Approach Resources Company Profile (NASDAQ:AREX)

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

Approach Resources Inc. (NASDAQ:AREX) posted its quarterly earnings results on Wednesday, August, 2nd. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by $0.02. The company earned $24.97 million during the quarter, compared to analysts' expectations of $25.86 million. Approach Resources had a negative return on equity of 6.84% and a negative net margin of 169.54%. Approach Resources's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.25) EPS. View Approach Resources' Earnings History.

Approach Resources is scheduled to release their next quarterly earnings announcement on Wednesday, November, 1st 2017. View Earnings Estimates for Approach Resources.

6 brokerages have issued 12 month target prices for Approach Resources' shares. Their forecasts range from $0.50 to $5.50. On average, they anticipate Approach Resources' share price to reach $3.10 in the next twelve months. View Analyst Ratings for Approach Resources.

Here are some recent quotes from research analysts about Approach Resources stock:

• 1. According to Zacks Investment Research, "Approach Resources Inc. is an independent energy company engaged in the exploration, development, exploitation, production and acquisition of unconventional natural gas and oil properties onshore in the United States and Western Canada. The Company focuses its growth efforts primarily on finding and developing natural gas reserves in known tight gas sands and shale areas. The Company currently operates in Texas, New Mexico and Kentucky and has a non-operating interest in Western Canada. " (9/19/2017)
• 2. KLR Group analysts commented, "We are decreasing our target price $0.25 to $4 following numerous model refinements including higher operating expenses and lower natural gas price realizations partly offset by an improvement in capital productivity (now modeling wells recover ~675 Mboe, up from ~650 Mboe previously) and higher NGL price realizations. Our target price is anchored on a mid-cycle $80 oil and $4 natural gas price deck. Approach generates a '19 capital yield of ~130% vs. the industry median of ~145%." (3/14/2017)

Some companies that are related to Approach Resources include California Resources Corporation (CRC), Genel Energy PLC (GENL), W&T Offshore (WTI), SOCO International plc (SIA), San Juan Basin Royalty Trust (SJT), Sanchez Energy Corporation (SN), Faroe Petroleum plc (FPM), Sound Energy PLC (SOU), Hurricane Energy PLC (HUR), Energy XXI Gulf Coast (EXXI), Premier Oil PLC (PMO), Bill Barrett Corporation (BBG), Abraxas Petroleum Corporation (AXAS), Enquest Plc (ENQ), Gulf Keystone Petroleum Limited (GKP), Earthstone Energy (ESTE), Earthstone Energy (ESTE) and Falcon Oil & Gas Ltd (FOG).

Approach Resources' management team includes the folowing people:

• J. Ross Craft P.E., Chairman of the Board, Chief Executive Officer
• Qingming Yang Ph.D, President, Chief Operating Officer
• Sergei Krylov, Chief Financial Officer, Executive Vice President, Chief Accounting Officer
• J. Curtis Curtis Henderson, Chief Administrative Officer, Corporate Secretary
• Vean J. Gregg III, Lead Independent Director
• Alan D. Bell, Independent Director
• James H. Brandi, Independent Director
• James C. Crain, Independent Director
• Matthew R. Kahn, Independent Director

Approach Resources' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (2.27%), First Manhattan Co. (2.06%), California Public Employees Retirement System (1.48%), Lubar & Co. Inc (1.16%), Boston Partners (1.42%) and Goldman Sachs Group Inc. (0.79%). Company insiders that own Approach Resources stock include Vean J Gregg III and Wilks Brothers, Llc. View Institutional Ownership Trends for Approach Resources.

Approach Resources' stock was sold by a variety of institutional investors in the last quarter, including KBC Group NV, Centerbridge Partners L.P., Boston Partners, First Manhattan Co., Russell Investments Group Ltd., Eagle Global Advisors LLC, Goldman Sachs Group Inc. and Oppenheimer & Co. Inc.. View Insider Buying and Selling for Approach Resources.

Approach Resources' stock was purchased by a variety of institutional investors in the last quarter, including State Street Corp, Northern Trust Corp, Vanguard Group Inc., Balyasny Asset Management LLC, TIAA CREF Investment Management LLC, Teachers Advisors LLC, Bank of New York Mellon Corp and American Century Companies Inc.. 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.

Shares of Approach Resources can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Approach Resources stock can currently be purchased for approximately $2.67.