Press coverage about Approach Resources (NASDAQ:AREX) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Approach Resources earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave media stories about the energy company an impact score of 47.1103038136674 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
- Imperial Capital Weighs in on Approach Resources Inc.’s Q1 2018 Earnings (AREX) (americanbankingnews.com)
- Analyzing Approach Resources (AREX) & Its Rivals (americanbankingnews.com)
- Approach Resources Inc. (AREX) Downgraded to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Approach Resources Inc. (AREX) Issues Quarterly Earnings Results (americanbankingnews.com)
- Notable Stocks Buzz: Crocs, Inc., (NASDAQ: CROX), Approach … – Stocks In The News (press release) (tradingnewsnow.com)
Shares of Approach Resources (AREX) traded up $0.05 during mid-day trading on Monday, reaching $2.49. 730,647 shares of the company’s stock were exchanged, compared to its average volume of 456,627. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.69. Approach Resources has a 12-month low of $1.93 and a 12-month high of $4.33.
Approach Resources (NASDAQ:AREX) last announced its quarterly earnings results on Wednesday, November 1st. The energy company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. The firm had revenue of $25.61 million during the quarter, compared to analysts’ expectations of $25.74 million. Approach Resources had a negative net margin of 165.95% and a negative return on equity of 6.39%. equities research analysts predict that Approach Resources will post -0.39 earnings per share for the current fiscal year.
A number of research analysts recently weighed in on AREX shares. ValuEngine downgraded shares of Approach Resources from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of Approach Resources from a “hold” rating to a “buy” rating and set a $2.50 target price for the company in a research report on Tuesday, October 31st. Imperial Capital started coverage on shares of Approach Resources in a research report on Friday, August 18th. They issued an “in-line” rating and a $2.50 target price for the company. Robert W. Baird reaffirmed a “hold” rating and issued a $4.00 target price on shares of Approach Resources in a research report on Tuesday, September 26th. Finally, BidaskClub downgraded shares of Approach Resources from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $2.75.
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Approach Resources Company Profile
Approach Resources Inc is an independent energy company. The Company is focused on the exploration, development, production and acquisition of unconventional oil and gas reserves in the Midland Basin of the greater Permian Basin in West Texas. The Company’s business segment is the exploration and production of oil, natural gas liquids (NGLs) and natural gas.
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