Economy

Investors Catching Stocks Approach Resources, Inc. (AREX)

Mufg Americas Holdings Corp increased Fnb Corp Pa (FNB) stake by 2115.74% reported in 2017Q3 SEC filing. However a year ago for the same quarter the company has reported $-0.27 EPS. "(NASDAQ:AREX) Major Shareholder Wilks Brothers, Llc Purchases 150,000 Shares" was first published by TrueBlueTribune and is the sole property of of TrueBlueTribune. The shares were bought at an average price of $3.18 per share, for a total transaction of $1,113,000.00. (NASDAQ:AREX). 1.54M were reported by Vanguard Group Incorporated. The shares were purchased at an average price of $3.09 per share, for a total transaction of $463,500.00. The stock was acquired at an average cost of $2.86 per share, for a total transaction of $1,001,000.00. The stock presently has an average rating of "Hold" and a consensus target price of $2.88. The stock was acquired at an average cost of $2.59 per share, for a total transaction of $1,424,500.00.

Recent insider trends for Approach Resources, Inc. (AREX) traded down $0.02 during mid-day trading on Friday, reaching $3.91. By watching how many shares are trading hands and looking for any changes in that activity, trading opportunities can be spotted along with a deeper understanding of the reliability of other indicators on the stock. The stock has a market capitalization of $342.15 Million however its outstanding shares are 87.06 Million. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.69.

Approach Resources (NASDAQ:AREX) last issued its quarterly earnings results on Wednesday, November 1st. In the last 27 earnings reports, the company has topped earnings-per-share estimates 33% percent of times. The company had revenue of $25.61 million during the quarter, compared to analysts' expectations of $25.74 million. Approach Resources, Inc. (NASDAQ:AREX) has risen 23.01% since January 12, 2017 and is uptrending. Finally, Teachers Advisors LLC bought a new position in Approach Resources during the 2nd quarter valued at approximately $562,000. This works out to a net increase in ownership of 191240 shares, and suggests that institutions are feeling bullish about the stock. New York State Common Retirement Fund acquired a new position in shares of Approach Resources during the second quarter valued at approximately $154,000. Kornitzer Capital Management Inc. KS grew its position in shares of Approach Resources by 68.1% in the third quarter. The stock has a market cap of $306.26, a price-to-earnings ratio of -1.40 and a beta of 2.67. Finally, GSA Capital Partners LLP bought a new stake in shares of Approach Resources during the 2nd quarter valued at $185,000.

On Wednesday, January 3rd, Wilks Brothers, Llc purchased 150,000 shares of Approach Resources stock. The Average True Range, a measure of volatility is at 0.19, however its weekly and monthly volatility is 7.82%, 6.41% respectively. Brokerage firms on the street have price targets on the name ranging from $0.5 to $4.25 based on 6 opinions. Robert W. Baird reiterated a "hold" rating and issued a $4.00 price objective on shares of Approach Resources in a report on Tuesday, September 26th. (NASDAQ:AREX) hit a new 52-week high and has $4.38 target or 6.00% above today's $4.14 share price. ValuEngine lowered shares of Approach Resources from a "sell" rating to a "strong sell" rating in a report on Sunday, December 31st. KeyCorp reaffirmed a "hold" rating on shares of Approach Resources in a research report on Monday, November 13th. Recently, analysts have updated the overall rating to 3.

WARNING: "Approach Resources Inc". If you are accessing this report on another website, it was illegally copied and republished in violation of United States & worldwide copyright & trademark legislation.

Examining insider trading at Approach Resources, Inc. 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 Lifting Equipment segment designs, makes, and distributes boom trucks and crane products that are used for industrial projects and energy exploration, as well as for roads, bridges, and residential and commercial construction; and specialized rough terrain cranes and material handling products for the construction, municipality, and railroad industries, as well as truck-mounted aerial platforms and sign cranes.



Like this

loading...
loading...

Latest


13 January 2018
Canadian Pacific Railway Limited (CP) Stake Decreased by Addenda Capital Inc
Finally, Fieldpoint Private Securities LLC increased its position in Canadian Pacific Railway by 208.7% during the third quarter. TRADEMARK VIOLATION WARNING: This story was first posted by TrueBlueTribune and is the sole property of of TrueBlueTribune.

13 January 2018
John Humphrys equal pay row: 'A nasty person leaked my private conversation'
But, BBC Woman's Hour presenter Jane Garvey tweeted: " Sopel exchange reveals, very neatly, what we're up against". She added: "The Today programme often makes changes to schedules and contributors in the run-up to broadcast".

13 January 2018
Trump lawyer arranged $130000 payment to keep adult-film star quiet
Cohen issued a response, telling the WSJ: " President Trump once again vehemently denies any such occurrence as has Ms. The statement read in part: "Rumors that I have received hush money from Donald Trump are completely false".

13 January 2018
Palo Alto Networks Inc (PANW) EVP Sells $4146240.00 in Stock
It is positive, as 52 investors sold MU shares while 205 reduced holdings. 112 funds opened positions while 408 raised stakes. Catalyst Capital Advisors Ltd Liability Corporation stated it has 0.09% in Micron Technology, Inc. (NYSE:OKE) for 249 shares.

13 January 2018
Try Not To Cry Watching Gal Gadot's #SeeHer Award Acceptance Speech
As artists and filmmakers, I believe it's not only our job to entertain, but our duty to inspire and educate for love and respect. She commands the attention of the world, and in doing so, she sets a positive example for humanity ...

13 January 2018
Destiny 2: Xur Exotic Armor, Weapon, and Recommendations for January 12-15
His currency is Legendary Shards, which can be obtained by breaking down legendary and exotic gear. Xur also sells a Fated Exotic Engram for 97 shards, and a Three of Coins consumable for 31 shards.

13 January 2018
NASA Announces the First Multi-Planet System Discovered Entirely Through Crowdsourcing
Sorting through the upvoted, crowdsourced data, Christiansen eventually found a star with four planets orbiting it. The planets, all rocky, range in size from 1.6 to 3.3 times the radius of Earth, qualifying them as super-Earths.

13 January 2018
New York Sues Fossil Fuel Majors and Pension Funds
Part of the allegations stem from decades of knowledge and scientific research on behalf of the oil industry into climate change. New York City follows cities and counties in and that have either filed or announced pending climate impact litigation.

13 January 2018
DnB Asset Management AS Sells 18500 Shares of Aetna Inc (AET)
Simmons Bank now owns 1,920 shares of the company's stock worth $221,000 after buying an additional 15 shares in the last quarter. Twelve equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company.

13 January 2018
The Handmaid's Tale: Here's your haunting first look at season 2
But at a certain point, you can't spend all your time second-guessing things. The EP is reluctant to give too much away. You can try, but you won't do it.