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Approach Resources (NASDAQ:AREX) is scheduled to post its Q214 quarterly earnings results on Monday, August 4th. Analysts expect Approach Resources to post earnings of $0.23 per share and revenue of $66.06 million for the quarter.

Approach Resources (NASDAQ:AREX) last released its earnings data on Thursday, May 8th. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.22 by $0.05. The company had revenue of $61.93 million for the quarter, compared to the consensus estimate of $59.95 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 70.7% on a year-over-year basis. On average, analysts expect Approach Resources to post $0.92 EPS for the current fiscal year and $1.15 EPS for the next fiscal year.

Shares of Approach Resources (NASDAQ:AREX) opened at 21.04 on Friday. Approach Resources has a 1-year low of $17.59 and a 1-year high of $31.67. The stock has a 50-day moving average of $21.9 and a 200-day moving average of $20.6. The company has a market cap of $825.7 million and a P/E ratio of 11.34.

Several analysts have recently commented on the stock. Analysts at SunTrust raised their price target on shares of Approach Resources from $20.00 to $23.00 in a research note on Friday, July 11th. They now have a “neutral” rating on the stock. On the ratings front, analysts at Howard Weil raised their price target on shares of Approach Resources from $31.00 to $34.00 in a research note on Thursday, July 10th. They now have a “sector outperform” rating on the stock. Finally, analysts at Wells Fargo & Co. downgraded shares of Approach Resources from an “outperform” rating to a “market perform” rating in a research note on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the stock. Approach Resources has a consensus rating of “Hold” and an average price target of $27.30.

Approach Resources Inc, is an independent energy company engaged in the exploration, development, production and acquisition of oil and gas properties.

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