Approach Resources (AREX) Earning Somewhat Positive Press Coverage, Report Finds

Press coverage about Approach Resources (NASDAQ:AREX) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. 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 media sentiment score of 0.10 on Accern’s scale. Accern also gave news headlines about the energy company an impact score of 47.3124820100163 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:

Shares of Approach Resources (NASDAQ:AREX) traded down $0.02 on Monday, hitting $3.16. 375,500 shares of the stock were exchanged, compared to its average volume of 614,225. The stock has a market capitalization of $267.76, a price-to-earnings ratio of -1.25 and a beta of 2.67. Approach Resources has a 1 year low of $1.93 and a 1 year high of $3.56. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.41 and a quick ratio of 0.41.

Approach Resources (NASDAQ:AREX) last issued its earnings results on Wednesday, November 1st. The energy company reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.01. The firm 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%. equities analysts forecast that Approach Resources will post -0.36 EPS for the current year.

A number of analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Approach Resources from a “hold” rating to a “sell” rating in a research note on Monday, October 9th. KeyCorp reissued a “hold” rating on shares of Approach Resources in a research note on Thursday, October 12th. Scotiabank reissued a “hold” rating and set a $3.00 target price on shares of Approach Resources in a research note on Wednesday, November 22nd. ValuEngine lowered shares of Approach Resources from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. Finally, Robert W. Baird reissued a “hold” rating and set a $4.00 target price on shares of Approach Resources in a research note on Tuesday, September 26th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $2.88.

In other news, insider Wilks Brothers, Llc acquired 660,113 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was purchased at an average cost of $2.47 per share, for a total transaction of $1,630,479.11. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders purchased 3,439,398 shares of company stock valued at $9,444,470 over the last 90 days. 5.10% of the stock is currently owned by corporate insiders.

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About Approach Resources

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.

Insider Buying and Selling by Quarter for Approach Resources (NASDAQ:AREX)

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