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NASDAQ:AREXApproach Resources Stock Price, Forecast & News

$0.0064
0.00 (0.00 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$0.01
Now: $0.01
$0.01
50-Day Range
$0.00
MA: $0.01
$0.02
52-Week Range
$0.02
Now: $0.01
$1.45
Volume139,154 shs
Average Volume694,788 shs
Market Capitalization$599,449.60
P/E RatioN/A
Dividend YieldN/A
Beta3.17
Approach Resources, Inc., an independent energy company, focuses on the acquisition, exploration, development, and production of unconventional oil and gas reserves. 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, 2018, its estimated proved reserves were 180.1 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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Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

0.91 out of 5 stars


Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
Current SymbolNASDAQ:AREX
CUSIP03834A10
Phone817-989-9000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$114.04 million
Cash Flow$0.03 per share
Book Value$6.24 per share

Profitability

Net Income$-19,910,000.00

Miscellaneous

Employees99
Market Cap$599,449.60
Next Earnings Date8/6/2020 (Estimated)
OptionableOptionable

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Approach Resources (NASDAQ:AREX) Frequently Asked Questions

How has Approach Resources' stock been impacted by COVID-19 (Coronavirus)?

Approach Resources' stock was trading at $0.0125 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, AREX shares have decreased by 48.8% and is now trading at $0.0064. View which stocks have been most impacted by Coronavirus.

When is Approach Resources' next earnings date?

Approach Resources is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Approach Resources.

How were Approach Resources' earnings last quarter?

Approach Resources Inc. (NASDAQ:AREX) issued its earnings results on Thursday, August, 8th. The energy company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.10) by $0.04. The energy company earned $14.72 million during the quarter, compared to the consensus estimate of $20.61 million. Approach Resources had a negative return on equity of 5.64% and a negative net margin of 38.00%. View Approach Resources' earnings history.

Has Approach Resources been receiving favorable news coverage?

Headlines about AREX stock have been trending extremely negative on Sunday, according to InfoTrie. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public 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 -5.0 on InfoTrie's scale. They also gave headlines about the energy company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the immediate future. View the latest news aboutApproach Resources.

Who are some of Approach Resources' key competitors?

What other stocks do shareholders of Approach Resources own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Approach Resources investors own include Reata Pharmaceuticals (RETA), Precision Drilling (PDS), First Financial Bankshares (FFIN), Synlogic (SYBX), Basic Energy Services (BAS), Precision Drilling (PD), Archrock (AROC), Targa Resources (TRGP), Endologix (ELGX) and EVINE Live (EVLV).

Who are Approach Resources' key executives?

Approach Resources' management team includes the following people:
  • Mr. Sergei Krylov, CEO & CFO (Age 42)
  • Mr. J. Curtis Henderson, Chief Admin. Officer (Age 56)
  • Mr. Ian M. Shaw, Chief Accounting Officer (Age 35)
  • Mr. Joshua E. Dazey, VP, Gen. Counsel & Corp. Sec.
  • Mr. Troy A. Hoefer, Sr. VP of Engineering

What is Approach Resources' stock symbol?

Approach Resources trades on the NASDAQ under the ticker symbol "AREX."

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, Robinhood, Fidelity, and Charles Schwab.

What is Approach Resources' stock price today?

One share of AREX stock can currently be purchased for approximately $0.01.

How big of a company is Approach Resources?

Approach Resources has a market capitalization of $599,449.60 and generates $114.04 million in revenue each year. The energy company earns $-19,910,000.00 in net income (profit) each year or ($0.26) on an earnings per share basis. Approach Resources employs 99 workers across the globe.

What is Approach Resources' official website?

The official website for Approach Resources is 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]

This page was last updated on 6/7/2020 by MarketBeat.com Staff

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