Approach Resources Company Profile (NASDAQ:AREX)

About Approach Resources (NASDAQ:AREX)

Approach Resources logoApproach Resources Inc. is an independent energy company. The Company is focused on the exploration, development, production and acquisition of unconventional oil and gas reserves in the Midland Basin of the greater Permian Basin in West Texas. The Company's business segment is the exploration and production of oil, natural gas liquids (NGLs) and natural gas. The Company's assets cover an area of approximately 126,000 net acres. Its proved reserves are approximately 166.6 million barrels of oil equivalent. The Company's proved reserves are primarily located in Crockett and Schleicher Counties, Texas. The Company's Permian Basin acreage is known as the Project Pangea. The Company owns and operates approximately 800 producing oil and gas wells in the Permian Basin. The Company, through a joint venture with EnCana Oil & Gas (USA) Inc., holds interests in the approximately 3,000 gross acre project in Limestone and Robertson Counties, Texas, in the East Texas Cotton Valley trend.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Exploration and Production - NEC
  • Sub-Industry: Oil & Gas Exploration & Production
  • Symbol: NASDAQ:AREX
  • CUSIP: 03834A10
  • Web: www.approachresources.com
Capitalization:
  • Market Cap: $244.18 million
  • Outstanding Shares: 70,409,000
Average Prices:
  • 50 Day Moving Avg: $2.89
  • 200 Day Moving Avg: $2.76
  • 52 Week Range: $1.35 - $4.35
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -9.41
  • P/E Growth: -2.83
Sales & Book Value:
  • Annual Revenue: $99.04 million
  • Price / Sales: 2.14
  • Book Value: $7.93 per share
  • Price / Book: 0.38
Profitability:
  • EBIDTA: $39.48 million
  • Net Margins: -181.09%
  • Return on Equity: -6.87%
  • Return on Assets: -3.51%
Debt:
  • Debt-to-Equity Ratio: 0.64%
  • Current Ratio: 0.41%
  • Quick Ratio: 0.41%
Misc:
  • Average Volume: 934,573 shs.
  • Beta: 2.8
  • Short Ratio: 9.45
 
Frequently Asked Questions for Approach Resources (NASDAQ:AREX)

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) announced its quarterly earnings data on Thursday, May, 4th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.11) by $0.00. The company earned $26.40 million during the quarter, compared to analysts' expectations of $25.96 million. Approach Resources had a negative net margin of 181.09% and a negative return on equity of 6.87%. The business's quarterly revenue was up 50.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.32) EPS. View Approach Resources' Earnings History.

When will Approach Resources make its next earnings announcement?

Approach Resources is scheduled to release their next quarterly earnings announcement on Wednesday, August, 2nd 2017. View Earnings Estimates for Approach Resources.

Where is Approach Resources' stock going? Where will Approach Resources' stock price be in 2017?

5 brokerages have issued 1 year price objectives for Approach Resources' shares. Their predictions range from $0.50 to $5.50. On average, they expect Approach Resources' share price to reach $3.25 in the next twelve months. View Analyst Ratings for Approach Resources.

What are analysts saying about Approach Resources stock?

Here are some recent quotes from research analysts about Approach Resources stock:

  • 1. According to Zacks Investment Research, "Approach Resources Inc. is an independent energy company engaged in the exploration, development, exploitation, production and acquisition of unconventional natural gas and oil properties onshore in the United States and Western Canada. The Company focuses its growth efforts primarily on finding and developing natural gas reserves in known tight gas sands and shale areas. The Company currently operates in Texas, New Mexico and Kentucky and has a non-operating interest in Western Canada. " (7/18/2017)
  • 2. KLR Group analysts commented, "We are decreasing our target price $0.25 to $4 following numerous model refinements including higher operating expenses and lower natural gas price realizations partly offset by an improvement in capital productivity (now modeling wells recover ~675 Mboe, up from ~650 Mboe previously) and higher NGL price realizations. Our target price is anchored on a mid-cycle $80 oil and $4 natural gas price deck. Approach generates a '19 capital yield of ~130% vs. the industry median of ~145%." (3/14/2017)

Who are some of Approach Resources' key competitors?

Who are Approach Resources' key executives?

Approach Resources' management team includes the folowing people:

  • J. Ross Craft P.E., Chairman of the Board, Chief Executive Officer
  • Qingming Yang Ph.D, President, Chief Operating Officer
  • Sergei Krylov, Chief Financial Officer, Executive Vice President, Chief Accounting Officer
  • J. Curtis Curtis Henderson, Chief Administrative Officer, Corporate Secretary
  • Vean J. Gregg III, Lead Independent Director
  • Alan D. Bell, Independent Director
  • James H. Brandi, Independent Director
  • James C. Crain, Independent Director
  • Matthew R. Kahn, Independent Director

Who owns Approach Resources stock?

Approach Resources' stock is owned by a variety of of retail and institutional investors. Top institutional investors include WILKS BROTHERS, LLC (47.78%), WILKS BROTHERS, LLC (46.70%) and Russell Investments Group Ltd. (0.57%). Company insiders that own Approach Resources stock include Vean J Gregg III and Wilks Brothers, Llc. View Institutional Ownership Trends for Approach Resources.

Who sold Approach Resources stock? Who is selling Approach Resources stock?

Approach Resources' stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd.. View Insider Buying and Selling for Approach Resources.

How do I buy Approach Resources stock?

Shares of Approach Resources can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Approach Resources' stock price today?

One share of Approach Resources stock can currently be purchased for approximately $3.01.


MarketBeat Community Rating for Approach Resources (NASDAQ AREX)
Community Ranking:  2.2 out of 5 ( )
Outperform Votes:  256 (Vote Outperform)
Underperform Votes:  329 (Vote Underperform)
Total Votes:  585
MarketBeat's community ratings are surveys of what our community members think about Approach Resources and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Approach Resources (NASDAQ:AREX) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Sell Rating, 2 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.20)
Consensus Price Target: $3.25 (7.97% upside)

Analysts' Ratings History for Approach Resources (NASDAQ:AREX)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
7/1/2017ScotiabankSet Price TargetHold$3.00MediumView Rating Details
6/21/2017Seaport Global SecuritiesDowngradeNeutral -> Sell$3.00 -> $0.50HighView Rating Details
3/14/2017KLR GroupReiterated RatingBuy$4.25 -> $4.00LowView Rating Details
10/26/2016SunTrust Banks, Inc.UpgradeReduce -> HoldN/AView Rating Details
10/26/2016WunderlichUpgradeHold -> Buy$4.00 -> $5.50N/AView Rating Details
2/5/2016Robert W. BairdLower Price Target$3.00 -> $1.00N/AView Rating Details
1/26/2016Clarkson CapitalDowngradeNeutral -> SellN/AView Rating Details
9/9/2015MacquarieDowngradeOutperform -> Neutral$5.50 -> $3.00N/AView Rating Details
8/27/2015Sterne Agee CRTReiterated RatingUnderperform$2.00 -> $1.00N/AView Rating Details
8/14/2015Howard WeilLower Price Target$8.00 -> $4.00N/AView Rating Details
8/7/2015Northland SecuritiesLower Price TargetMarket Perform$8.00 -> $3.00N/AView Rating Details
8/7/2015Royal Bank Of CanadaLower Price TargetOutperform$10.00 -> $9.00N/AView Rating Details
8/6/2015BMO Capital MarketsLower Price TargetMarket Perform$7.50 -> $3.50N/AView Rating Details
(Data available from 7/26/2015 forward)

Earnings

Earnings History for Approach Resources (NASDAQ:AREX)
Earnings by Quarter for Approach Resources (NASDAQ:AREX)
Earnings History by Quarter for Approach Resources (NASDAQ AREX)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
8/1/2017($0.08)N/AView Earnings Details
5/4/2017Q1 2017($0.11)($0.11)$25.96 million$26.40 millionViewListenView Earnings Details
3/9/2017Q4 2016($0.19)($0.27)$26.04 million$26.51 millionViewListenView Earnings Details
11/2/2016Q316($0.24)($0.23)$24.80 million$23.70 millionViewListenView Earnings Details
8/3/2016Q216($0.27)($0.25)$22.27 million$22.43 millionViewN/AView Earnings Details
5/4/2016Q116($0.32)($0.32)$22.33 million$17.60 millionViewN/AView Earnings Details
3/3/2016Q415($0.17)($0.12)$36.61 million$25.50 millionViewN/AView Earnings Details
11/4/2015Q315($0.16)($0.14)$41.78 million$33.94 millionViewN/AView Earnings Details
8/5/2015Q215($0.07)($0.07)$45.76 million$38.61 millionViewN/AView Earnings Details
5/6/2015Q115($0.02)($0.03)$7.60 million$33.30 millionViewN/AView Earnings Details
11/5/2014Q314$0.22$0.27$70.54 million$68.10 millionViewN/AView Earnings Details
8/4/2014Q214$0.23$0.22$66.06 million$73.41 millionViewN/AView Earnings Details
5/8/2014Q114$0.21$0.17$59.95 million$61.93 millionViewN/AView Earnings Details
2/24/2014Q413$0.15$0.20$56.97 million$58.60 millionViewN/AView Earnings Details
11/8/2013Q313$0.07$0.07$46.03 million$44.20 millionViewListenView Earnings Details
8/1/2013Q2 2013$0.06$0.13$41.70 million$42.30 millionViewListenView Earnings Details
5/2/2013Q1 2013$0.01$0.06$36.98 million$36.27 millionViewListenView Earnings Details
2/21/2013Q4 2012($0.02)$35.53 million$35.31 millionViewListenView Earnings Details
11/5/2012$0.05$0.01$33.12 million$33.04 millionViewN/AView Earnings Details
5/3/2012$0.18$0.10ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Approach Resources (NASDAQ:AREX)
2017 EPS Consensus Estimate: ($0.45)
2018 EPS Consensus Estimate: ($0.25)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173($0.23)$0.02($0.11)
Q2 20173($0.21)($0.07)($0.12)
Q3 20173($0.20)($0.05)($0.12)
Q4 20173($0.19)($0.03)($0.11)
Q1 20182($0.12)($0.02)($0.07)
Q2 20182($0.11)($0.02)($0.07)
Q3 20182($0.10)($0.01)($0.06)
Q4 20182($0.10)($0.01)($0.06)
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Approach Resources (NASDAQ:AREX)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Approach Resources (NASDAQ:AREX)
Insider Ownership Percentage: 7.80%
Institutional Ownership Percentage: 25.64%
Insider Trades by Quarter for Approach Resources (NASDAQ:AREX)
Institutional Ownership by Quarter for Approach Resources (NASDAQ:AREX)
Insider Trades by Quarter for Approach Resources (NASDAQ:AREX)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
6/22/2017Wilks Brothers, LlcInsiderBuy100,000$2.42$242,000.00View SEC Filing  
6/21/2017Wilks Brothers, LlcInsiderBuy288,000$2.58$743,040.00View SEC Filing  
6/20/2017Wilks Brothers, LlcMajor ShareholderBuy100,000$2.56$256,000.00View SEC Filing  
6/19/2017Wilks Brothers, LlcMajor ShareholderBuy88,000$2.72$239,360.00View SEC Filing  
6/16/2017Wilks Brothers, LlcInsiderBuy300,000$2.79$837,000.00View SEC Filing  
6/13/2017Wilks Brothers, LlcInsiderBuy350,000$2.77$969,500.00View SEC Filing  
6/8/2017Wilks Brothers, LlcInsiderBuy300,000$2.70$810,000.00View SEC Filing  
6/2/2017Wilks Brothers, LlcInsiderBuy200,000$2.61$522,000.00View SEC Filing  
5/30/2017Wilks Brothers, LlcInsiderBuy100,000$2.70$270,000.00View SEC Filing  
5/25/2017Wilks Brothers, LlcInsiderBuy375,000$2.79$1,046,250.00View SEC Filing  
5/19/2017Wilks Brothers, LlcInsiderBuy150,000$2.89$433,500.00View SEC Filing  
5/16/2017Wilks Brothers, LlcInsiderBuy150,000$3.03$454,500.00View SEC Filing  
5/15/2017Wilks Brothers, LlcInsiderBuy150,000$2.97$445,500.00View SEC Filing  
5/10/2017Vean J Gregg IIIDirectorBuy10,000$3.00$30,000.00View SEC Filing  
5/10/2017Wilks Brothers, LlcInsiderBuy200,000$2.81$562,000.00View SEC Filing  
11/13/2014Vean J Gregg IIIDirectorBuy10,000$11.88$118,800.00View SEC Filing  
11/10/2014Sheldon B LubarDirectorBuy10,000$10.61$106,100.00View SEC Filing  
11/1/2013J. Ross CraftCEOSell2,500$28.06$70,150.00View SEC Filing  
10/4/2013J. Ross CraftCEOSell6,672$30.00$200,160.00View SEC Filing  
10/4/2013Ralph ManoushagianEVPSell2,888$30.00$86,640.00View SEC Filing  
10/4/2013Steven SmartCFOSell3,400$30.00$102,000.00View SEC Filing  
8/1/2013J Curtis HendersonEVPSell10,000$28.00$280,000.00View SEC Filing  
8/1/2013J. Ross CraftCEOSell5,000$28.00$140,000.00View SEC Filing  
8/1/2013Steven SmartCFOSell1,700$28.00$47,600.00View SEC Filing  
7/15/2013J. Ross CraftCEOSell9,000$25.97$233,730.00View SEC Filing  
6/12/2013Ralph P ManoushagianEVPSell6,000$24.76$148,560.00View SEC Filing  
6/12/2013Steven P SmartCFOSell5,000$24.78$123,900.00View SEC Filing  
9/13/2012Ralph P ManoushagianEVPSell2,166$34.00$73,644.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Approach Resources (NASDAQ:AREX)
Latest Headlines for Approach Resources (NASDAQ:AREX)
Source:
DateHeadline
americanbankingnews.com logoApproach Resources Inc. (AREX) to Release Quarterly Earnings on Tuesday
www.americanbankingnews.com - July 25 at 7:10 AM
americanbankingnews.com logoZacks: Analysts Anticipate Approach Resources Inc. (NASDAQ:AREX) Will Announce Earnings of -$0.08 Per Share
www.americanbankingnews.com - July 24 at 10:37 AM
seekingalpha.com logoApproach Resources Insiders Are Buying Like Mad - Seeking Alpha
seekingalpha.com - July 20 at 3:22 AM
americanbankingnews.com logoApproach Resources Inc. (AREX) Cut to Sell at Zacks Investment Research
www.americanbankingnews.com - July 18 at 4:57 PM
globenewswire.com logoApproach Resources Inc. Schedules Second Quarter 2017 Earnings Conference Call for Thursday, August 3, 2017 - GlobeNewswire (press release)
globenewswire.com - July 13 at 4:48 PM
finance.yahoo.com logoApproach Resources Inc. Schedules Second Quarter 2017 Earnings Conference Call for Thursday, August 3, 2017
finance.yahoo.com - July 13 at 4:48 PM
americanbankingnews.com logoApproach Resources Inc. (NASDAQ:AREX) Receives Average Rating of "Hold" from Brokerages
www.americanbankingnews.com - July 10 at 12:48 PM
benzinga.com logoMid-Day Market Update: Crude Oil Down Over 3%; Digital Ally Shares Spike Higher - Benzinga
www.benzinga.com - July 8 at 6:23 AM
americanbankingnews.com logoApproach Resources Inc. (NASDAQ:AREX) Given a $3.00 Price Target by Scotiabank Analysts
www.americanbankingnews.com - July 3 at 5:10 PM
americanbankingnews.com logoApproach Resources Inc. (NASDAQ:AREX) Upgraded to "Hold" at ValuEngine
www.americanbankingnews.com - July 1 at 8:08 PM
finance.yahoo.com logoOil and Gas Stock Roundup: Shale Stocks Breathe a Sigh of Relief After Crude Returns to Above $45
finance.yahoo.com - July 1 at 3:49 PM
globenewswire.com logoApproach Resources Inc. added to membership of the Russell 2000 and 3000 Indexes - GlobeNewswire (press release)
globenewswire.com - July 1 at 2:10 AM
nasdaq.com logoApproach Resources Inc. added to membership of the Russell 2000 and 3000 Indexes - Nasdaq
www.nasdaq.com - June 29 at 5:06 PM
finance.yahoo.com logoApproach Resources Inc. added to membership of the Russell 2000 and 3000 Indexes
finance.yahoo.com - June 29 at 5:06 PM
finance.yahoo.com logoApproach Resources Inc. added to membership of the Russell 2000 and 3000 Indexes
finance.yahoo.com - June 29 at 5:06 PM
americanbankingnews.com logo$27.01 Million in Sales Expected for Approach Resources Inc. (AREX) This Quarter
www.americanbankingnews.com - June 29 at 8:58 AM
seekingalpha.com logoApproach Resources: Being Taken Over - Seeking Alpha
seekingalpha.com - June 28 at 9:13 PM
americanbankingnews.com logoZacks: Brokerages Expect Approach Resources Inc. (AREX) to Post -$0.08 Earnings Per Share
www.americanbankingnews.com - June 28 at 12:30 AM
americanbankingnews.com logoApproach Resources Inc. (AREX) Insider Wilks Brothers, Llc Purchases 100,000 Shares
www.americanbankingnews.com - June 26 at 10:40 PM
americanbankingnews.com logoApproach Resources Inc. (AREX) Lowered to Sell at Seaport Global Securities
www.americanbankingnews.com - June 25 at 9:20 PM
americanbankingnews.com logoApproach Resources Inc. to Post Q2 2017 Earnings of ($0.08) Per Share, Seaport Global Securities Forecasts (AREX)
www.americanbankingnews.com - June 23 at 8:26 AM
americanbankingnews.com logoApproach Resources Inc. (AREX) Insider Acquires $743,040.00 in Stock
www.americanbankingnews.com - June 21 at 10:26 PM
americanbankingnews.com logoApproach Resources Inc. (AREX) Major Shareholder Wilks Brothers, Llc Acquires 88,000 Shares
www.americanbankingnews.com - June 21 at 10:26 PM
americanbankingnews.com logoWilks Brothers, Llc Acquires 100,000 Shares of Approach Resources Inc. (AREX) Stock
www.americanbankingnews.com - June 21 at 10:26 PM
americanbankingnews.com logoApproach Resources Inc. (AREX) Upgraded by Zacks Investment Research to Hold
www.americanbankingnews.com - June 20 at 5:30 PM
finance.yahoo.com logoApproach Resources, Inc. (AREX)
finance.yahoo.com - June 20 at 1:01 AM
americanbankingnews.com logoApproach Resources Inc. (AREX) Insider Wilks Brothers, Llc Acquires 300,000 Shares
www.americanbankingnews.com - June 16 at 10:16 PM
americanbankingnews.com logoWilks Brothers, Llc Purchases 350,000 Shares of Approach Resources Inc. (AREX) Stock
www.americanbankingnews.com - June 13 at 10:32 PM
americanbankingnews.com logoApproach Resources Inc. (AREX) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - June 13 at 12:50 PM
finance.yahoo.com logoETFs with exposure to Approach Resources, Inc. : June 12, 2017
finance.yahoo.com - June 12 at 4:40 PM
americanbankingnews.com logo$27.39 Million in Sales Expected for Approach Resources Inc. (AREX) This Quarter
www.americanbankingnews.com - June 3 at 7:32 AM
americanbankingnews.com logoApproach Resources Inc. (AREX) Insider Buys $522,000.00 in Stock
www.americanbankingnews.com - June 3 at 7:26 AM
americanbankingnews.com logoWilks Brothers, Llc Purchases 100,000 Shares of Approach Resources Inc. (AREX) Stock
www.americanbankingnews.com - June 1 at 10:32 PM
americanbankingnews.com logo Brokerages Anticipate Approach Resources Inc. (AREX) to Announce -$0.07 EPS
www.americanbankingnews.com - June 1 at 10:12 PM
americanbankingnews.com logoApproach Resources Inc. (AREX) Stock Rating Lowered by ValuEngine
www.americanbankingnews.com - June 1 at 3:36 PM
americanbankingnews.com logoApproach Resources Inc. (AREX) Insider Wilks Brothers, Llc Acquires 375,000 Shares
www.americanbankingnews.com - May 26 at 7:40 PM
americanbankingnews.com logoSeaport Global Securities Weighs in on Approach Resources Inc.'s Q2 2018 Earnings (AREX)
www.americanbankingnews.com - May 26 at 11:46 AM
americanbankingnews.com logoQ2 2018 Earnings Estimate for Approach Resources Inc. (AREX) Issued By KeyCorp
www.americanbankingnews.com - May 24 at 11:32 AM
americanbankingnews.com logoInsider Buying: Approach Resources Inc. (AREX) Insider Purchases 150,000 Shares of Stock
www.americanbankingnews.com - May 22 at 7:46 PM
finance.yahoo.com logoETFs with exposure to Approach Resources, Inc. : May 22, 2017
finance.yahoo.com - May 22 at 3:37 PM
finance.yahoo.com logo5 Zombie Stocks Coming Back From the Dead
finance.yahoo.com - May 20 at 3:41 PM
americanbankingnews.com logoZacks Investment Research Lowers Approach Resources Inc. (AREX) to Sell
www.americanbankingnews.com - May 19 at 5:20 PM
americanbankingnews.com logoApproach Resources Inc. (AREX) Given Average Recommendation of "Hold" by Analysts
www.americanbankingnews.com - May 19 at 10:50 AM
americanbankingnews.com logoWilks Brothers, Llc Purchases 150,000 Shares of Approach Resources Inc. (AREX) Stock
www.americanbankingnews.com - May 17 at 10:50 PM
americanbankingnews.com logoApproach Resources Inc. (AREX) Stock Rating Reaffirmed by Scotiabank
www.americanbankingnews.com - May 16 at 9:32 PM
americanbankingnews.com logoApproach Resources Inc. (AREX) Insider Wilks Brothers, Llc Purchases 150,000 Shares
www.americanbankingnews.com - May 16 at 10:26 AM
americanbankingnews.com logoWilks Brothers, Llc Purchases 200,000 Shares of Approach Resources Inc. (AREX) Stock
www.americanbankingnews.com - May 11 at 10:15 PM
finance.yahoo.com logoETFs with exposure to Approach Resources, Inc. : May 11, 2017
finance.yahoo.com - May 11 at 9:04 PM
americanbankingnews.com logoVean J. Gregg III Buys 10,000 Shares of Approach Resources Inc. (AREX) Stock
www.americanbankingnews.com - May 11 at 8:48 PM
americanbankingnews.com logoApproach Resources Inc. (AREX) Expected to Announce Quarterly Sales of $27.38 Million
www.americanbankingnews.com - May 10 at 10:30 AM

Social

Chart

Approach Resources (AREX) Chart for Wednesday, July, 26, 2017

This page was last updated on 7/26/2017 by MarketBeat.com Staff