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

$0.27
+0.04 (+17.39 %)
(As of 06/19/2019 04:00 PM ET)
Today's Range
$0.22
Now: $0.27
$0.28
50-Day Range
$0.21
MA: $0.26
$0.3660
52-Week Range
$0.20
Now: $0.27
$2.65
Volume917,300 shs
Average Volume530,127 shs
Market Capitalization$25.30 million
P/E RatioN/A
Dividend YieldN/A
Beta2.92
Approach Resources, Inc, an independent energy company, focuses on the acquisition, exploration, development, and production of unconventional oil and gas reserves. 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, 2018, its estimated proved reserves were 180.1 million barrels of oil equivalent located in Crockett and Schleicher counties, Texas. Read More…

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$114.04 million
Cash Flow$0.4737 per share
Book Value$6.24 per share

Profitability

Net Income$-19,910,000.00

Miscellaneous

Employees99
Market Cap$25.30 million
Next Earnings Date8/7/2019 (Estimated)
OptionableOptionable

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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) announced its quarterly earnings results on Thursday, May, 9th. The energy company reported ($0.09) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.11) by $0.02. The energy company had revenue of $19.24 million for the quarter, compared to analyst estimates of $21.11 million. Approach Resources had a negative return on equity of 4.46% and a negative net margin of 28.00%. 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, August 7th 2019. View Earnings Estimates for Approach Resources.

What price target have analysts set for AREX?

3 analysts have issued 12-month price objectives for Approach Resources' shares. Their forecasts range from $0.40 to $3.00. On average, they anticipate Approach Resources' stock price to reach $1.70 in the next year. This suggests a possible upside of 529.6% 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 2 sell ratings and 1 hold rating for the stock, resulting in a consensus recommendation of "Sell." View Analyst Ratings for Approach Resources.

Has Approach Resources been receiving favorable news coverage?

News stories about AREX stock have been trending somewhat negative on Wednesday, InfoTrie reports. The research group ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Approach Resources earned a news impact score of -1.1 on InfoTrie's scale. They also gave news headlines about the energy company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the near term. View News Stories for Approach Resources.

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 Reata Pharmaceuticals (RETA), Precision Drilling (PDS), First Financial Bankshares (FFIN), Synlogic (SYBX), Basic Energy Services (BAS), Precision Drilling (PD), Archrock (AROC), Targa Resources (TRGP), Endologix (ELGX) and EVINE Live (EVLV).

Who are Approach Resources' key executives?

Approach Resources' management team includes the folowing people:
  • Mr. Sergei Krylov, CEO & CFO (Age 42)
  • Mr. J. Curtis Henderson, Chief Admin. Officer (Age 56)
  • Mr. Ian M. Shaw, Chief Accounting Officer (Age 35)
  • Mr. Joshua E. Dazey, VP, Gen. Counsel & Corp. Sec.
  • Mr. Troy A. Hoefer, Sr. VP of Engineering

Who are Approach Resources' major shareholders?

Approach Resources' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include First Manhattan Co. (0.20%) and SG Americas Securities LLC (0.09%). Company insiders that own Approach Resources stock include Ian M Shaw, J Curtis Henderson, Sergei Krylov 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.. 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 purchased by a variety of institutional investors in the last quarter, including SG Americas Securities 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 $0.27.

How big of a company is Approach Resources?

Approach Resources has a market capitalization of $25.30 million and generates $114.04 million in revenue each year. The energy company earns $-19,910,000.00 in net income (profit) each year or ($0.26) on an earnings per share basis. Approach Resources employs 99 workers across the globe.View Additional Information About Approach Resources.

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:  389 (Vote Outperform)
Underperform Votes:  465 (Vote Underperform)
Total Votes:  854
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 6/19/2019 by MarketBeat.com Staff

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