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

$0.19
-0.01 (-5.00 %)
(As of 08/18/2019 04:00 PM ET)
Today's Range
$0.19
Now: $0.19
$0.21
50-Day Range
$0.20
MA: $0.27
$0.3280
52-Week Range
$0.18
Now: $0.19
$2.33
Volume294,900 shs
Average Volume288,241 shs
Market Capitalization$17.80 million
P/E RatioN/A
Dividend YieldN/A
Beta3.07
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$0.38 per share
Book Value$5.96 per share

Profitability

Net Income$-19,910,000.00

Miscellaneous

Employees99
Market Cap$17.80 million
Next Earnings Date11/14/2019 (Estimated)
OptionableOptionable

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.


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) issued its earnings results on Thursday, August, 8th. The energy company reported ($0.14) EPS 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 analysts' expectations of $20.61 million. Approach Resources had a negative return on equity of 5.64% and a negative net margin of 38.00%. View Approach Resources' Earnings History.

When is Approach Resources' next earnings date?

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

What price target have analysts set for AREX?

3 brokers have issued 1-year price objectives for Approach Resources' shares. Their predictions range from $0.40 to $3.00. On average, they anticipate Approach Resources' share price to reach $1.70 in the next year. This suggests a possible upside of 794.7% 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?

Headlines about AREX stock have been trending negative recently, InfoTrie reports. The research group identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Approach Resources earned a daily sentiment score of -2.3 on InfoTrie's scale. They also assigned news 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 impact on the company's share price in the next several days. 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 many different of retail and institutional investors. Top institutional shareholders include Kayne Anderson Capital Advisors LP (4.69%), BlackRock Inc. (1.11%), Vanguard Group Inc. (0.85%), Morgan Stanley (0.19%), SG Americas Securities LLC (0.14%) and Paloma Partners Management Co (0.12%). 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 major investors are selling Approach Resources stock?

AREX stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc. and Kayne Anderson Capital Advisors LP. 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 acquired by a variety of institutional investors in the last quarter, including Paloma Partners Management Co, Jane Street Group LLC, Morgan Stanley and 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 $0.19.

How big of a company is Approach Resources?

Approach Resources has a market capitalization of $17.80 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:  395 (Vote Outperform)
Underperform Votes:  474 (Vote Underperform)
Total Votes:  869
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 8/18/2019 by MarketBeat.com Staff

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