Approach Resources (AREX) Scheduled to Post Earnings on Monday
Approach Resources (NASDAQ:AREX) will post its Q413 quarterly earnings results on Monday, February 24th. Analysts expect Approach Resources to post earnings of $0.15 per share and revenue of $56.97 million for the quarter.
Approach Resources (NASDAQ:AREX) opened at 20.65 on Friday. Approach Resources has a 52 week low of $18.25 and a 52 week high of $31.67. The stock’s 50-day moving average is $19.74 and its 200-day moving average is $23.39. The company has a market cap of $805.6 million and a P/E ratio of 116.44.
A number of research firms have recently commented on AREX. Analysts at Imperial Capital cut their price target on shares of Approach Resources from $26.00 to $24.00 in a research note on Wednesday. They now have an “in-line” rating on the stock. On a related note, analysts at Zacks upgraded shares of Approach Resources from an “underperform” rating to a “neutral” rating in a research note on Friday, February 14th. They now have a $20.70 price target on the stock. Finally, analysts at Iberia Capital upgraded shares of Approach Resources from a “sector perform” rating to an “outperform” rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $30.01.
Approach Resources Inc, is an independent energy company engaged in the exploration, development, production and acquisition of oil and gas properties.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.