The Approach Resources, Inc. (NASDAQ:AREX) Is A Value Stock Now

Approach Resources, Inc. (NASDAQ:AREX) stock is presently standing at about $3.53 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 8 analysts covering the company is $3.13, which suggests the stock could still rise over -13 percent. The highest analyst price target is $8.00, which implies a rally of -27 percent. And a quick view of analyst notes show that 3 are rating the stock a buy while 1 rate AREX a strong buy. There are 7 equity research firms advocating a Hold and 0 consider it Sell.

Seaport Global Securities analysts provided their view on Approach Resources, Inc. (NASDAQ:AREX) recently. The rating firm issued a Sell rating to this company in a research note released on Jun 21, 2017. SunTrust analysts disclosed their opinion on Approach Resources, Inc. (NASDAQ:AREX) recently. The rating firm gave a Hold rating to this stock in a research note published on Oct 26, 2016. According to a research note disclosed on Oct 26, 2016, analysts at Wunderlich have upped their rating on these shares from Hold to Buy.

Approach Resources, Inc. (NASDAQ:AREX) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its 10% Owner Wilks Brothers, LLC Purchased 35,789,300 company shares for 242,100, in a transaction on Jun 22. Following the transaction, the 10% Owner is left with a stake of 100,000 shares, currently valued at $353,000. Meanwhile, 10% Owner Wilks Brothers, LLC purchased 35,689,300 shares worth $248,180, through a transaction dated Jun 21. Following the completion of the transaction, the insider is left with a stake of 100,000 shares, amounting $353,000. AREX 10% Owner Wilks Brothers, LLC also purchased 35,589,300 shares, at a stock price of $2.56. This transaction occurred on Jun 20 totals $255,500. After this transaction, the insider’s stake stands at 100,000 shares, with a market value of $353,000.

Executives hold 6.83 percent of the stock. GUGGENHEIM CAPITAL LLC is one of the biggest insider owners in Approach Resources, Inc. (NASDAQ:AREX), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 2,149,890 shares which have current market value of around $7,589,112.VANGUARD GROUP INC is another major inside shareholder in the company. The insider owns 1,611,388 shares as of 03/31/2017, currently worth $5,688,200. NEW GENERATION ADVISORS, LLC is ranked as third insider holder of the stock. This insider holds 1,610,783 shares with a market value around $5,686,064 as of recent close.

Approach Resources, Inc. (NASDAQ:AREX) Earnings Outlook

In Approach Resources, Inc. (NASDAQ:AREX)’s latest quarter, EPS moved to $-0.11 from $-0.27 in preceding quarter and revenues reached at $26.35M compared to $26.50M. Analysts had expected Approach Resources, Inc. (NASDAQ:AREX) to post net income of about $-0.11 per share on $25.85M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in the range of $-0.10 to $-0.04. That is compared with the $-0.25 in EPS it reported during the same period a year ago.

Approach Resources, Inc. (NASDAQ:AREX) stock is presently standing at about $3.53 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 8 analysts covering the company is $3.13, which suggests the stock could still rise over -13 percent. The highest analyst price target is $8.00, which implies a rally of -27 percent. And a quick view of analyst notes show that 3 are rating the stock a buy while 1 rate AREX a strong buy. There are 7 equity research firms advocating a Hold and 0 consider it Sell.

Seaport Global Securities analysts provided their view on Approach Resources, Inc. (NASDAQ:AREX) recently. The rating firm issued a Sell rating to this company in a research note released on Jun 21, 2017. SunTrust analysts disclosed their opinion on Approach Resources, Inc. (NASDAQ:AREX) recently. The rating firm gave a Hold rating to this stock in a research note published on Oct 26, 2016. According to a research note disclosed on Oct 26, 2016, analysts at Wunderlich have upped their rating on these shares from Hold to Buy.

Approach Resources, Inc. (NASDAQ:AREX) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its 10% Owner Wilks Brothers, LLC Purchased 35,789,300 company shares for 242,100, in a transaction on Jun 22. Following the transaction, the 10% Owner is left with a stake of 100,000 shares, currently valued at $353,000. Meanwhile, 10% Owner Wilks Brothers, LLC purchased 35,689,300 shares worth $248,180, through a transaction dated Jun 21. Following the completion of the transaction, the insider is left with a stake of 100,000 shares, amounting $353,000. AREX 10% Owner Wilks Brothers, LLC also purchased 35,589,300 shares, at a stock price of $2.56. This transaction occurred on Jun 20 totals $255,500. After this transaction, the insider’s stake stands at 100,000 shares, with a market value of $353,000.

Executives hold 6.83 percent of the stock. GUGGENHEIM CAPITAL LLC is one of the biggest insider owners in Approach Resources, Inc. (NASDAQ:AREX), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 2,149,890 shares which have current market value of around $7,589,112.VANGUARD GROUP INC is another major inside shareholder in the company. The insider owns 1,611,388 shares as of 03/31/2017, currently worth $5,688,200. NEW GENERATION ADVISORS, LLC is ranked as third insider holder of the stock. This insider holds 1,610,783 shares with a market value around $5,686,064 as of recent close.

Approach Resources, Inc. (NASDAQ:AREX) Earnings Outlook

In Approach Resources, Inc. (NASDAQ:AREX)’s latest quarter, EPS moved to $-0.11 from $-0.27 in preceding quarter and revenues reached at $26.35M compared to $26.50M. Analysts had expected Approach Resources, Inc. (NASDAQ:AREX) to post net income of about $-0.11 per share on $25.85M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in the range of $-0.10 to $-0.04. That is compared with the $-0.25 in EPS it reported during the same period a year ago.