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

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$1.01 -0.03 (-2.88 %)
(As of 01/23/2019 04:00 PM ET)
Previous Close$1.04
Today's Range$1.00 - $1.07
52-Week Range$0.83 - $3.72
Volume281,800 shs
Average Volume229,453 shs
Market Capitalization$95.45 million
P/E Ratio-2.78
Dividend YieldN/A
Beta2.92
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$105.35 million
Cash Flow$0.4489 per share
Book Value$7.02 per share

Profitability

Net Income$-112,350,000.00

Miscellaneous

Employees97
Market Cap$95.45 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) posted its quarterly earnings data on Thursday, November, 8th. The energy company reported ($0.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.10) by $0.06. The energy company had revenue of $32.56 million for 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 analysts have issued 12-month price targets for Approach Resources' stock. Their predictions range from $3.00 to $3.00. On average, they expect Approach Resources' share price to reach $3.00 in the next twelve months. This suggests a possible upside of 197.0% 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 negative recently, InfoTrie Sentiment reports. The research firm identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Approach Resources earned a coverage optimism score of -2.0 on InfoTrie's scale. They also assigned news articles about the energy company a news buzz of 2.0 out of 10, indicating that recent media coverage is very unlikely to have an effect on the stock's share price in the near future.

Who are some of Approach Resources' key competitors?

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 $1.01.

How big of a company is Approach Resources?

Approach Resources has a market capitalization of $95.45 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 (star star)
Outperform Votes:  375 (Vote Outperform)
Underperform Votes:  442 (Vote Underperform)
Total Votes:  817
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 1/23/2019 by MarketBeat.com Staff

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