Approach Resources (AREX) Receiving Somewhat Favorable Media Coverage, Study Finds

News headlines about Approach Resources (NASDAQ:AREX) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Approach Resources earned a coverage optimism score of 0.01 on Accern’s scale. Accern also gave media stories about the energy company an impact score of 47.4195361817058 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the media stories that may have effected Accern’s scoring:

Shares of Approach Resources (NASDAQ:AREX) opened at $2.85 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.41 and a quick ratio of 0.41. The stock has a market cap of $234.24, a PE ratio of -1.13 and a beta of 2.67. Approach Resources has a 1-year low of $1.93 and a 1-year high of $3.69.

Approach Resources (NASDAQ:AREX) last announced its earnings results on Wednesday, November 1st. The energy company reported ($0.08) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.01. The company had revenue of $25.61 million during the quarter, compared to analyst estimates of $25.74 million. Approach Resources had a negative net margin of 165.95% and a negative return on equity of 6.39%. research analysts expect that Approach Resources will post -0.36 EPS for the current fiscal year.

A number of equities research analysts have recently commented on AREX shares. KeyCorp reiterated a “hold” rating on shares of Approach Resources in a research report on Monday, November 13th. Robert W. Baird reiterated a “hold” rating and issued a $4.00 target price on shares of Approach Resources in a research report on Tuesday, September 26th. Zacks Investment Research upgraded shares of Approach Resources from a “strong sell” rating to a “hold” rating in a research report on Monday, October 23rd. Scotiabank reiterated a “hold” rating and issued a $3.00 target price on shares of Approach Resources in a research report on Wednesday, November 22nd. Finally, ValuEngine lowered shares of Approach Resources from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Approach Resources currently has an average rating of “Hold” and an average target price of $2.79.

In other Approach Resources news, major shareholder Wilks Brothers, Llc acquired 200,000 shares of the stock in a transaction dated Monday, December 4th. The stock was acquired at an average price of $2.39 per share, with a total value of $478,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have acquired 2,289,398 shares of company stock valued at $5,929,470. 5.10% of the stock is currently owned by insiders.

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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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