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
Stock Exchange NASDAQ
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
SymbolNASDAQ:AREX
CUSIP03834A10
Phone817-989-9000
Debt
Debt-to-Equity Ratio0.64
Current Ratio0.46
Quick Ratio0.46
Price-To-Earnings
Trailing P/E Ratio-5.78
Forward P/E Ratio-6.68
P/E GrowthN/A
Sales & Book Value
Annual Sales$105.35 million
Price / Sales1.86
Cash Flow$0.4929 per share
Price / Cash4.20
Book Value$7.02 per share
Price / Book0.29
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$190.86 million
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 data on Wednesday, August, 1st. The energy company reported ($0.07) earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of ($0.07). The energy company had revenue of $30.33 million for the quarter, compared to the consensus estimate of $28.16 million. Approach Resources had a net margin of 18.38% and a negative return on equity of 4.52%. View Approach Resources' Earnings History.
When is Approach Resources' next earnings date?
What price target have analysts set for AREX?
4 equities research analysts have issued twelve-month price objectives for Approach Resources' stock. Their forecasts range from $3.00 to $4.00. On average, they anticipate Approach Resources' share price to reach $3.3333 in the next twelve months. This suggests a possible upside of 61.0% from the stock's current price. View Analyst Price Targets for Approach Resources.
What is the consensus analysts' recommendation for Approach Resources?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Approach Resources in the last year. There are currently 4 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?
Some companies that are related to Approach Resources include Halcon Resources (HK), Stone Energy (SGY), Hess Midstream Partners (HESM), Dorchester Minerals (DMLP), Kimbell Royalty Partners (KRP), Bonanza Creek Energy (BCEI), Earthstone Energy (ESTE), TETRA Technologies (TTI), Enterprise GP (EPE), Advantage Oil & Gas (AAV), Obsidian Energy (OBE), Freedom (FRHC), Pengrowth Energy (PGH), Abraxas Petroleum (AXAS) and Pengrowth Energy (PGHEF).
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)
Has Approach Resources been receiving favorable news coverage?
News articles about AREX stock have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Approach Resources earned a daily sentiment score of 0.18 on Accern's scale. They also assigned news stories about the energy company an impact score of 46.57 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next few days. View Recent Headlines for Approach Resources.
Who are Approach Resources' major shareholders?
Approach Resources' stock is owned by many different of retail and institutional investors. Top institutional investors include Kayne Anderson Capital Advisors LP (7.15%), BlackRock Inc. (3.71%), California Public Employees Retirement System (1.23%), First Manhattan Co. (0.74%), Bank of New York Mellon Corp (0.28%) and Bank of New York Mellon Corp (0.28%). 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 Kayne Anderson Capital Advisors LP, California Public Employees Retirement System, First Manhattan Co., Oppenheimer & Co. Inc. and KBC Group NV. View Insider Buying and Selling for Approach Resources.
Which major investors are buying Approach Resources stock?
AREX stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., GSA Capital Partners LLP, Bank of New York Mellon Corp and Bank of New York Mellon Corp. 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 $2.07.
How big of a company is Approach Resources?
Approach Resources has a market capitalization of $190.86 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 (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.
