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Approach Resources Inc. (AREX)

0.1175   -0.002 (-1.67%) 10-21 16:00
Open: 0.125 Pre. Close: 0.1195
High: 0.125 Low: 0.1175
Volume: 335,113 Market Cap: 11M
Approach Resources Inc is an independent energy company. It is engaged in the exploration, development, production and acquisition of unconventional oil and gas reserves in the Midland Basin of the greater Permian Basin in West Texas.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 0.13 - 0.131 0.131 - 0.131
Low: 0.118 - 0.119 0.119 - 0.12
Close: 0.119 - 0.12 0.12 - 0.121

Technical analysis

as of: 2019-10-21 4:34:54 PM
Overall:       
Stoxline posted a NEUTRAL today, same as yesterday. Current trend continues, but could change at anytime. It is not a good time to buy or sell.
Target: Six months: 0.19     One year: 0.23
Support: Support1: 0.11    Support2: 0.09
Resistance: Resistance1: 0.17    Resistance2: 0.20
Pivot: 0.13
Moving Average: MA(5): 0.12     MA(20): 0.13
MA(100): 0.22     MA(250): 0.63
MACD: MACD(12,26): -0.01     Signal(9): -0.02
Stochastic oscillator: %K(14,3): 15.28     %D(3): 16.20
RSI: RSI(14): 29.75
52-week: High: 1.91  Low: 0.11  Change(%): -93.7
Average Vol(K): 3-Month: 62865  10-Days: 65233

Price, moving averages and Bollinger Bands

Price and moving averages has closed below its Short term moving average. Short term moving average is currently below mid-term; AND below long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BEARISH in short-term; and BEARISH in mid-long term.
AREX has closed above bottom band by 22.1%. Bollinger Bands are 57.4% narrower than normal. The narrow width of the bands suggests low volatility as compared to AREX's normal range. The bands have been in this narrow range for 9 bars. This is a sign that the market may be about to initiate a new trend.

Headline News

2019-09-20
Approach Resources (AREX) Dips More Than Broader Markets: What You Should Know
Approach Resources (AREX) closed at $0.17 in the latest trading session, marking a -0.95% move from the prior day.

2019-09-13
Here's Why You Should Steer Clear Of Approach (AREX) Now
A weak commodity pricing scenario and a debt heavy balance sheet are hurting Approach's (AREX) performance.

Financial Analysis

Growth
Growth measures the growth of both a company's revenue and net income. it tells investors how fast a company is growing.
Profitability
Profitability measures a company’s ability to generate earnings as compared to its expenses and other relevant costs.
Solvency
Solvency measures a company's ability to meet its long-term debts. Acceptable solvency ratios will vary from industry to industry.
Efficiency
Efficiency measures the strength of a company's return on invested capital. It can identify business that are better managed or not.
Click here to get more fundamental analysis.
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Stock Basics & Statistics

Exchange:  Nasdaq Global Select
Sector:  Energy
Industry:  Oil Gas EP
Shares Out. (M) 93.66
Shares Float (M) 41.78
% Held by Insiders 4.74
% Held by Institutions 70.44
Shares Short (K) 3320
Shares Short P. Month (K)

Stock Financials

EPS -0.359
Book Value (p.s.) 6.150
PEG Ratio -0.09
Profit Margin -38.00
Operating Margin -9.10
Return on Assets (ttm) -0.5
Return on Equity (ttm) -5.9
Qtrly Rev. Growth -51.5
Gross Profit (p.s.) 0.897
Sales Per Share
EBITDA (p.s.) 0.507
Qtrly Earnings Growth
Operating Cash Flow (M) 13.33
Levered Free Cash Flow (M) 0.09

Stock Valuations

P/E -0.33
P/E Growth Ratio -0.02
P/BV 0.02
P/S 11707500.00
P/CF 0.83

Dividends & Splits

Dividend
Dividend Yield
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.
Forward Dividend
Last Split Date
Last Split Ratio -1e+010
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