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
Phone817-989-9000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$114.04 million
Profitability
Miscellaneous
Employees97
Next Earnings Date5/1/2019 (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) announced its earnings results on Monday, March, 18th. The energy company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by $0.01. The energy company had revenue of $22.38 million for the quarter, compared to the consensus estimate of $30.16 million. Approach Resources had a negative return on equity of 4.22% and a negative net margin of 17.46%. View Approach Resources' Earnings History.
When is Approach Resources' next earnings date?
What price target have analysts set for AREX?
3 brokerages have issued twelve-month target prices for Approach Resources' shares. Their predictions range from $0.40 to $3.00. On average, they expect Approach Resources' share price to reach $1.70 in the next year. This suggests a possible upside of 239.9% 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?
Press coverage about AREX stock has trended positive recently, InfoTrie reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Approach Resources earned a daily sentiment score of 2.2 on InfoTrie's scale. They also assigned news coverage about the energy company a news buzz of 5.0 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the company's share price in the near future.
Who are some of Approach Resources' key competitors?
Some companies that are related to Approach Resources include Obsidian Energy (OBE), Amplify Energy (AMPY), TransGlobe Energy (TGA), VAALCO Energy (EGY), Rosehill Resources (ROSE), Ultra Petroleum (UPL), SandRidge Permian Trust (PER), Torchlight Energy Resources (TRCH), Lonestar Resources US (LONE), Permianville Royalty Trust (PVL), PermRock Royalty Trust (PRT), VOC Energy Trust (VOC), Enterprise GP (EPE), MV Oil Trust (MVO) and Pacific Coast Oil Trust (ROYT).
What other stocks do shareholders of Approach Resources own?
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 many different of retail and institutional investors. Top institutional shareholders include Geode Capital Management LLC (0.56%), Geode Capital Management LLC (0.56%), First Manhattan Co. (0.27%), Bank of New York Mellon Corp (0.24%), Oppenheimer & Co. Inc. (0.24%) and Municipal Employees Retirement System of Michigan (0.19%). 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 major 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 major investors are buying Approach Resources stock?
AREX stock was purchased by a variety of institutional investors in the last quarter, including Municipal Employees Retirement System of Michigan, Geode Capital Management LLC, 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 $0.5001.
How big of a company is Approach Resources?
Approach Resources has a market capitalization of $47.34 million and generates $114.04 million in revenue each year. The energy company earns $-112,350,000.00 in net income (profit) each year or ($0.26) on an earnings per share basis. Approach Resources employs 97 workers across the globe.
What is Approach Resources' official website?
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.
