NASDAQ:AREXApproach Resources Stock Price, Forecast & News

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Today's Range N/A

50-Day Range

$0.00

MA: $0.01▼

$0.02

52-Week Range N/A

Volume8,544 shs

Average Volume694,788 shs

Market Capitalization$571,000.00

P/E RatioN/A

Dividend YieldN/A

Beta3.17

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. 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.

Beat the Market (BTM) Rank^™

0.0 Analyst's Opinion

Consensus Rating
There is not enough analysis data for Approach Resources.

2.3 Community Rank

Outperform Votes
Approach Resources has received 421 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Approach Resources has received 504 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Approach Resources has received 54.49% “underperform” votes from our community.

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.

0.0 Dividend Strength

Dividend Yield
Approach Resources does not currently pay a dividend.
Dividend Growth
Approach Resources does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Approach Resources insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.10% of the stock of Approach Resources is held by insiders.
Percentage Held by Institutions
60.76% of the stock of Approach Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Approach Resources are expected to grow in the coming year, from ($0.40) to ($0.23) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Approach Resources is -0.03, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Approach Resources is -0.03, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Overall Beat the Market Rank^™

0.79 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Crude petroleum & natural gas

Sub-IndustryOil & Gas Exploration & Production

SectorOils/Energy

Current SymbolNASDAQ:AREX

Previous Symbol

CUSIP03834A10

CIK1405073

Webwww.approachresources.com

Phone817-989-9000

Debt

Debt-to-Equity Ratio0.16

Current Ratio0.05

Quick Ratio0.05

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$114.04 million

Price / Sales0.00

Cash FlowN/A

Price / Cash Flow0.23

Book Value$6.24 per share

Price / BookN/A

Profitability

EPS (Most Recent Fiscal Year)($0.26)

Net Income$-19,910,000.00

Net Margins-38.00%

Return on Equity-5.64%

Return on Assets-2.99%

Miscellaneous

Employees99

Outstanding Shares93,664,000

Market Cap$571,000.00

Next Earnings Date8/6/2020 (Estimated)

OptionableOptionable

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Approach Resources (NASDAQ:AREX) Frequently Asked Questions

When is Approach Resources' next earnings date?

Approach Resources is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Approach Resources.

How were Approach Resources' earnings last quarter?

Approach Resources Inc. (NASDAQ:AREX) posted its quarterly earnings data on Thursday, August, 8th. The energy company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.10) by $0.04. The energy company earned $14.72 million during the quarter, compared to analyst estimates of $20.61 million. Approach Resources had a negative net margin of 38.00% and a negative return on equity of 5.64%. View Approach Resources' earnings history.

Has Approach Resources been receiving favorable news coverage?

News coverage about AREX stock has trended very negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive media 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 -5 to 5, with scores closest to five being the most favorable. Approach Resources earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave media stories about the energy company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutApproach Resources.

Who are some of Approach Resources' key competitors?

Some companies that are related to Approach Resources include ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Concho Resources (CXO), Cabot Oil & Gas (COG), Diamondback Energy (FANG), Continental Resources (CLR), Noble Energy (NBL), Marathon Oil (MRO), Devon Energy (DVN), Apache (APA), EQT (EQT), WPX Energy (WPX), Cimarex Energy (XEC) and Southwestern Energy (SWN). View all 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 following 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

What is Approach Resources' stock symbol?

Approach Resources trades on the NASDAQ under the ticker symbol "AREX."

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, Robinhood, Fidelity, and Charles Schwab.

How big of a company is Approach Resources?

Approach Resources has a market capitalization of $0.00 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.

What is Approach Resources' official website?

The official website for Approach Resources is 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]

This page was last updated on 5/26/2020 by MarketBeat.com Staff