NASDAQ:AREX - Approach Resources Stock Price, News, & Analysis Sign in or create an account to add this stock to your watchlist. Get Started $1.08 +0.03 (+2.86 %) (As of 01/18/2019 04:00 PM ET)Previous Close$1.08Today's Range$1.04 - $1.1252-Week Range$0.83 - $3.72Volume336,798 shsAverage Volume242,673 shsMarket Capitalization$99.23 millionP/E Ratio-3.00Dividend YieldN/ABeta2.92 ProfileDiscussionAnalyst RatingsChartEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email 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. 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. 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 Webwww.approachresources.com Phone817-989-9000Debt Debt-to-Equity Ratio0.64 Current Ratio0.35 Quick Ratio0.35Price-To-Earnings Trailing P/E Ratio-3.00 Forward P/E Ratio-4.50 P/E GrowthN/A Sales & Book Value Annual Sales$105.35 million Price / Sales0.97 Cash Flow$0.4954 per share Price / Cash Flow2.18 Book Value$7.02 per share Price / Book0.15Profitability EPS (Most Recent Fiscal Year)($0.36) Net Income$-112,350,000.00 Net Margins20.85% Return on Equity-4.04% Return on Assets-2.20%Miscellaneous Employees97 Outstanding Shares94,510,000Market Cap$99.23 million 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 Thursday, November, 8th. The energy company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.10) by $0.06. The energy company earned $32.56 million during the quarter, compared to analysts' expectations of $30.07 million. Approach Resources had a negative return on equity of 4.04% and a net margin of 20.85%. 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, March 14th 2019. View Earnings Estimates for Approach Resources. What price target have analysts set for AREX? 1 brokers have issued 12-month price targets for Approach Resources' shares. Their forecasts range from $3.00 to $3.00. On average, they anticipate Approach Resources' stock price to reach $3.00 in the next year. This suggests a possible upside of 177.8% from the stock's current price. View Analyst Price Targets for Approach Resources. What is the consensus analysts' recommendation for Approach Resources? 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Approach Resources in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Approach Resources. Has Approach Resources been receiving favorable news coverage? News coverage about AREX stock has trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Approach Resources earned a news sentiment score of 0.9 on InfoTrie's scale. They also assigned news coverage about the energy company a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an impact on the stock's share price in the next few days. Who are some of Approach Resources' key competitors? Some companies that are related to Approach Resources include Chaparral Energy (CHAP), Earthstone Energy (ESTE), Eclipse Resources (ECR), NOSTRUM OIL & G/ADR (NSTRY), Advantage Oil & Gas (AAVVF), SandRidge Energy (SD), Isramco (ISRL), Halcon Resources (HK), Pengrowth Energy (PGHEF), SilverBow Resources (SBOW), TETRA Technologies (TTI), Panhandle Oil and Gas (PHX), Midstates Petroleum (MPO), Obsidian Energy (OBE) and Abraxas Petroleum (AXAS). Who are Approach Resources' key executives? Approach Resources' management team includes the folowing people: Mr. J. Ross Craft P.E., Founder, Chairman & CEO (Age 61)Dr. Qingming Yang, Pres & COO (Age 55)Mr. Sergei Krylov, Exec. VP& CFO (Age 41)Mr. J. Curtis Henderson, Chief Admin. Officer & Corp. Sec. (Age 55)Mr. Ian M. Shaw, Principal Accounting Officer (Age 35) 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 $1.08. How big of a company is Approach Resources? Approach Resources has a market capitalization of $99.23 million and generates $105.35 million in revenue each year. The energy company earns $-112,350,000.00 in net income (profit) each year or ($0.36) 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 ( )Outperform Votes: 375 (Vote Outperform)Underperform Votes: 442 (Vote Underperform)Total Votes: 817MarketBeat'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 1/19/2019 by MarketBeat.com StaffFeatured Article: What is the downside to momentum investing?