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Last $7.04 USD
Change Today -0.38 / -5.12%
Volume 1.2M
AREX On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

approach resources inc (AREX) Snapshot

Open
$7.23
Previous Close
$7.42
Day High
$7.51
Day Low
$7.00
52 Week High
07/24/14 - $23.07
52 Week Low
12/16/14 - $4.28
Market Cap
285.7M
Average Volume 10 Days
1.8M
EPS TTM
$0.73
Shares Outstanding
40.6M
EX-Date
--
P/E TM
9.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for APPROACH RESOURCES INC (AREX)

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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. Presents at 43rd Annual Scotia Howard Weil Energy Conference, Mar-25-2015 09:15 AM

Approach Resources, Inc. Presents at 43rd Annual Scotia Howard Weil Energy Conference, Mar-25-2015 09:15 AM. Venue: Roosevelt New Orleans Hotel, 130 Roosevelt Way, New Orleans, Louisiana, United States. Speakers: J. Ross Craft, Founder, Chairman, Chief Executive Officer and President.

Approach Resources, Inc. Presents at Simmons & Co. Energy Conference 2015, Mar-05-2015

Approach Resources, Inc. Presents at Simmons & Co. Energy Conference 2015, Mar-05-2015 . Venue: Las Vegas, Nevada, United States.

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.

 

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Industry Analysis

AREX

Industry Average

Valuation AREX Industry Range
Price/Earnings 4.9x
Price/Sales 1.1x
Price/Book 0.4x
Price/Cash Flow 1.8x
TEV/Sales NM Not Meaningful
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