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

Sign in or create an account to add this stock to your watchlist.
$0.9598 -0.04 (-4.00 %)
(As of 02/22/2019 09:10 AM ET)
Previous Close$1.00
Today's Range$0.92 - $1.00
52-Week Range$0.83 - $3.30
Volume198,260 shs
Average Volume158,781 shs
Market Capitalization$90.71 million
P/E Ratio-2.67
Dividend YieldN/A
Beta2.93
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.

Receive AREX News and Ratings via Email

Sign-up to receive the latest news and ratings for AREX and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$105.35 million
Cash Flow$0.4614 per share
Book Value$7.02 per share

Profitability

Net Income$-112,350,000.00

Miscellaneous

Employees97
Market Cap$90.71 million
Next Earnings Date3/14/2019 (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) posted its quarterly earnings results on Thursday, November, 8th. The energy company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.06. The energy company had revenue of $32.56 million for the quarter, compared to the consensus estimate of $30.07 million. Approach Resources had a negative return on equity of 4.04% and a net margin of 20.85%. View Approach Resources' Earnings History.

When is Approach Resources' next earnings date?

Approach Resources is scheduled to release their next quarterly earnings announcement on Thursday, March 14th 2019. View Earnings Estimates for Approach Resources.

What price target have analysts set for AREX?

1 Wall Street analysts have issued 12 month price targets for Approach Resources' stock. Their predictions 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 212.6% from the stock's current price. View Analyst Price Targets for Approach Resources.

What is the consensus analysts' recommendation for Approach Resources?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Approach Resources in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Approach Resources.

Has Approach Resources been receiving favorable news coverage?

News stories about AREX stock have trended somewhat positive this week, according to InfoTrie. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Approach Resources earned a media sentiment score of 1.0 on InfoTrie's scale. They also gave news headlines about the energy company a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an effect on the stock's share price in the immediate future.

Who are some of Approach Resources' key competitors?

What other stocks do shareholders of Approach Resources own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Approach Resources investors own include Endologix (ELGX), Apache (APA), Laredo Petroleum (Lpi), Micron Technology (MU), Chesapeake Energy (CHK), Callon Petroleum (CPE), Oasis Petroleum (Oas), Advanced Micro Devices (AMD), Aegean Marine Petroleum Network (ANW) and Opko Health (OPK).

Who are Approach Resources' key executives?

Approach Resources' management team includes the folowing people:
  • Mr. J. Ross Craft P.E., Founder, Chairman & CEO (Age 62)
  • Dr. Qingming Yang, Pres & COO (Age 56)
  • Mr. Sergei Krylov, Exec. VP& CFO (Age 42)
  • Mr. J. Curtis Henderson, Chief Admin. Officer & Corp. Sec. (Age 56)
  • Mr. Ian M. Shaw, Chief Accounting Officer (Age 35)

Who are Approach Resources' major shareholders?

Approach Resources' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Geode Capital Management LLC (0.56%), First Manhattan Co. (0.27%), Bank of New York Mellon Corp (0.24%), Oppenheimer & Co. Inc. (0.24%), Municipal Employees Retirement System of Michigan (0.19%) and Janney Montgomery Scott LLC (0.12%). Company insiders that own Approach Resources stock include Ian M Shaw, J Curtis Henderson, Sergei Krylov, Vean J Gregg III and Wilks Brothers, Llc. View Institutional Ownership Trends for Approach Resources.

Which institutional investors are selling Approach Resources stock?

AREX stock was sold by a variety of institutional investors in the last quarter, including First Manhattan Co., Oppenheimer & Co. Inc., Janney Montgomery Scott LLC, Bank of New York Mellon Corp and Kornitzer Capital Management Inc. KS. Company insiders that have sold Approach Resources company stock in the last year include Ian M Shaw, J Curtis Henderson and Sergei Krylov. View Insider Buying and Selling for Approach Resources.

Which institutional investors are buying Approach Resources stock?

AREX stock was bought by a variety of institutional investors in the last quarter, including Municipal Employees Retirement System of Michigan, Geode Capital Management LLC and Rhumbline Advisers. 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 $0.9598.

How big of a company is Approach Resources?

Approach Resources has a market capitalization of $90.71 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:  378 (Vote Outperform)
Underperform Votes:  451 (Vote Underperform)
Total Votes:  829
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 2/22/2019 by MarketBeat.com Staff

Featured Article: Blue-Chip Stocks

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel