$-0.05 EPS Expected for Approach Resources, Inc. (AREX)

April 26, 2018 - By Clifton Ray

Investors sentiment increased to 1.54 in Q4 2017. Its up 0.37, from 1.17 in 2017Q3. It increased, as 8 investors sold Approach Resources, Inc. shares while 18 reduced holdings. 14 funds opened positions while 26 raised stakes. 19.88 million shares or 4.78% less from 20.88 million shares in 2017Q3 were reported.
Blackrock Incorporated holds 0% of its portfolio in Approach Resources, Inc. (NASDAQ:AREX) for 3.37 million shares. Hodges Cap Mgmt reported 10,000 shares stake. Moreover, Macquarie has 0% invested in Approach Resources, Inc. (NASDAQ:AREX) for 11,600 shares. Deutsche Comml Bank Ag has invested 0% in Approach Resources, Inc. (NASDAQ:AREX). Pnc Group Inc has 410 shares. Hl Finance Service Ltd Llc accumulated 10,000 shares or 0% of the stock. Aqr Cap Mgmt reported 65,375 shares. Schroder Inv Mngmt Gp invested in 0% or 76,000 shares. Moors And Cabot reported 14,500 shares. D E Shaw Commerce accumulated 72,120 shares. Citigroup Incorporated, a New York-based fund reported 6,353 shares. New York-based Virtu Limited Liability has invested 0.01% in Approach Resources, Inc. (NASDAQ:AREX). New York State Common Retirement Fund holds 45,800 shares or 0% of its portfolio. Janney Montgomery Scott Ltd Llc reported 0% in Approach Resources, Inc. (NASDAQ:AREX). Federated Inc Pa holds 0% in Approach Resources, Inc. (NASDAQ:AREX) or 1,307 shares.

Since December 4, 2017, it had 5 insider buys, and 0 insider sales for $6.53 million activity.

Analysts expect Approach Resources, Inc. (NASDAQ:AREX) to report $-0.05 EPS on May, 3.They anticipate $0.06 EPS change or 54.55 % from last quarter’s $-0.11 EPS. After having $-0.07 EPS previously, Approach Resources, Inc.’s analysts see -28.57 % EPS growth. The stock increased 0.36% or $0.01 during the last trading session, reaching $2.78. About 1.54M shares traded or 174.22% up from the average. Approach Resources, Inc. (NASDAQ:AREX) has risen 10.57% since April 27, 2017 and is uptrending. It has underperformed by 0.98% the S&P500.

Approach Resources, Inc., an independent energy company, focuses on the acquisition, exploration, development, and production of unconventional gas and oil reserves in the United States. The company has market cap of $253.06 million. The company's properties are primarily located in the Permian Basin in west Texas. It currently has negative earnings. It also owns interests in east Texas Basin.

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