Press coverage about Approach Resources (NASDAQ:AREX) has trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded 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 0.21 on Accern’s scale. Accern also assigned headlines about the energy company an impact score of 44.9695928384452 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
Shares of Approach Resources (NASDAQ AREX) opened at $2.57 on Friday. Approach Resources has a twelve month low of $1.93 and a twelve month high of $3.89. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.41 and a current ratio of 0.41.
Approach Resources (NASDAQ:AREX) last issued its quarterly earnings data on Wednesday, November 1st. The energy company reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $25.61 million for the quarter, compared to analysts’ expectations of $25.74 million. research analysts anticipate that Approach Resources will post -0.37 earnings per share for the current year.
AREX has been the topic of a number of research analyst reports. Scotiabank reissued a “hold” rating and issued a $3.00 price target on shares of Approach Resources in a report on Wednesday, November 22nd. KeyCorp reissued a “hold” rating on shares of Approach Resources in a report on Monday, November 13th. Zacks Investment Research raised Approach Resources from a “hold” rating to a “buy” rating and set a $2.75 price target on the stock in a report on Tuesday, November 7th. Robert W. Baird reissued a “hold” rating and issued a $4.00 price target on shares of Approach Resources in a report on Tuesday, September 26th. Finally, ValuEngine cut Approach Resources from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $2.79.
In related news, major shareholder Wilks Brothers, Llc purchased 200,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were bought at an average price of $2.39 per share, for a total transaction of $478,000.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have purchased a total of 939,398 shares of company stock worth $2,304,970 in the last 90 days. 5.10% of the stock is currently owned by insiders.
TRADEMARK VIOLATION NOTICE: This story was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this story on another site, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The original version of this story can be read at https://www.dispatchtribunal.com/2017/12/15/approach-resources-arex-receiving-somewhat-favorable-press-coverage-accern-reports.html.
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.
Receive News & Ratings for Approach Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Approach Resources and related companies with MarketBeat.com's FREE daily email newsletter.