Approach Resources, Inc. (AREX): Analyzing Basic Trading Data

In the past 52-week period, shares of Approach Resources, Inc. (NASDAQ:AREX) have moved within the range of $1.93 to $3.65. On the stock’s most recent trading day, the company’s shares ended the regular session at $3.93, which is -7.67% lower than its 52-week high.

Approach Resources, Inc. (AREX) has demonstrated a 20-day simple moving average (SMA) of 32.97%, and a 50-day SMA of 50.89%. This public company’s current market capitalization stands at $342.15 million.

Analyzing Consensus Estimates, Sales Revenue and Net Income

Gauging the level of enthusiasm that Wall Street analysts have for a particular stock is important when considering an investment. According to the latest data, the consensus recommendation for Approach Resources, Inc. (AREX) is Hold.

When it comes to reporting sales figures, public companies typically post earnings and revenue that fall above or below the average Wall Street forecast. In the most recent quarterly financial report, for the quarter ending Sep. 2017, Approach Resources, Inc. (AREX) delivered a 1.43% surprise with its net revenue. Sales reached $0.03 billion during the three-month period, compared to the average analyst estimate of $0.03 billion.

Meanwhile, during the same quarter Approach Resources, Inc. (AREX) delivered a -11.99% earnings surprise. Net earnings for the quarter were posted at -$0.08 per share, whereas Wall Street had forecast -$0.09 per share.

Ownership at Approach Resources, Inc. (AREX), According to Most Recent SEC Filings

A publicly-traded company’s most recent 13F filings give us important details about the organization’s institutional ownership. Approach Resources, Inc. (AREX) has 0 billion shares outstanding currently, 24.63% of which belong to institutional investors. Those institutional holdings amount to $0.08 billion.

Additionally, according to the most recent 13F filing from Approach Resources, Inc. (AREX), there were 12 new positions totaling 2,349,578 shares of the company’s stock. There were 18 sold out positions, on the other hand, totaling 1,477,894 shares.

Short, Medium and Long Term Indicators

Taking a look at a stock’s average volume – in the long, medium and short terms – is helpful for understanding investor sentiment and trading activity. Approach Resources, Inc. (AREX) has had a 20-day average volume of 882,230 shares, with an average of 100% of short term indicators pointed at Buy.

The stock’s 50-day average volume has been 581,694 shares, with an average of 100% of medium term indicators pointing toward Buy. Finally, its 100-day average volume is 520,919 shares with 100% of long-term indicators pointing to Buy.