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-6.97
Forward P/E Ratio-8.96
P/E GrowthN/A
Sales & Book Value
Annual Sales$105.35 million
Price / Sales2.25
Cash Flow$0.5071 per share
Price / Cash4.95
Book Value$7.02 per share
Price / Book0.36
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) released its quarterly earnings results on Wednesday, May, 2nd. The energy company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.06) by $0.01. The energy company had revenue of $28.77 million for the quarter, compared to analysts' expectations 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 brokers have issued 12-month price objectives for Approach Resources' shares. Their forecasts range from $0.50 to $4.00. On average, they anticipate Approach Resources' stock price to reach $2.60 in the next year. View Analyst Ratings for Approach Resources.
Who are some of Approach Resources' key competitors?
Some companies that are related to Approach Resources include Enbridge Energy Management (EEQ), Chaparral Energy (CHPE), Resolute Energy (REN), Stone Energy (SGY), Enterprise GP Holdings L.P. common stock (EPE), Bonanza Creek Energy (BCEI), Halcon Resources (HK), Dorchester Minerals (DMLP), Advantage Oil & Gas (AAV), Obsidian Energy (OBE), SandRidge Energy (SD), NOSTRUM OIL & G/ADR (NSTRY), TETRA Technologies (TTI), Hess Midstream Partners (HESM) and Eclipse Resources (ECR).
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?
News headlines about AREX stock have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Approach Resources earned a media sentiment score of 0.18 on Accern's scale. They also gave news articles about the energy company an impact score of 47.89 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
Who are Approach Resources' major shareholders?
Approach Resources' stock is owned by a number of of institutional and retail 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 acquired 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 $2.51.
How big of a company is Approach Resources?
Approach Resources has a market capitalization of $225.21 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.
