Approach Resources (AREX) Given Daily Media Sentiment Rating of 0.18
News articles about Approach Resources (NASDAQ:AREX) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Approach Resources earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned headlines about the energy company an impact score of 45.7814370716062 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- Range Resources Corp (NYSE:RRC) Institutional Investor Sentiment Is 1.35 – Alive For Football (aliveforfootball.com)
- Approach Resources Inc. (AREX) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
- Altaba Inc. (AABA) has a value of $66.92 per share While Approach … – Stocks Gallery (stocksgallery.com)
- Approach Resources Inc. (AREX) Upgraded to “Hold” by Zacks Investment Research (americanbankingnews.com)
- Last Week on Market Realist: Key Energy Industry Updates (finance.yahoo.com)
Approach Resources (NASDAQ:AREX) opened at 2.67 on Monday. Approach Resources has a 12 month low of $1.93 and a 12 month high of $4.33. The company’s market cap is $230.53 million. The stock has a 50 day moving average of $2.61 and a 200-day moving average of $2.63.
Approach Resources (NASDAQ:AREX) last announced its earnings results on Wednesday, August 2nd. The energy company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.02). The firm had revenue of $24.97 million during the quarter, compared to analysts’ expectations of $25.86 million. Approach Resources had a negative net margin of 169.54% and a negative return on equity of 6.84%. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.25) EPS. Equities research analysts expect that Approach Resources will post ($0.29) EPS for the current year.
A number of research analysts have recently commented on AREX shares. Zacks Investment Research downgraded shares of Approach Resources from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Imperial Capital started coverage on shares of Approach Resources in a research report on Friday, August 18th. They issued an “in-line” rating and a $2.50 price objective for the company. BidaskClub downgraded shares of Approach Resources from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. ValuEngine raised shares of Approach Resources from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. Finally, Seaport Global Securities downgraded shares of Approach Resources from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $3.00 to $0.50 in a research report on Wednesday, June 21st. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $3.08.
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Approach Resources Company Profile
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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