About Approach Resources (NASDAQ:AREX)
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.
Industry, Sector and Symbol
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
SymbolNASDAQ:AREX
CUSIP03834A10
Phone817-989-9000
Debt
Debt-to-Equity Ratio0.61%
Current Ratio0.67%
Quick Ratio0.67%
Price-To-Earnings
Trailing P/E Ratio-7.47
Forward P/E Ratio-11.70
P/E GrowthN/A
Sales & Book Value
Annual Sales$105.35 million
Price / Sales2.41
Cash Flow$0.4654 per share
Price / Cash5.78
Book Value$7.02 per share
Price / Book0.38
Profitability
EPS (Most Recent Fiscal Year)($0.36)
Net Income$-112,350,000.00
Net Margins-106.65%
Return on Equity-5.33%
Return on Assets-2.74%
Miscellaneous
Employees97
Outstanding Shares94,330,000
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 quarterly earnings results on Thursday, March, 8th. The energy company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.00. The energy company had revenue of $28.40 million for the quarter, compared to analysts' expectations of $28.08 million. Approach Resources had a negative net margin of 106.65% and a negative return on equity of 5.33%. The business's quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.27) earnings per share. View Approach Resources' Earnings History.
When is Approach Resources' next earnings date?
What price target have analysts set for AREX?
5 equities research analysts have issued 12-month price targets for Approach Resources' shares. Their forecasts range from $0.50 to $4.00. On average, they expect Approach Resources' stock price to reach $2.50 in the next year. View Analyst Ratings for Approach Resources.
Who are some of Approach Resources' key competitors?
Some companies that are related to Approach Resources include Abraxas Petroleum (AXAS), Legacy Reserves (LGCY), EP Energy (EPE), Pengrowth Energy (PGH), TETRA Technologies (TTI), Eclipse Resources (ECR), SilverBow Resources (SBOW), Midstates Petroleum (MPO), Kimbell Royalty Partners (KRP), Sanchez Energy (SN), Isramco (ISRL), Rosehill Resources (ROSE), Energy XXI Gulf Coast (EGC), Lonestar Resources US (LONE), Enduro Royalty Trust (NDRO), Transglobe Energy (TGA), SandRidge Permian Trust (PER) and MV Oil Trust (MVO).
Who are Approach Resources' key executives?
Approach Resources' management team includes the folowing people:
- Mr. J. Ross Craft P.E., Founder, Chairman and Chief Exec. Officer (Age 61)
- Dr. Qingming Yang Ph.D., Pres and Chief Operating Officer (Age 55)
- Mr. Sergei Krylov, Chief Financial Officer and Exec. VP (Age 41)
- Mr. J. Curtis Henderson, Chief Admin. Officer and Corp. Sec. (Age 55)
- Mr. Ian M. Shaw, Principal Accounting Officer (Age 35)
Has Approach Resources been receiving favorable news coverage?
Headlines about AREX stock have trended somewhat positive on Saturday, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Approach Resources earned a daily sentiment score of 0.21 on Accern's scale. They also gave news coverage about the energy company an impact score of 46.72 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term.
Who are Approach Resources' major shareholders?
Approach Resources' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include WILKS BROTHERS, LLC (47.96%). Company insiders that own Approach Resources stock include Vean J Gregg III and Wilks Brothers, Llc. View Institutional Ownership Trends 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 $2.69.
How big of a company is Approach Resources?
Approach Resources has a market capitalization of $262.25 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.
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 (AREX)
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.
Approach Resources (NASDAQ:AREX) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
5 Wall Street analysts have issued ratings and price targets for Approach Resources in the last 12 months. Their average twelve-month price target is $2.50, suggesting that the stock has a possible downside of 7.06%. The high price target for AREX is $4.00 and the low price target for AREX is $0.50. There are currently 1 sell rating and 4 hold ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 1.80 | 1.80 | 2.00 | 2.13 |
| Ratings Breakdown: | 1 Sell Rating(s)
4 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
4 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
4 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
5 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $2.50 | $2.50 | $2.80 | $3.25 |
| Price Target Upside: | 7.06% downside | 6.84% upside | 19.66% upside | 33.20% upside |
Approach Resources (NASDAQ:AREX) Consensus Price Target History
Approach Resources (NASDAQ:AREX) Analyst Ratings History
Show:
(Data available from 4/21/2016 forward)
Approach Resources (NASDAQ:AREX) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Approach Resources (NASDAQ AREX) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 5.10%
Institutional Ownership Percentage: 29.02%
Approach Resources (NASDAQ AREX) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 1/12/2018 | Wilks Brothers, Llc | Major Shareholder | Buy | 200,000 | $4.04 | $808,000.00 | |  |
| 1/10/2018 | Wilks Brothers, Llc | Insider | Buy | 450,000 | $3.45 | $1,552,500.00 | | |
| 1/5/2018 | Wilks Brothers, Llc | Insider | Buy | 350,000 | $3.18 | $1,113,000.00 | | |
| 1/3/2018 | Wilks Brothers, Llc | Major Shareholder | Buy | 150,000 | $3.20 | $480,000.00 | | |
| 12/28/2017 | Wilks Brothers, Llc | Major Shareholder | Buy | 150,000 | $3.09 | $463,500.00 | | |
| 12/27/2017 | Wilks Brothers, Llc | Insider | Buy | 350,000 | $2.86 | $1,001,000.00 | | |
| 12/26/2017 | Wilks Brothers, Llc | Major Shareholder | Buy | 150,000 | $3.05 | $457,500.00 | | |
| 12/20/2017 | Wilks Brothers, Llc | Insider | Buy | 600,000 | $2.81 | $1,686,000.00 | | |
| 12/18/2017 | Wilks Brothers, Llc | Insider | Buy | 550,000 | $2.59 | $1,424,500.00 | | |
| 12/15/2017 | Wilks Brothers, Llc | Major Shareholder | Buy | 200,000 | $2.57 | $514,000.00 | | |
| 12/13/2017 | Wilks Brothers, Llc | Insider | Buy | 660,113 | $2.47 | $1,630,479.11 | | |
| 12/11/2017 | Wilks Brothers, Llc | Major Shareholder | Buy | 50,000 | $2.53 | $126,500.00 | | |
| 12/6/2017 | Wilks Brothers, Llc | Major Shareholder | Buy | 29,285 | $2.39 | $69,991.15 | | |
| 12/4/2017 | Wilks Brothers, Llc | Major Shareholder | Buy | 200,000 | $2.39 | $478,000.00 | | |
| 6/22/2017 | Wilks Brothers, Llc | Insider | Buy | 100,000 | $2.42 | $242,000.00 | | |
| 6/21/2017 | Wilks Brothers, Llc | Insider | Buy | 288,000 | $2.58 | $743,040.00 | | |
| 6/20/2017 | Wilks Brothers, Llc | Major Shareholder | Buy | 100,000 | $2.56 | $256,000.00 | | |
| 6/19/2017 | Wilks Brothers, Llc | Major Shareholder | Buy | 88,000 | $2.72 | $239,360.00 | | |
| 6/16/2017 | Wilks Brothers, Llc | Insider | Buy | 300,000 | $2.79 | $837,000.00 | | |
| 6/13/2017 | Wilks Brothers, Llc | Insider | Buy | 350,000 | $2.77 | $969,500.00 | | |
| 6/8/2017 | Wilks Brothers, Llc | Insider | Buy | 300,000 | $2.70 | $810,000.00 | | |
| 6/2/2017 | Wilks Brothers, Llc | Insider | Buy | 200,000 | $2.61 | $522,000.00 | | |
| 5/30/2017 | Wilks Brothers, Llc | Insider | Buy | 100,000 | $2.70 | $270,000.00 | | |
| 5/25/2017 | Wilks Brothers, Llc | Insider | Buy | 375,000 | $2.79 | $1,046,250.00 | | |
| 5/19/2017 | Wilks Brothers, Llc | Insider | Buy | 150,000 | $2.89 | $433,500.00 | | |
| 5/16/2017 | Wilks Brothers, Llc | Insider | Buy | 150,000 | $3.03 | $454,500.00 | | |
| 5/15/2017 | Wilks Brothers, Llc | Insider | Buy | 150,000 | $2.97 | $445,500.00 | | |
| 5/10/2017 | Vean J Gregg III | Director | Buy | 10,000 | $3.00 | $30,000.00 | 131,749 | |
| 5/10/2017 | Wilks Brothers, Llc | Insider | Buy | 200,000 | $2.81 | $562,000.00 | | |
| 11/13/2014 | Vean J Gregg III | Director | Buy | 10,000 | $11.88 | $118,800.00 | | |
| 11/10/2014 | Sheldon B Lubar | Director | Buy | 10,000 | $10.61 | $106,100.00 | | |
| 11/1/2013 | J. Ross Craft | CEO | Sell | 2,500 | $28.06 | $70,150.00 | | |
| 10/4/2013 | J. Ross Craft | CEO | Sell | 6,672 | $30.00 | $200,160.00 | 923,135 | |
| 10/4/2013 | Ralph Manoushagian | EVP | Sell | 2,888 | $30.00 | $86,640.00 | 256,650 | |
| 10/4/2013 | Steven Smart | CFO | Sell | 3,400 | $30.00 | $102,000.00 | 332,924 | |
| 8/1/2013 | J Curtis Henderson | EVP | Sell | 10,000 | $28.00 | $280,000.00 | 307,775 | |
| 8/1/2013 | J. Ross Craft | CEO | Sell | 5,000 | $28.00 | $140,000.00 | 934,807 | |
| 8/1/2013 | Steven Smart | CFO | Sell | 1,700 | $28.00 | $47,600.00 | 338,024 | |
| 7/15/2013 | J. Ross Craft | CEO | Sell | 9,000 | $25.97 | $233,730.00 | | |
| 6/12/2013 | Ralph P Manoushagian | EVP | Sell | 6,000 | $24.76 | $148,560.00 | | |
| 6/12/2013 | Steven P Smart | CFO | Sell | 5,000 | $24.78 | $123,900.00 | | |
| 9/13/2012 | Ralph P Manoushagian | EVP | Sell | 2,166 | $34.00 | $73,644.00 | | |
(Data available from 1/1/2013 forward)
Approach Resources (NASDAQ AREX) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Approach Resources: Debt Action
seekingalpha.com - April 20 at 10:54 AM |
 | Is Approach Resources Inc’s (NASDAQ:AREX) Balance Sheet Strong Enough To Weather A Storm?
finance.yahoo.com - April 20 at 10:54 AM |
 | Approach Resources Inc. Schedules First Quarter 2018 Earnings Conference Call for Thursday, May 3, 2018
www.businesswire.com - April 19 at 3:38 PM |
 | $29.21 Million in Sales Expected for Approach Resources Inc. (AREX) This Quarter
www.americanbankingnews.com - April 19 at 2:10 AM |
| Analysts Expect Approach Resources Inc. (AREX) to Post -$0.06 EPS
www.americanbankingnews.com - April 17 at 9:10 PM |
| BidaskClub Downgrades Approach Resources (AREX) to Sell
www.americanbankingnews.com - April 15 at 2:21 PM |
| Approach Resources Inc. (AREX) Receives Average Recommendation of "Hold" from Analysts
www.americanbankingnews.com - April 11 at 11:37 AM |
| ValuEngine Lowers Approach Resources (AREX) to Sell
www.americanbankingnews.com - April 10 at 5:02 PM |
| Approach Resources (AREX) Presents At 24th annual Oil & Gas Investment Symposium - Slideshow
seekingalpha.com - April 9 at 3:37 PM |
| Approach Resources Inc. (AREX) Expected to Post Quarterly Sales of $29.21 Million
www.americanbankingnews.com - April 2 at 1:48 AM |
| Approach Resources Inc. (AREX) Expected to Post Earnings of -$0.06 Per Share
www.americanbankingnews.com - March 31 at 11:12 PM |
| Approach Resources (AREX) Downgraded by ValuEngine
www.americanbankingnews.com - March 31 at 3:48 PM |
| Approach Resources: Take Advantage Of The Short-Term Reaction
seekingalpha.com - March 30 at 3:35 PM |
| Approach Resources (AREX) Upgraded at BidaskClub
www.americanbankingnews.com - March 28 at 7:04 PM |
| Approach Resources Inc. to Present at IPAA Oil & Gas Investment Symposium
finance.yahoo.com - March 28 at 10:37 AM |
| Seaport Global Securities Weighs in on Approach Resources Inc.'s FY2019 Earnings (AREX)
www.americanbankingnews.com - March 19 at 9:13 AM |
| Approach Resources Inc. (AREX) Given Consensus Rating of "Hold" by Brokerages
www.americanbankingnews.com - March 17 at 11:48 AM |
| Approach Resources Inc. (AREX) to Post FY2019 Earnings of ($0.13) Per Share, KeyCorp Forecasts
www.americanbankingnews.com - March 16 at 2:20 PM |
| Brokerages Expect Approach Resources Inc. (AREX) Will Post Quarterly Sales of $30.35 Million
www.americanbankingnews.com - March 16 at 2:32 AM |
| Approach Resources Inc. (AREX) Expected to Announce Earnings of -$0.06 Per Share
www.americanbankingnews.com - March 14 at 7:11 PM |
| Q1 2018 Earnings Forecast for Approach Resources Inc. Issued By Imperial Capital (AREX)
www.americanbankingnews.com - March 14 at 8:45 AM |
| Approach Resources (AREX) Q4 2017 Earnings Conference Call Transcript
finance.yahoo.com - March 11 at 11:03 AM |
| Approach Resources meets 4Q profit forecasts
finance.yahoo.com - March 10 at 10:39 AM |
| Approach Resources Inc. Reports Fourth Quarter and Full-Year 2017 Financial and Operating Results and Provides 2018 Outlook
finance.yahoo.com - March 10 at 10:39 AM |
| Approach Resources Inc. Reports Fourth Quarter and Full-Year ... - Business Wire (press release)
www.businesswire.com - March 9 at 10:27 AM |
| Approach Resources (AREX) Posts Earnings Results, Meets Estimates
www.americanbankingnews.com - March 8 at 9:12 PM |
| Approach Resources (AREX) to Release Quarterly Earnings on Thursday
www.americanbankingnews.com - March 1 at 1:12 AM |
| Is There Now An Opportunity In Approach Resources Inc (NASDAQ:AREX)?
finance.yahoo.com - February 28 at 10:34 AM |
| Zacks: Brokerages Expect Approach Resources Inc. (AREX) Will Post Quarterly Sales of $28.73 Million
www.americanbankingnews.com - February 27 at 4:16 AM |
| Brokerages Anticipate Approach Resources Inc. (AREX) to Announce -$0.07 EPS
www.americanbankingnews.com - February 25 at 9:18 PM |
| Approach Resources Inc. (AREX) Receives Consensus Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - February 20 at 12:02 PM |
| Denbury Resources (DNR) and Approach Resources (AREX) Critical Comparison
www.americanbankingnews.com - February 16 at 3:28 PM |
| Comparing Approach Resources (AREX) and Cimarex Energy (XEC)
www.americanbankingnews.com - February 15 at 3:12 PM |
| Zacks: Analysts Anticipate Approach Resources Inc. (AREX) Will Post Quarterly Sales of $28.41 Million
www.americanbankingnews.com - February 11 at 8:54 AM |
| BidaskClub Downgrades Approach Resources (AREX) to Hold
www.americanbankingnews.com - February 10 at 9:16 PM |
| -$0.07 Earnings Per Share Expected for Approach Resources Inc. (AREX) This Quarter
www.americanbankingnews.com - February 9 at 5:08 AM |
| Seaport Global Securities Comments on Approach Resources Inc.'s FY2017 Earnings (AREX)
www.americanbankingnews.com - February 7 at 8:36 AM |
| Approach Resources Inc. Schedules Fourth Quarter and Full-Year 2017 Earnings Call
finance.yahoo.com - February 7 at 5:36 AM |
| Approach Resources Inc. (AREX) Given Consensus Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - January 26 at 12:26 PM |
| Q4 2017 EPS Estimates for Approach Resources Inc. Boosted by Imperial Capital (AREX)
www.americanbankingnews.com - January 26 at 6:46 AM |
| Brokerages Expect Approach Resources Inc. (AREX) Will Announce Quarterly Sales of $28.81 Million
www.americanbankingnews.com - January 25 at 5:28 AM |
| KeyCorp Comments on Approach Resources Inc.'s FY2017 Earnings (AREX)
www.americanbankingnews.com - January 24 at 7:40 AM |
| Approach Resources (AREX) Downgraded by Zacks Investment Research
www.americanbankingnews.com - January 19 at 6:02 PM |
| OECD’s Crude Oil Inventories: Trump Card for Crude Oil Bulls?
finance.yahoo.com - January 18 at 11:53 AM |
| Analyzing Wall Street Targets for WLL, AREX, AROC, and IO
finance.yahoo.com - January 18 at 11:53 AM |
| Approach Resources Inc. (AREX) Major Shareholder Wilks Brothers, Llc Buys 200,000 Shares
www.americanbankingnews.com - January 12 at 9:28 PM |
| Approach Resources (AREX) Upgraded by Zacks Investment Research to Buy
www.americanbankingnews.com - January 12 at 4:28 PM |
| Approach Resources Inc. (AREX) Insider Wilks Brothers, Llc Acquires 450,000 Shares
www.americanbankingnews.com - January 11 at 9:40 PM |
| Approach Resources Inc. (AREX) Expected to Announce Quarterly Sales of $28.78 Million
www.americanbankingnews.com - January 8 at 11:36 PM |
| -$0.07 EPS Expected for Approach Resources Inc. (AREX) This Quarter
www.americanbankingnews.com - January 6 at 3:08 AM |
Approach Resources (NASDAQ:AREX) SEC Filings
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Approach Resources (NASDAQ:AREX) Income Statement, Balance Sheet and Cash Flow Statement
Approach Resources (NASDAQ AREX) Stock Chart for Saturday, April, 21, 2018
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