Approach Resources (AREX) Receiving Somewhat Positive Media Coverage, Analysis Shows

Headlines about Approach Resources (NASDAQ:AREX) have been trending somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Approach Resources earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news articles about the energy company an impact score of 46.6442693946175 out of 100, indicating that recent media 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 impacted Accern’s analysis:

Several research firms recently commented on AREX. Zacks Investment Research upgraded Approach Resources from a “hold” rating to a “buy” rating and set a $2.75 target price for the company in a research report on Tuesday, November 7th. ValuEngine cut Approach Resources from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Robert W. Baird restated a “hold” rating and set a $4.00 target price on shares of Approach Resources in a research report on Tuesday, September 26th. Imperial Capital began coverage on Approach Resources in a research report on Friday, August 18th. They set an “in-line” rating and a $2.50 target price for the company. Finally, BidaskClub cut 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, four have issued a hold rating and two have assigned a buy rating to the stock. Approach Resources has a consensus rating of “Hold” and a consensus target price of $2.79.

Approach Resources (AREX) traded down $0.01 on Monday, hitting $2.37. The stock had a trading volume of 242,300 shares, compared to its average volume of 788,336. Approach Resources has a 1 year low of $1.93 and a 1 year high of $4.33. 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 posted its quarterly earnings data on Wednesday, November 1st. The energy company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01. Approach Resources had a negative return on equity of 6.39% and a negative net margin of 165.95%. The firm had revenue of $25.61 million during the quarter, compared to analysts’ expectations of $25.74 million. equities research analysts expect that Approach Resources will post -0.39 EPS for the current year.

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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.

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