The price-earnings ratio (P/E ratio) is the ratio for valuing a company that measures its current share price relative to its per-share earnings. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. The 9 months bullish chart indicates low risk for the $323.21 million company.
Inc (NASDAQ:AREX) shares traded on 11.02% above secure line and closed at $3.93. Approach Resources, Inc. (NASDAQ:AREX) has risen 23.01% since January 12, 2017 and is uptrending. The company's shares were assimilated at $3.09 per share worth to an investment of some $463,500 on account of Wilks Brothers, Llc. There were 18 sold out positions, amounting to 1.48 million shares.
On Friday, December 28th, Wilks Brothers, Llc bought 150,000 shares of Approach Resources stock.
ILLEGAL ACTIVITY NOTICE: "Approach Resources (NASDAQ:AREX) Upgraded to Buy by Zacks Investment Research" was originally published by StockNewsTimes and is owned by of StockNewsTimes.
On Wednesday, December 27th, Wilks Brothers, Llc bought 350,000 shares of Approach Resources stock. The most optimistic analyst sees the stock reaching $4.25 while the most conventional has $0.5 target price.
On Wednesday, December 20th, Wilks Brothers, Llc bought 600,000 shares of Approach Resources stock. The stock was bought at an average price of $2.81 per share, for a total transaction of $1,686,000.00.
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On Friday, December 15th, Wilks Brothers, Llc bought 200,000 shares of Approach Resources stock. The stock was bought at an average price of $2.59 per share, with a total value of $1,424,500.00. KeyCorp reiterated a "hold" rating on shares of Approach Resources in a research note on Monday, November 13th. The stock was bought at an average price of $2.53 per share, for a total transaction of $126,500.00.
On Monday, December 11th, Wilks Brothers, Llc acquired 50,000 shares of Approach Resources stock. The shares were acquired at an average price of $2.39 per share, with a total value of $69,991.15. For the next 5 years, Approach Resources, Inc.is expecting Growth of 4% per annum, whereas in the past 5 years the growth was 20.76% per annum. It was created to allow traders to more accurately measure the daily volatility of an asset by using simple calculations. About 1.94 million shares traded or 258.31% up from the average. The company's beta value stood at 2.74.
Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 0, and a price to sales ratio of 10.07. Approach Resources Inc. has a twelve month low of $1.93 and a twelve month high of $4.21.
The 5 analysts offering 12-month price forecasts for Approach Resources Inc have a median target of 2.50, with a high estimate of 4.25 and a low estimate of 0.50. The energy company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.09) by $0.01. According to the latest data, the consensus recommendation for Approach Resources, Inc. Parametric Portfolio Associates LLC lifted its stake in shares of Approach Resources by 14.6% in the 2nd quarter. However the company's price to cash per share for most recent quarter stands at 0. State Street Corp boosted its position in shares of Approach Resources by 2,151.6% during the 2nd quarter. (NASDAQ:MNTX). Victory Cap Management reported 0% in Manitex International, Inc. Dimensional Fund Lp stated it has 161,294 shares or 0% of all its holdings. The Boston Partners holds 597,384 shares with $1.50 million value, down from 997,647 last quarter. KS lifted its stake in shares of Approach Resources by 68.1% in the 3rd quarter. Virtu KCG Holdings LLC lifted its stake in shares of Approach Resources by 182.8% in the 2nd quarter. The data from the past twelve months tells a similar story: insiders executed 70 buys and 6 sells, and ownership increased by a net of 7.14 million shares.
AREX has been the subject of several research reports. Approach Resources had 24 analyst reports since July 21, 2015 according to SRatingsIntel. As per Tuesday, September 26, the company rating was maintained by Robert W. Baird. ValuEngine downgraded Approach Resources from a "sell" rating to a "strong sell" rating in a research note on Sunday, December 31st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company's stock. Finally, Scotiabank restated a "hold" rating and set a $3.00 price objective on shares of Approach Resources in a research note on Wednesday, November 22nd. "(AREX) Major Shareholder Buys $514,000.00 in Stock" was posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this news story on another publication, it was copied illegally and republished in violation of worldwide trademark & copyright legislation.
Approach Resources Inc is an independent energy company. The Company focuses its growth efforts primarily on finding and developing natural gas reserves in known tight gas sands and shale areas.