Analysts take a look at Approach Resources, Inc. (NASDAQ:AREX) having this to say.

December 7, 2017 - By Clifton Ray

 Analysts take a look at Approach Resources, Inc. (NASDAQ:AREX) having this to say.
Investors sentiment increased to 1.5 in Q2 2017. Its up 0.24, from 1.26 in 2017Q1. It increased, as 21 investors sold Approach Resources, Inc. shares while 13 reduced holdings. 26 funds opened positions while 25 raised stakes. 20.50 million shares or 10.85% less from 23.00 million shares in 2017Q1 were reported.
Lubar stated it has 1.00M shares or 3.61% of all its holdings. Citadel Advsr Limited Company holds 0% or 61,116 shares in its portfolio. Bancshares Of New York Mellon invested 0% of its portfolio in Approach Resources, Inc. (NASDAQ:AREX). Kornitzer Mgmt Inc Ks holds 36,700 shares or 0% of its portfolio. Manufacturers Life The invested in 0% or 427 shares. Dimensional Fund Advsr Limited Partnership, a Texas-based fund reported 161,294 shares. Schroder Mgmt Group reported 69,000 shares. D E Shaw Incorporated has invested 0% in Approach Resources, Inc. (NASDAQ:AREX). State Street holds 0% of its portfolio in Approach Resources, Inc. (NASDAQ:AREX) for 491,375 shares. Morgan Stanley stated it has 0% in Approach Resources, Inc. (NASDAQ:AREX). Moreover, Century Inc has 0% invested in Approach Resources, Inc. (NASDAQ:AREX) for 132,254 shares. Moreover, Panagora Asset Mgmt has 0% invested in Approach Resources, Inc. (NASDAQ:AREX). Tiaa Cref Invest Management Limited Co holds 0% or 207,412 shares in its portfolio. Vanguard Grp Inc holds 0% or 1.96 million shares in its portfolio. Brandywine Mngmt Lc holds 0% in Approach Resources, Inc. (NASDAQ:AREX) or 13,592 shares.

Approach Resources, Inc. (NASDAQ:AREX) Ratings Coverage

Among 13 analysts covering Approach Resources (NASDAQ:AREX), 2 have Buy rating, 1 Sell and 10 Hold. Therefore 15% are positive. Approach Resources had 24 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Outperform” rating by RBC Capital Markets on Friday, August 7. The firm earned “Accumulate” rating on Monday, August 10 by KLR Group. On Wednesday, October 26 the stock rating was upgraded by Wunderlich to “Buy”. The stock has “Hold” rating by SunTrust on Wednesday, October 26. Wunderlich maintained Approach Resources, Inc. (NASDAQ:AREX) on Tuesday, May 24 with “Hold” rating. The rating was maintained by KeyBanc Capital Markets on Monday, November 13 with “Hold”. The company was maintained on Friday, August 7 by Northland Capital. The firm has “Neutral” rating by Macquarie Research given on Wednesday, September 9. KeyBanc Capital Markets maintained the shares of AREX in report on Tuesday, September 5 with “Hold” rating. Seaport Global downgraded the stock to “Sell” rating in Wednesday, June 21 report. Below is a list of Approach Resources, Inc. (NASDAQ:AREX) latest ratings and price target changes.

13/11/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
26/09/2017 Broker: Robert W. Baird Rating: Hold New Target: $4.0 Maintain
05/09/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
18/08/2017 Broker: Imperial Capital Rating: In-Line New Target: $2.5 Initiates Coverage On
29/06/2017 Broker: Scotia Capital Rating: Hold New Target: $3.0000
21/06/2017 Broker: Seaport Global Old Rating: Hold New Rating: Sell Downgrade

The stock increased 1.26% or $0.03 during the last trading session, reaching $2.42. About 246,699 shares traded. Approach Resources, Inc. (NASDAQ:AREX) has risen 23.01% since December 7, 2016 and is uptrending. It has outperformed by 6.31% 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 $201.36 million. The companyÂ’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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