Stock on Analyst Radar: Approach Res. Inc (AREX)

Mae Love
January 13, 2018

In other Approach Resources news, major shareholder Wilks Brothers, Llc bought 150,000 shares of Approach Resources stock in a transaction that occurred on Friday, December 28th. Approach Res. Inc (NASDAQ:AREX)'s price to sales ratio for trailing twelve month stands at 3.31, whereas its price to book ratio for the most recent quarters is at 0.63.

On Wednesday, December 26th, Wilks Brothers, Llc bought 150,000 shares of Approach Resources stock. In a transaction dated December 27, 2017, the shares were bought at an average price of $2.86, giving away a sum of $1,001,000. KS now owns 61,700 shares of the energy company's stock valued at $155,000 after acquiring an additional 25,000 shares during the last quarter. However the six-month change in the insider ownership was recorded 250.23%, as well as three-month change in the institutional ownership was recorded 4.52%. Now shares of Pioneer Energy Services Corp (NYSE:PES) have an average brokerage recommendation (ABR) of 2 number of Recs in ABR is 8 however the company's industry rank by ABR is 178 out of 265.

On Wednesday, December 20th, Wilks Brothers, Llc bought 600,000 shares of Approach Resources stock. At present, 1 analysts recommended Holding these shares while 2 recommended sell, according to FactSet data. Taking current value along prior value is a smoothing technique similar to that used in calculating an exponential moving average.

On Monday, December 18th, Wilks Brothers, Llc bought 550,000 shares of Approach Resources stock. The stock was bought at an average price of $2.59 per share, for a total transaction of $1,424,500.00.

On Monday, December 11th, Wilks Brothers, Llc acquired 50,000 shares of Approach Resources stock. Virtu KCG Holdings LLC lifted its stake in shares of Approach Resources by 182.8% in the 2nd quarter. The shares were bought at an average cost of $2.86 per share, for a total transaction of $1,001,000.00. Past 5 years growth of the company observed at 20.76%, and for the next five years the analysts that follow the company are expecting its growth at 4%. (NASDAQ:MNTX). Perritt Capital Mngmt Inc owns 217,830 shares. A total of 1.94 Million shares exchanged hands during the intra-day trade compared with its average trading volume of 529 Million shares, while its relative volume stands at 3.66. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.69.

Taking a broader look at the analyst consensus, according to 6 analysts Approach Res. Inc (NASDAQ:AREX)'s price will reach at $2.38 during 52 weeks. The firm has a market capitalization of $338.27, a P/E ratio of -1.55 and a beta of 2.67.

Wall Street analysts are predicting that Approach Res. Inc (NASDAQ:AREX) will report earnings per share of $-0.07 in their quarterly report. The energy company reported ($0.08) EPS for the quarter, topping the Zacks' consensus estimate of ($0.09) by $0.01. The difference between the expected and actual EPS was $0.01/share, which represents an Earnings surprise of 11.1%.

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A number of other research firms also recently issued reports on AREX.

Moreover, Deutsche Retail Bank Ag has 0% invested in Approach Resources, Inc. If the $4.44 price target is reached, the company will be worth $22.80M more. New York State Common Retirement Fund acquired a new position in shares of Approach Resources during the second quarter valued at approximately $154,000. RBC Capital Markets maintained Approach Resources, Inc. KS lifted its stake in shares of Approach Resources by 68.1% in the 3rd quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Approach Resources by 14.6% in the second quarter. KeyCorp reissued a "hold" rating on shares of Approach Resources in a research note on Thursday, October 12th. BidaskClub upgraded Approach Resources from a "hold" rating to a "buy" rating in a research note on Thursday.

Approach Resources (NASDAQ:AREX) last posted its earnings results on Wednesday, November 1st. ValuEngine lowered shares of Approach Resources from a "sell" rating to a "strong sell" rating in a research report on Sunday, December 31st.

For Pioneer Energy Services Corp (NYSE:PES) out of the analyst recommendations 1 analysts recommend stock a Buy, 4 rate the stock Outperform, 5 analysts recommend to Hold the stock, 0 rate Underperform and 0 analysts recommend the stock a Sell.

Analysts await Approach Resources, Inc. Approach Res. Inc (NASDAQ:AREX)'s price sits 50.89% above from its SMA 50 of $2.73 and 49.64% far from the SMA 200 which is at $2.66. (NASDAQ:AREX). American Gp holds 0% or 28,849 shares. If you are reading this news story on another publication, it was copied illegally and republished in violation of global trademark & copyright legislation.

Approach Resources, Inc., an independent energy company, focuses on the acquisition, exploration, development, and production of unconventional gas and oil reserves in the United States.

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