EPS for Approach Resources, Inc. (AREX) Expected At $-0.08

October 14, 2018 - By Michael Collier

Investors sentiment increased to 1.04 in 2018 Q2. Its up 0.19, from 0.85 in 2018Q1. It improved, as 7 investors sold Approach Resources, Inc. shares while 21 reduced holdings. 5 funds opened positions while 24 raised stakes. 25.54 million shares or 29.97% more from 19.65 million shares in 2018Q1 were reported.
California State Teachers Retirement reported 68,938 shares. Moreover, Legal And General Grp Inc Public Ltd Llc has 0% invested in Approach Resources, Inc. (NASDAQ:AREX) for 6,109 shares. Bank Of America De invested 0% of its portfolio in Approach Resources, Inc. (NASDAQ:AREX). Vanguard Group Inc Inc holds 0% or 2.23 million shares in its portfolio. Earnest Ltd invested in 1,100 shares or 0% of the stock. 60,000 are owned by Kornitzer Capital Mgmt Ks. Moreover, Schroder Investment Management Gru Inc has 0% invested in Approach Resources, Inc. (NASDAQ:AREX) for 76,000 shares. Two Sigma Limited Liability invested 0% of its portfolio in Approach Resources, Inc. (NASDAQ:AREX). Invesco Ltd reported 219,626 shares. Kbc Group Nv holds 0% or 79,264 shares. Geode Capital Limited Liability Co invested in 0% or 484,401 shares. 1,424 were reported by State Bank Of Montreal Can. California Employees Retirement Sys has 0% invested in Approach Resources, Inc. (NASDAQ:AREX). Deutsche Natl Bank Ag accumulated 0% or 75,916 shares. Kayne Anderson Capital Advsr Ltd Partnership reported 6.75 million shares stake.

Analysts expect Approach Resources, Inc. (NASDAQ:AREX) to report $-0.08 EPS on November, 7.They anticipate $0.00 EPS change or 0.00 % from last quarter’s $-0.08 EPS. After having $-0.07 EPS previously, Approach Resources, Inc.’s analysts see 14.29 % EPS growth. The stock decreased 1.02% or $0.02 during the last trading session, reaching $1.95. About 275,799 shares traded or 15.13% up from the average. Approach Resources, Inc. (NASDAQ:AREX) has declined 22.96% since October 14, 2017 and is downtrending. It has underperformed by 38.58% 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 $178.06 million. The company's properties are primarily located in the Permian Basin in west Texas. It has a 8.59 P/E ratio. It also owns interests in east Texas Basin.

Another recent and important Approach Resources, Inc. (NASDAQ:AREX) news was published by Seekingalpha.com which published an article titled: “Approach Resources: Will More Oil Do The Job?” on September 27, 2018.

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