Institutions own 24.63% of Approach Resources, Inc. The shares were purchased at an average price of $3.45 per share, for a total transaction of $1,552,500.00. Finally, Parametric Portfolio Associates LLC grew its position in shares of Approach Resources by 14.6% in the second quarter.
Since December 4, 2017, it had 3 insider buys, and 0 selling transactions for $4.17 million activity.
On Friday, December 28th, Wilks Brothers, Llc bought 150,000 shares of Approach Resources stock. The stock was bought at an average price of $3.09 per share, with a total value of $463,500.00.
On Wednesday, December 26th, Wilks Brothers, Llc bought 150,000 shares of Approach Resources stock.
The volatility measures taking place as price volatility of stock was 1.20% for a week and 1.22% for a month.
On Wednesday, December 20th, Wilks Brothers, Llc bought 600,000 shares of Approach Resources stock.
On Wednesday, December 6th, Wilks Brothers, Llc acquired 29,285 shares of Approach Resources stock. The stock grabbed 12 new institutional investments totaling 2,349,578 shares while 18 institutional investors sold out their entire positions totaling 1,477,894 shares.
On Friday, December 15th, Wilks Brothers, Llc bought 200,000 shares of Approach Resources stock. KeyCorp reiterated a "hold" rating on shares of Approach Resources in a research note on Monday, November 13th. The shares were bought at an average cost of $2.59 per share, for a total transaction of $1,424,500.00.
On Monday, December 11th, Wilks Brothers, Llc purchased 50,000 shares of Approach Resources stock.
Recent insider trends for Approach Resources, Inc. (NASDAQ:AREX). Goldman Sachs Grp Inc Inc holds 0% or 547,747 shares.
The Relative Volume of the company is 3.66 and Average Volume (3 months) is 529 million. Approach Resources has $9 highest and $1 lowest target. The firm has a market capitalization of $338.27, a P/E ratio of -1.55 and a beta of 2.67.
Many analysts are providing their Estimated Earnings analysis for Approach Resources, Inc. and for the current quarter 6 analysts have projected that the stock could give an Average Earnings estimate of $-0.07/share. The energy company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.01. The company now has a Return on Equity of -31% and a Return on Investment of -2%.
Meanwhile, during the same quarter Approach Resources, Inc.
The company's quick ratio for most recent quarter is 0.4 along with current ratio for most recent quarter of 0.4. New York State Common Retirement Fund purchased a new position in Approach Resources during the second quarter valued at approximately $154,000. Kornitzer Capital Management Inc. KS lifted its holdings in Approach Resources by 68.1% during the third quarter. Virtu KCG Holdings LLC now owns 32,033 shares of the energy company's stock valued at $108,000 after purchasing an additional 20,705 shares during the period. Jbf Capital Incorporated holds 0% or 10,000 shares in its portfolio. The Stock now has a Weekly Volatility of 7.82% and Monthly Volatility of 6.41%.
Several other brokerages have also recently weighed in on AREX. Zacks Investment Research upgraded shares of Approach Resources from a "sell" rating to a "hold" rating in a research note on Tuesday, September 19th. (NASDAQ:AREX) to report earnings on March, 8. ValuEngine lowered shares of Approach Resources from a "sell" rating to a "strong sell" rating in a research report on Sunday, December 31st. Analysts reported that the Price Target for Approach Resources, Inc. might touch $4.25 high while the Average Price Target and Low price Target is $2.45 and $0.5 respectively.
For Pioneer Energy Services Corp (NYSE:PES) out of the analyst recommendations 1 analysts recommend stock a Buy, 4 rate the stock Outperform, 5 analysts recommend to Hold the stock, 0 rate Underperform and 0 analysts recommend the stock a Sell. For the current year the company's revenue estimates are $104.95 Million compared to low analyst estimates of $103 Million and high estimates of $107.26 Million according to the prediction of 6 analysts.
Approach Resources Inc.is an independent energy company engaged in the exploration, development, exploitation, production and acquisition of unconventional natural gas and oil properties onshore in the United States and Western Canada. (NASDAQ:AREX) shares were bought by Wilks Brothers - LLC. If you are reading this news story on another publication, it was copied illegally and republished in violation of worldwide trademark & copyright legislation. The SI to Approach Resources Incorporated's float is 39.01%. The Company focuses its growth efforts primarily on finding and developing natural gas reserves in known tight gas sands and shale areas.
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