Approach Resources Inc. (NASDAQ:AREX) gets downgraded to Underperform by Imperial Capital with a price target of $0.40

ME Staff
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Analyst Ratings For Approach Resources Inc. (NASDAQ:AREX)

Today, Approach Resources Inc. (NASDAQ:AREX) stock was downgraded by Imperial Capital from In-Line to Underperform with a price target of $0.40.

There are 2 Sell Ratings, 1 Hold Ratings, no Strong Buy Ratings, no Buy Ratings on the stock.

The current consensus rating on Approach Resources Inc. (NASDAQ:AREX) is Sell with a consensus target price of $1.70 per share, a potential 120.78% upside.

Some recent analyst ratings include

  • 3/20/2019-Approach Resources Inc. (NASDAQ:AREX) gets downgraded to Underperform by Imperial Capital with a price target of $0.40
  • 3/19/2019-Approach Resources Inc. (NASDAQ:AREX) gets downgraded to Sell by EuroPacific Canada
  • 8/20/2018-Approach Resources Inc. (NASDAQ:AREX) had its Hold rating reiterated by KLR Group with a $3.00 price target
  • 11/22/2017-Approach Resources Inc. (NASDAQ:AREX) had its Hold rating reiterated by Scotiabank with a $3.00 price target
  • 11/13/2017-Approach Resources Inc. (NASDAQ:AREX) had its Hold rating reiterated by KeyCorp
  • 9/26/2017-Approach Resources Inc. (NASDAQ:AREX) had its Hold rating reiterated by Robert W. Baird with a $4.00 price target
  • 6/21/2017-Approach Resources Inc. (NASDAQ:AREX) gets downgraded to Sell by Seaport Global Securities with a price target of $0.50

    About Approach Resources Inc. (NASDAQ:AREX)
    Approach Resources, Inc., an independent energy company, focuses on the acquisition, exploration, development, and production of unconventional oil and gas reserves in the United States. The company's properties are primarily located in the Permian Basin in west Texas. It also owns interests in east Texas Basin. As of December 31, 2017, its estimated proved reserves were 181.5 million barrels of oil equivalent located in Crockett and Schleicher counties, Texas. The company also owned and operated 813 producing oil and gas wells in the Permian Basin. Approach Resources, Inc. was incorporated in 2002 and is headquartered in Fort Worth, Texas.

    Recent Trading Activity for Approach Resources Inc. (NASDAQ:AREX)
    Shares of Approach Resources Inc. closed the previous trading session at 0,77 +0,0050 0,65 % with shares trading hands.