News coverage about Approach Resources (NASDAQ:AREX) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Approach Resources earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave news headlines about the energy company an impact score of 45.2151871783482 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the headlines that may have impacted Accern Sentiment’s scoring:

Several equities analysts have recently issued reports on the company. ValuEngine lowered Approach Resources from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Robert W. Baird reiterated a “hold” rating and issued a $4.00 price objective on shares of Approach Resources in a report on Tuesday, September 26th. Imperial Capital started coverage on Approach Resources in a report on Friday, August 18th. They issued an “in-line” rating and a $2.50 price objective for the company. Zacks Investment Research upgraded Approach Resources from a “sell” rating to a “hold” rating in a report on Tuesday, September 19th. Finally, KeyCorp reiterated a “hold” rating on shares of Approach Resources in a report on Monday, November 13th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Approach Resources presently has a consensus rating of “Hold” and an average price target of $2.79.

Approach Resources (NASDAQ:AREX) traded down $0.01 during midday trading on Monday, reaching $2.49. The company had a trading volume of 506,300 shares, compared to its average volume of 761,664. 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 fifty-two week low of $1.93 and a fifty-two week high of $4.33.

Approach Resources (NASDAQ:AREX) last released its quarterly earnings data on Wednesday, November 1st. The energy company reported ($0.08) EPS for the quarter, beating 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 business had revenue of $25.61 million during the quarter, compared to the consensus estimate of $25.74 million. equities research analysts predict that Approach Resources will post -0.37 EPS for the current year.

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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.

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

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