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
Stock Exchange NASDAQ
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
Current SymbolNASDAQ:AREX
Previous Symbol
CUSIP03834A10
Phone817-989-9000
Debt
Debt-to-Equity Ratio0.64
Current Ratio0.35
Quick Ratio0.35
Price-To-Earnings
Trailing P/E Ratio-3.81
Forward P/E Ratio-5.71
P/E GrowthN/A
Sales & Book Value
Annual Sales$105.35 million
Price / Sales1.23
Cash Flow$0.4740 per share
Price / Cash2.89
Book Value$6.22 per share
Price / Book0.22
Profitability
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 Shares94,510,000
Market Cap$131.36 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) issued its earnings results on Thursday, November, 8th. The energy company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.06. The energy company had revenue of $32.56 million for the quarter, compared to the consensus estimate of $30.07 million. Approach Resources had a net margin of 20.85% and a negative return on equity of 4.04%. View Approach Resources' Earnings History.
When is Approach Resources' next earnings date?
What price target have analysts set for AREX?
2 brokers have issued 1 year target prices for Approach Resources' stock. Their forecasts range from $3.00 to $3.00. On average, they expect Approach Resources' stock price to reach $3.00 in the next twelve months. This suggests a possible upside of 119.0% from the stock's current price. View Analyst Price Targets for Approach Resources.
What is the consensus analysts' recommendation for Approach Resources?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Approach Resources in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Approach Resources.
Has Approach Resources been receiving favorable news coverage?
Media stories about AREX stock have trended somewhat positive on Saturday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Approach Resources earned a coverage optimism score of 1.2 on InfoTrie's scale. They also gave news articles about the energy company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect 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 Freedom (FRHC), Earthstone Energy (ESTE), Halcon Resources (HK), Advantage Oil & Gas (AAVVF), Eclipse Resources (ECR), SandRidge Energy (SD), Ultra Petroleum (UPL), Pengrowth Energy (PGHEF), TETRA Technologies (TTI), Enterprise GP (EPE), Isramco (ISRL), SilverBow Resources (SBOW), Legacy Reserves (LGCY), Panhandle Oil and Gas (PHX) 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)
Who are Approach Resources' major shareholders?
Approach Resources' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Kayne Anderson Capital Advisors LP (4.80%), Bridgeway Capital Management Inc. (1.07%), First Manhattan Co. (0.68%), Panagora Asset Management Inc. (0.23%) and GSA Capital Partners LLP (0.17%). Company insiders that own Approach Resources stock include Vean J Gregg III and Wilks Brothers, Llc. View Institutional Ownership Trends for Approach Resources.
Which major investors are selling Approach Resources stock?
Which major investors are buying Approach Resources stock?
AREX stock was purchased by a variety of institutional investors in the last quarter, including Bridgeway Capital Management 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.
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 $1.37.
How big of a company is Approach Resources?
Approach Resources has a market capitalization of $131.36 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?
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)
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.
