Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $6.65 USD
Change Today -0.32 / -4.59%
Volume 795.3K
AREX On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 05/28/15 All times are local (Market data is delayed by at least 15 minutes).

approach resources inc (AREX) Snapshot

Open
$6.94
Previous Close
$6.97
Day High
$7.03
Day Low
$6.55
52 Week High
07/24/14 - $23.07
52 Week Low
12/16/14 - $4.28
Market Cap
269.7M
Average Volume 10 Days
895.8K
EPS TTM
$0.53
Shares Outstanding
40.6M
EX-Date
--
P/E TM
12.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for APPROACH RESOURCES INC (AREX)

Related News

No related news articles were found.

approach resources inc (AREX) Related Businessweek News

No Related Businessweek News Found

approach resources inc (AREX) Details

Approach Resources Inc., an independent energy company, focuses on the exploration, development, production, and acquisition 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, 2014, it had estimated proved reserves of approximately 146.2 million barrels of oil equivalent in Crockett and Schleicher counties, Texas; and owned and operated 729 producing oil and gas wells in the Permian Basin. Approach Resources Inc. was incorporated in 2002 and is headquartered in Fort Worth, Texas.

142 Employees
Last Reported Date: 02/26/15
Founded in 2002

approach resources inc (AREX) Top Compensated Officers

Founder, Chairman, Chief Executive Officer an...
Total Annual Compensation: $560.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $725.0K
Chief Operating Officer
Total Annual Compensation: $400.0K
Chief Administrative Officer and Corporate Se...
Total Annual Compensation: $375.0K
Compensation as of Fiscal Year 2014.

approach resources inc (AREX) Key Developments

Approach Resources, Inc. Presents at Hart Energy's DUG Permian Basin Conference, May-20-2015 04:40 PM

Approach Resources, Inc. Presents at Hart Energy's DUG Permian Basin Conference, May-20-2015 04:40 PM. Speakers: J. Ross Craft, Founder, Chairman, Chief Executive Officer and President.

Approach Resources, Inc. Reports Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2015

Approach Resources, Inc. reported unaudited consolidated earnings and Production results for the first quarter ended March 31, 2015. Net loss for first quarter 2015 was $7.7 million, or $0.19 per diluted share, on revenues of $33.3 million. This compares to net income for first quarter 2014 of $2.9 million, or $0.08 per diluted share, on revenues of $61.9 million. Net income for first quarter 2015 included a realized gain on commodity derivatives of $15.9 million and an unrealized loss on commodity derivatives of $9.3 million. Excluding the unrealized loss on commodity derivatives, rig termination fee and related income taxes, adjusted net loss (non-GAAP) for first quarter 2015 was $1.3 million, or $0.03 per diluted share, compared to adjusted net income of $6.9 million, or $0.17 per diluted share, for first quarter 2014. EBITDAX (non-GAAP) for first quarter 2015 was $33.4 million, or $0.83 per diluted share, compared to $42.7 million, or $1.09 per diluted share, for first quarter 2014. Operating loss was $12,388,000 compared to operating income of $17,028,000 a year ago. Loss before income tax (benefit) provision was $11,704,000 compared to income before income tax (benefit) provision of $4,626,000 a year ago. Long-term debt at March 31, 2015 was $460,000 compared to $400,000 as on December 31, 2014. Production for first quarter 2015 totaled 1,287 MBoe or 14.3 MBoe/d compared to 1,067 MBoe or 11.9 MBoe/d in first quarter 2014, a 21% increase. Due to the planned back loading of completions in first quarter 2015, reduction in NGL volumes as a result of ethane rejection at NGL processing point of sale and minor weather-related issues, first quarter 2015 production decreased 7%, compared to fourth quarter 2014 production of 1,390 MBoe or 15.1 MBoe/d. Oil production for first quarter 2015 increased 10% to 493 MBbls, compared to 450 MBbls produced in first quarter 2014. Production for first quarter 2015 was 67% liquids (38% oil and 29% NGLs) and 33% natural gas.

Approach Resources, Inc. to Report Q1, 2015 Results on May 06, 2015

Approach Resources, Inc. announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on May 06, 2015

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
AREX:US $6.65 USD -0.32

AREX Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Contango Oil & Gas Co $14.15 USD +0.11
Gastar Exploration Inc $2.91 USD -0.09
Goodrich Petroleum Corp $2.86 USD -0.23
PetroQuest Energy Inc $1.73 USD -0.07
Rex Energy Corp $4.99 USD -0.18
View Industry Companies
 

Industry Analysis

AREX

Industry Average

Valuation AREX Industry Range
Price/Earnings 6.1x
Price/Sales 1.2x
Price/Book 0.4x
Price/Cash Flow 1.8x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact APPROACH RESOURCES INC, please visit www.approachresources.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.