Press coverage about Approach Resources (NASDAQ:AREX) has trended somewhat positive on Friday, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 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 daily sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the energy company an impact score of 46.7577890414097 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Several equities analysts recently issued reports on the stock. BidaskClub raised shares of Approach Resources from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Zacks Investment Research raised shares of Approach Resources from a “hold” rating to a “buy” rating and set a $4.50 price target for the company in a research report on Friday, January 12th. Finally, ValuEngine lowered shares of Approach Resources from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $2.90.
AREX stock traded down $0.01 on Friday, hitting $2.66. 192,672 shares of the company were exchanged, compared to its average volume of 576,339. Approach Resources has a twelve month low of $1.95 and a twelve month high of $4.21. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market capitalization of $260.36, a price-to-earnings ratio of -7.36 and a beta of 2.76.
Approach Resources Company Profile
Approach Resources, Inc, an independent energy company, focuses on the acquisition, exploration, development, and production of unconventional oil and gas reserves in the United States. The company's properties are primarily located in the Permian Basin in west Texas. It also owns interests in east Texas Basin.
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.