Approach Resources (AREX) Given Coverage Optimism Score of 0.09

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News headlines about Approach Resources (NASDAQ:AREX) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Approach Resources earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned news articles about the energy company an impact score of 46.507029519758 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Shares of Approach Resources traded up $0.16, reaching $2.55, during trading on Friday, MarketBeat reports. The company’s stock had a trading volume of 1,417,817 shares, compared to its average volume of 614,745. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market capitalization of $237.51 million, a price-to-earnings ratio of -7.08 and a beta of 2.76. Approach Resources has a 1-year low of $2.18 and a 1-year high of $4.21.

Approach Resources (NASDAQ:AREX) last posted its quarterly earnings data on Wednesday, May 2nd. The energy company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.01). The business had revenue of $28.77 million during the quarter, compared to analyst estimates of $29.15 million. Approach Resources had a negative return on equity of 5.10% and a net margin of 19.45%. equities research analysts anticipate that Approach Resources will post -0.28 earnings per share for the current fiscal year.

Several analysts have issued reports on the company. Zacks Investment Research raised Approach Resources from a “sell” rating to a “hold” rating in a research report on Monday, May 21st. ValuEngine raised Approach Resources from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 2nd. BidaskClub cut Approach Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, June 5th. Finally, KLR Group cut Approach Resources from a “buy” rating to a “hold” rating and set a $3.00 price objective for the company. in a research report on Monday, May 14th. Eight analysts have rated the stock with a hold rating, Approach Resources has a consensus rating of “Hold” and an average target price of $3.40.

About Approach Resources

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.

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