Press coverage about Approach Resources (NASDAQ:AREX) has trended somewhat negative this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Approach Resources earned a media sentiment score of 0.00 on Accern’s scale. Accern also assigned news stories about the energy company an impact score of 47.9469874916432 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Environmental group: Wolf is ignoring Supreme Court decision, misusing money from gas drilling (stateimpact.npr.org)
- Average True Range (ATR 14) Evaluation: Approach Resources, Inc. (NASDAQ:AREX), Aeterna Zentaris Inc … (stocksnewspoint.com)
- Watch Later- Avon Products, Inc. (NYSE:AVP), Approach Resources, Inc. (NASDAQ:AREX), Radiant Logistics, Inc … (journalfinance.net)
- Approach Resources, Inc. (NasdaqGS:AREX) Ratios & Quant Scores Under Review (derbynewsjournal.com)
- Why America needs a new approach to school desegregation (theconversation.com)
AREX has been the topic of several analyst reports. Zacks Investment Research cut Approach Resources from a “buy” rating to a “hold” rating in a report on Friday, January 19th. ValuEngine upgraded Approach Resources from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 2nd. BidaskClub cut Approach Resources from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Finally, KLR Group cut Approach Resources from a “buy” rating to a “hold” rating and set a $3.00 price objective on the stock. in a report on Monday. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $2.92.
Approach Resources stock traded down $0.04 during midday trading on Friday, reaching $2.70. The stock had a trading volume of 2,901 shares, compared to its average volume of 621,006. Approach Resources has a twelve month low of $2.68 and a twelve month high of $2.71. The stock has a market capitalization of $256.44 million, a P/E ratio of -7.50 and a beta of 2.76. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.62.
Approach Resources (NASDAQ:AREX) last issued its earnings results 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). Approach Resources had a net margin of 19.45% and a negative return on equity of 5.10%. The firm had revenue of $28.77 million during the quarter, compared to analyst estimates of $29.15 million. sell-side analysts predict that Approach Resources will post -0.3 EPS for the current year.
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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