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

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$1.8950 +0.03 (+1.61 %)
(As of 10/23/2018 04:00 PM ET)
Previous Close$1.86
Today's Range$1.73 - $1.90
52-Week Range$1.73 - $4.21
Volume279,175 shs
Average Volume465,370 shs
Market Capitalization$180.47 million
P/E Ratio-5.26
Dividend YieldN/A
Beta2.65
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.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
Current SymbolNASDAQ:AREX
Previous Symbol
CUSIP03834A10
Phone817-989-9000

Debt

Debt-to-Equity Ratio0.64
Current Ratio0.46
Quick Ratio0.46

Price-To-Earnings

Trailing P/E Ratio-5.26
Forward P/E Ratio-6.11
P/E GrowthN/A

Sales & Book Value

Annual Sales$105.35 million
Price / Sales1.70
Cash Flow$0.4773 per share
Price / Cash3.97
Book Value$7.02 per share
Price / Book0.27

Profitability

EPS (Most Recent Fiscal Year)($0.36)
Net Income$-112,350,000.00
Net Margins18.38%
Return on Equity-4.52%
Return on Assets-2.42%

Miscellaneous

Employees97
Outstanding Shares94,490,000
Market Cap$180.47 million
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 earnings results on Wednesday, August, 1st. The energy company reported ($0.07) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.07). The energy company had revenue of $30.33 million for the quarter, compared to analyst estimates of $28.16 million. Approach Resources had a negative return on equity of 4.52% and a net margin of 18.38%. View Approach Resources' Earnings History.

When is Approach Resources' next earnings date?

Approach Resources is scheduled to release their next quarterly earnings announcement on Wednesday, November 7th 2018. View Earnings Estimates for Approach Resources.

What price target have analysts set for AREX?

3 brokerages have issued twelve-month price targets for Approach Resources' stock. Their forecasts range from $3.00 to $3.00. On average, they expect Approach Resources' share price to reach $3.00 in the next year. This suggests a possible upside of 58.3% from the stock's current price. View Analyst Price Targets for Approach Resources.

What is the consensus analysts' recommendation for Approach Resources?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Approach Resources in the last year. There are currently 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Approach Resources.

Who are some of Approach Resources' key competitors?

Who are Approach Resources' key executives?

Approach Resources' management team includes the folowing people:
  • Mr. J. Ross Craft P.E., Founder, Chairman & CEO (Age 61)
  • Dr. Qingming Yang, Pres & COO (Age 55)
  • Mr. Sergei Krylov, Exec. VP& CFO (Age 41)
  • Mr. J. Curtis Henderson, Chief Admin. Officer & Corp. Sec. (Age 55)
  • Mr. Ian M. Shaw, Principal Accounting Officer (Age 35)

Who are Approach Resources' major shareholders?

Approach Resources' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include First Manhattan Co. (0.68%). Company insiders that own Approach Resources stock include Vean J Gregg III and Wilks Brothers, Llc. View Institutional Ownership Trends for Approach Resources.

Which major investors are selling Approach Resources stock?

AREX stock was sold by a variety of institutional investors in the last quarter, including First Manhattan Co.. 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 $1.8950.

How big of a company is Approach Resources?

Approach Resources has a market capitalization of $180.47 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.

What is Approach Resources' official website?

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

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)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  365 (Vote Outperform)
Underperform Votes:  429 (Vote Underperform)
Total Votes:  794
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.
This page was last updated on 10/23/2018 by MarketBeat.com Staff

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