Media headlines about Approach Resources (NASDAQ:AREX) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by analyzing more than 20 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 media sentiment score of 0.21 on Accern’s scale. Accern also gave media coverage about the energy company an impact score of 45.0593252698526 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Approach Resources Inc. (AREX) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
- In For the Long Haul? Approach Resources, Inc. (NasdaqGS:AREX) Quant Signals in Focus – Danvers Record (danversrecord.com)
- Will US Shale Players Gain From OPEC's Deal Extension? (finance.yahoo.com)
- Before You Buy Approach Resources Inc’s (AREX), You Should Consider This (finance.yahoo.com)
- Brokerages Anticipate Approach Resources Inc. (AREX) Will Post Earnings of -$0.07 Per Share (americanbankingnews.com)
Shares of Approach Resources (NASDAQ AREX) traded down $0.01 during trading hours on Friday, hitting $2.41. 160,746 shares of the stock were exchanged, compared to its average volume of 328,720. Approach Resources has a 1-year low of $1.93 and a 1-year high of $4.33. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.41 and a quick ratio of 0.41.
Approach Resources (NASDAQ:AREX) last announced its earnings results 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 net margin of 165.95% and a negative return on equity of 6.39%. The business had revenue of $25.61 million during the quarter, compared to analysts’ expectations of $25.74 million. sell-side analysts predict that Approach Resources will post -0.37 EPS for the current year.
Several equities analysts have issued reports on AREX shares. Zacks Investment Research upgraded shares of Approach Resources from a “hold” rating to a “buy” rating and set a $2.75 price objective for the company in a research note on Tuesday, November 7th. ValuEngine downgraded shares of Approach Resources from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Scotiabank restated a “hold” rating and issued a $3.00 price objective on shares of Approach Resources in a research note on Wednesday, November 22nd. KeyCorp reaffirmed a “hold” rating on shares of Approach Resources in a report on Monday, November 13th. Finally, Imperial Capital started coverage on shares of Approach Resources in a report on Friday, August 18th. They issued an “in-line” rating and a $2.50 target price for the company. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Approach Resources currently has an average rating of “Hold” and a consensus price target of $2.79.
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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.
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