NASDAQ:AREX', 'Approach Resources Inc.', 'http://weeklyregister.com/weekly-register-logo.png');

How Analysts Feel About Approach Resources, Inc. (NASDAQ:AREX)?

December 7, 2017 - By Kurt Siggers

 How Analysts Feel About Approach Resources, Inc. (NASDAQ:AREX)?
Investors sentiment increased to 1.5 in Q2 2017. Its up 0.24, from 1.26 in 2017Q1. It is positive, as 21 investors sold Approach Resources, Inc. shares while 13 reduced holdings. 26 funds opened positions while 25 raised stakes. 20.50 million shares or 10.85% less from 23.00 million shares in 2017Q1 were reported.
Dimensional Fund Advsrs Lp holds 161,294 shares or 0% of its portfolio. 135,200 were accumulated by Needham Investment Limited Liability Com. 10,000 were reported by Hl Fincl Svcs Limited Co. United Serv Automobile Association reported 0% of its portfolio in Approach Resources, Inc. (NASDAQ:AREX). State Street invested in 0% or 491,375 shares. Moreover, Edge Wealth Mgmt Lc has 0.05% invested in Approach Resources, Inc. (NASDAQ:AREX) for 50,000 shares. Kornitzer Capital Inc Ks holds 36,700 shares. Morgan Stanley stated it has 0% in Approach Resources, Inc. (NASDAQ:AREX). Portolan Cap Mgmt Ltd Limited Liability Company accumulated 572,373 shares. Retail Bank Of Ny Mellon Corporation owns 195,714 shares or 0% of their US portfolio. Nationwide Fund Advisors owns 0% invested in Approach Resources, Inc. (NASDAQ:AREX) for 24,367 shares. Goldman Sachs Gp has 681,103 shares. Invesco Ltd reported 0% of its portfolio in Approach Resources, Inc. (NASDAQ:AREX). 13,592 were reported by Brandywine Global Inv Ltd Limited Liability Company. City Holdg holds 0% or 2,500 shares.

Approach Resources, Inc. (NASDAQ:AREX) Ratings Coverage

Among 13 analysts covering Approach Resources (NASDAQ:AREX), 2 have Buy rating, 1 Sell and 10 Hold. Therefore 15% are positive. Approach Resources had 24 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Hold” rating by Suntrust Robinson given on Wednesday, October 26. The firm has “Hold” rating by SunTrust given on Wednesday, October 26. The company was downgraded on Wednesday, September 9 by Macquarie Research. The firm has “Accumulate” rating given on Monday, August 10 by KLR Group. Wunderlich maintained Approach Resources, Inc. (NASDAQ:AREX) on Tuesday, May 24 with “Hold” rating. Robert W. Baird maintained Approach Resources, Inc. (NASDAQ:AREX) on Tuesday, September 26 with “Hold” rating. Seaport Global downgraded the stock to “Sell” rating in Wednesday, June 21 report. The firm earned “Outperform” rating on Friday, August 7 by RBC Capital Markets. As per Wednesday, October 26, the company rating was upgraded by Wunderlich. The rating was maintained by KeyBanc Capital Markets with “Hold” on Tuesday, September 5. Below is a list of Approach Resources, Inc. (NASDAQ:AREX) latest ratings and price target changes.

13/11/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
26/09/2017 Broker: Robert W. Baird Rating: Hold New Target: $4.0 Maintain
05/09/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
18/08/2017 Broker: Imperial Capital Rating: In-Line New Target: $2.5 Initiates Coverage On
29/06/2017 Broker: Scotia Capital Rating: Hold New Target: $3.0000
21/06/2017 Broker: Seaport Global Old Rating: Hold New Rating: Sell Downgrade

The stock increased 1.26% or $0.03 during the last trading session, reaching $2.42. About 246,699 shares traded. Approach Resources, Inc. (NASDAQ:AREX) has risen 23.01% since December 7, 2016 and is uptrending. It has outperformed by 6.31% the S&P500.

Approach Resources, Inc., an independent energy company, focuses on the acquisition, exploration, development, and production of unconventional gas and oil reserves in the United States. The company has market cap of $201.36 million. The companyÂ’s properties are primarily located in the Permian Basin in west Texas. It currently has negative earnings. It also owns interests in east Texas Basin.

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