Approach Resources Inc (NASDAQ:AREX) Institutional Investor Positioning Change

May 18, 2018 - By Ned Sandoval

Sentiment for Approach Resources Inc (NASDAQ:AREX)

Approach Resources Inc (NASDAQ:AREX) institutional sentiment increased to 1.54 in Q4 2017. Its up 0.37, from 1.17 in 2017Q3. The ratio has increased, as 40 investment professionals increased and opened new equity positions, while 26 sold and reduced positions in Approach Resources Inc. The investment professionals in our partner’s database now have: 19.88 million shares, down from 20.88 million shares in 2017Q3. Also, the number of investment professionals holding Approach Resources Inc in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 8 Reduced: 18 Increased: 26 New Position: 14.

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 $250.22 million. The companyÂ’s properties are primarily located in the Permian Basin in west Texas. It currently has negative earnings. It also owns interests in east Texas Basin.

The stock increased 1.11% or $0.03 during the last trading session, reaching $2.74. About 922,586 shares traded or 58.66% up from the average. Approach Resources, Inc. (NASDAQ:AREX) has risen 10.57% since May 18, 2017 and is uptrending. It has underperformed by 0.98% the S&P500.

Analysts await Approach Resources, Inc. (NASDAQ:AREX) to report earnings on August, 1. They expect $-0.07 EPS, up 36.36 % or $0.04 from last year’s $-0.11 per share. After $-0.07 actual EPS reported by Approach Resources, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

New Generation Advisors Llc holds 3.73% of its portfolio in Approach Resources, Inc. for 2.05 million shares. Lubar & Co. Inc owns 1.00 million shares or 3.54% of their US portfolio. Moreover, Columbia Pacific Advisors Llc has 0.54% invested in the company for 123,193 shares. The New York-based Centerbridge Partners L.P. has invested 0.1% in the stock. Bridgeway Capital Management Inc, a Texas-based fund reported 785,500 shares.

Since January 1, 0001, it had 5 insider buys, and 0 selling transactions for $6.53 million activity.

More important recent Approach Resources, Inc. (NASDAQ:AREX) news were published by: Globenewswire.com which released: “Report: Developing Opportunities within Griffon, CEVA, Approach Resources, XG Technology, Sotheby’s, and Home …” on May 18, 2018, also Seekingalpha.com published article titled: “Approach Resources’ (AREX) CEO Ross Craft on Q1 2018 Results – Earnings Call Transcript”, Seekingalpha.com published: “Approach Resources: Debt Action” on April 20, 2018. More interesting news about Approach Resources, Inc. (NASDAQ:AREX) was released by: Seekingalpha.com and their article: “US Shale: NAV Analysis Of Williston Basin (Bakken) E&Ps” with publication date: May 04, 2018.

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