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

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$0.54 -0.21 (-28.11 %)
(As of 03/21/2019 03:34 PM ET)
Previous Close$0.7445
Today's Range$0.50 - $0.7440
52-Week Range$0.72 - $3.26
Volume2.28 million shs
Average Volume205,027 shs
Market Capitalization$50.85 million
P/E Ratio-2.07
Dividend YieldN/A
Beta2.89
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.

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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$0.2783 per share
Book Value$7.02 per share

Profitability

Net Income$-112,350,000.00

Miscellaneous

Employees97
Market Cap$50.85 million
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) released its earnings results on Monday, March, 18th. The energy company reported ($0.07) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.06) by $0.01. The energy company earned $22.38 million during the quarter, compared to analysts' expectations 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?

Approach Resources is scheduled to release their next quarterly earnings announcement on Wednesday, May 1st 2019. View Earnings Estimates for Approach Resources.

What price target have analysts set for AREX?

3 equities research analysts have issued 12 month target prices for Approach Resources' stock. Their predictions 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 216.5% 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?

Media coverage about AREX stock has been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of news 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 negative five to positive five, with scores closest to five being the most favorable. Approach Resources earned a news sentiment score of 1.0 on InfoTrie's scale. They also gave news coverage about the energy company a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

Who are some of Approach Resources' key competitors?

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 a number of of retail and institutional investors. Top institutional investors 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 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., 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 institutional 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 $0.5371.

How big of a company is Approach Resources?

Approach Resources has a market capitalization of $50.85 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?

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:  378 (Vote Outperform)
Underperform Votes:  458 (Vote Underperform)
Total Votes:  836
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 3/21/2019 by MarketBeat.com Staff

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