Last $7.36 USD
Change Today -0.37 / -4.79%
Volume 651.0K
AREX On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 2:19 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

approach resources inc (AREX) Snapshot

Open
$8.02
Previous Close
$7.73
Day High
$8.02
Day Low
$7.34
52 Week High
03/7/14 - $24.00
52 Week Low
12/16/14 - $4.28
Market Cap
298.7M
Average Volume 10 Days
1.7M
EPS TTM
$0.74
Shares Outstanding
40.6M
EX-Date
--
P/E TM
9.9x
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: $525.0K
Chief Operating Officer
Total Annual Compensation: $340.0K
Chief Administrative Officer and Corporate Se...
Total Annual Compensation: $310.0K
Compensation as of Fiscal Year 2013.

approach resources inc (AREX) Key Developments

Approach Resources Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full-Year Ended December 31, 2014; Provides Production and Capital Expenditure Guidance for the Year 2015

Approach Resources Inc. reported unaudited consolidated earnings results for the fourth quarter and full-year ended December 31, 2014. For the quarter, the company's oil, NGL and gas sales were $55,070,000, compared to $58,565,000 for the last year. Operating income was $4,934,000, compared to $18,163,000 for the last year. Income before income tax provision was $44,089,000, compared to $102,528,000 for the last year. Net income was $26,987,000 or $0.68 per diluted share, compared to $64,321,000 or $1.65 per diluted share for the last year. Net income included an unrealized loss on the commodity derivatives of $1.3 million and a pretax gain of $90.7 million from the sale of the company’s interest in the Wildcat oil pipeline system. Adjusted net income was $3,367,000 or $0.08 per diluted share, compared to $8,002,000 or $0.20 per diluted share for the last year. EBITDAX was $44,318,000 or $1.12 per diluted share, compared to $41,103,000 or $1.05 per diluted share for the last year. Capital expenditures were $92.9 million. For the year, the company's oil, NGL and gas sales were $258,529,000, compared to $181,302,000 for the last year. Operating income was $67,157,000, compared to $43,592,000 for the last year. Income before income tax provision was $89,864,000, compared to $114,763,000 for the last year. Net income was $56,172,000 or $1.42 per diluted share, compared to $72,256,000 or $1.85 per diluted share for the last year. Adjusted net income was $29,220,000 or $0.74 per diluted share, compared to $17,983,000 or $0.46 per diluted share for the last year. EBITDAX was $188,282,000 or $4.78 per diluted share, compared to $127,795,000 or $3.28 per diluted share for the last year. Net cash provided by operating activities was $180,206,000, compared to $125,580,000 for the last year. Capital expenditures incurred during 2014 totaled $393.5 million and included $364 million for drilling and completion activities, $24.9 million for infrastructure projects and other equipment and $4.6 million for acreage acquisitions and lease extensions. For the year 2015, the company expects total production in the range of 5,450 MBoe to 5,650 MBoe. Capital expenditures are expected to be approximately $160 million.

Approach Resources, Inc. to Report Q4, 2014 Results on Feb 25, 2015

Approach Resources, Inc. announced that they will report Q4, 2014 results After-Market on Feb 25, 2015

Approach Resources, Inc. Announces Production Results for the Fourth Quarter and Full Year Ended December 31, 2014

Approach Resources, Inc. announced production results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company’s production totaled 1,390 MBoe, a 34% increase over fourth quarter 2013 production of 15.1 MBoe/d and a 6.4% increase over third quarter 2014. For the year, the company’s production totaled 5,049 MBoe, a 47% increase over 2013 production of 13.8 MBoe/d. Oil production was 2,024 MBbls, a 40% increase over the prior year. The company drilled 68 horizontal wells and placed 64 horizontal wells on production. 2014 capital expenditures were $393.5 million.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
AREX:US $7.36 USD -0.37

AREX Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Contango Oil & Gas Co $22.70 USD -0.83
Goodrich Petroleum Corp $4.10 USD -0.38
PetroQuest Energy Inc $2.86 USD -0.06
Rex Energy Corp $4.75 USD -0.15
VAALCO Energy Inc $4.77 USD -0.07
View Industry Companies
 

Industry Analysis

AREX

Industry Average

Valuation AREX Industry Range
Price/Earnings 5.4x
Price/Sales 1.2x
Price/Book 0.4x
Price/Cash Flow 1.9x
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.