the acquisition, exploration, development, and production of unconventional oil and gas reserves. 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, 2018, its estimated proved reserves were 180.1 million barrels of oil equivalent located in Crockett and Schleicher counties, Texas.
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Industry, Sector and Symbol
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
Phone817-989-9000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$114.04 million
Profitability
Miscellaneous
Employees99
Next Earnings Date11/14/2019 (Estimated)
OptionableOptionable
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) released its quarterly earnings results on Thursday, August, 8th. The energy company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks' 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 net margin of 38.00% and a negative return on equity of 5.64%. View Approach Resources' Earnings History.
When is Approach Resources' next earnings date?
What price target have analysts set for AREX?
2 equities research analysts have issued 1-year target prices for Approach Resources' shares. Their forecasts range from $0.40 to $0.40. On average, they expect Approach Resources' share price to reach $0.40 in the next twelve months. This suggests a possible upside of 233.3% from the stock's current price. View Analyst Price Targets for Approach Resources.
What is the consensus analysts' recommendation 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.
Has Approach Resources been receiving favorable news coverage?
Media coverage about AREX stock has trended neutral on Wednesday, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Approach Resources earned a daily sentiment score of 0.2 on InfoTrie's scale. They also gave media headlines about the energy company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the immediate future. View News Stories for Approach Resources.
Who are some of Approach Resources' key competitors?
Some companies that are related to Approach Resources include ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Diamondback Energy (FANG), Concho Resources (CXO), Continental Resources (CLR), Noble Energy (NBL), Marathon Oil (MRO), Apache (APA), Devon Energy (DVN), Cabot Oil & Gas (COG), Cimarex Energy (XEC), WPX Energy (WPX), EQT (EQT) and Kosmos Energy (KOS).
What other stocks do shareholders of Approach Resources own?
Who are Approach Resources' key executives?
Approach Resources' management team includes the folowing people:
- Mr. Sergei Krylov, CEO & CFO (Age 42)
- Mr. J. Curtis Henderson, Chief Admin. Officer (Age 56)
- Mr. Ian M. Shaw, Chief Accounting Officer (Age 35)
- Mr. Joshua E. Dazey, VP, Gen. Counsel & Corp. Sec.
- Mr. Troy A. Hoefer, Sr. VP of Engineering
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, Robinhood, Fidelity and Charles Schwab.
What is Approach Resources' stock price today?
One share of AREX stock can currently be purchased for approximately $0.12.
How big of a company is Approach Resources?
Approach Resources has a market capitalization of $11.24 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.
What is Approach Resources' official website?
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 (NASDAQ 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.
