Approach Resources Inc. (NASDAQ:AREX) Raised to Hold at ValuEngine

The stock was purchased at an average price of $2.72 per share, for a total transaction of $239,360.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. The stock was acquired at an average cost of $2.81 per share, for a total transaction of $562,000.00.

On Tuesday, June 20th, Wilks Brothers, Llc bought 100,000 shares of Approach Resources stock. The stock was bought at an average price of $2.56 per share, with a total value of $256,000.00. Seaport Global Securities downgraded Approach Resources from a "neutral" rating to a "sell" rating and reduced their price objective for the stock from $3.00 to $0.50 in a report on Wednesday, June 21st.

On Friday, June 16th, Wilks Brothers, Llc purchased 300,000 shares of Approach Resources stock. The stock was purchased at an average price of $2.77 per share, for a total transaction of $969,500.00.

On Monday, June 19th, Wilks Brothers, Llc bought 88,000 shares of Approach Resources stock.

On Friday, June 2nd, Wilks Brothers, Llc purchased 200,000 shares of Approach Resources stock.

On Tuesday, May 30th, Wilks Brothers, Llc bought 100,000 shares of Approach Resources stock.

On Thursday, June 8th, Wilks Brothers, Llc purchased 300,000 shares of Approach Resources stock. The shares were acquired at an average cost of $2.79 per share, with a total value of $1,046,250.00.

The stock of Approach Resources Inc.

Shares of Approach Resources Inc. About 164,679 shares traded. Approach Resources, Inc. has 1 buy ratings, 6 holds and 0 sells even after the stock tumbled -31.95% from its high of $4.35 to a $283.95 million market value through last close.

NantKwest, Inc. (NK) observed trading -2.02% away from the 20-day moving average and 37.44% off from its 50-day simple moving average. The firm exchanged a volume of 0.76 million shares at hands.

Approach Resources (NASDAQ:AREX) last issued its earnings results on Thursday, May 4th. The energy company reported ($0.11) EPS for the quarter, meeting the Zacks' consensus estimate of ($0.11). Approach Resources had a negative net margin of 181.09% and a negative return on equity of 6.87%. The company had revenue of $26.40 million for the quarter, compared to the consensus estimate of $25.96 million.

Turning to Approach Resources, Inc. Approach Resources earned a media sentiment score of 0.25 on Accern's scale. "(AREX) Insider Acquires $743,040.00 in Stock" was first published by Markets Daily and is owned by of Markets Daily. If you are reading this news story on another site, it was copied illegally and reposted in violation of United States and worldwide trademark and copyright law. The legal version of this news story can be accessed at https://www.chaffeybreeze.com/2017/07/12/approach-resources-inc-arex-major-shareholder-wilks-brothers-llc-buys-88000-shares-of-stock-updated-updated.html. First Manhattan Co. boosted its position in shares of Approach Resources by 136.1% in the first quarter. Lubar & Co. Inc now owns 1,038,424 shares of the energy company's stock worth $3,510,000 after buying an additional 26,086 shares during the period. Airain ltd acquired a new position in Approach Resources during the first quarter worth approximately $166,000. Marathon Asset Management Lp expanded its stake by buying 100,000 shares an increase of 9.3% from 12/31/2016 to 03/31/2017. Boston Partners boosted its position in shares of Approach Resources by 41.2% in the first quarter. Following the completion of the acquisition, the director now owns 131,749 shares in the company, valued at approximately $395,247. Finally, Spark Investment Management LLC boosted its stake in Approach Resources by 73.7% in the first quarter. Recently, the stock has been noticed trading 9.26% away from the 20-day moving average. Analysts set a 12-month price target of $3.34 a share. Zacks Investment Research cut shares of Approach Resources from a hold rating to a sell rating in a report on Friday, May 19th. ValuEngine raised Approach Resources from a "sell" rating to a "hold" rating in a report on Saturday, July 1st. (NASDAQ:AREX). D L Carlson Invest Gru reported 11,650 shares. Finally, KLR Group reaffirmed a "buy" rating and set a $4.00 price objective (down previously from $4.25) on shares of Approach Resources in a report on Tuesday, March 14th. Approach Resources has a consensus rating of "Hold" and a consensus target price of $3.20. Taking a look back at some historical performance numbers for Approach Resources, Inc. The Firm is focused on the exploration, development, production and acquisition of unconventional gas and oil reserves in the Midland Basin of the greater Permian Basin in West Texas.

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