Is there a Bearish outlook for Approach Resources, Inc. (NASDAQ:AREX) this week?

December 7, 2017 - By Marie Mckinney

 Is there a Bearish outlook for Approach Resources, Inc. (NASDAQ:AREX) this week?
Investors sentiment increased to 1.5 in 2017 Q2. Its up 0.24, from 1.26 in 2017Q1. It improved, as 21 investors sold Approach Resources, Inc. shares while 13 reduced holdings. 26 funds opened positions while 25 raised stakes. 20.50 million shares or 10.85% less from 23.00 million shares in 2017Q1 were reported.
Utd Automobile Association owns 414,000 shares. Texas-based Eagle Glob Ltd Llc has invested 0% in Approach Resources, Inc. (NASDAQ:AREX). Hl Ser Limited Liability Corporation has 10,000 shares for 0% of their portfolio. Columbia Pacific Advsrs Lc has 0.48% invested in Approach Resources, Inc. (NASDAQ:AREX). Bridgeway Capital Mngmt holds 0.02% of its portfolio in Approach Resources, Inc. (NASDAQ:AREX) for 550,500 shares. Moors And Cabot stated it has 14,500 shares or 0.01% of all its holdings. Lubar & Inc holds 3.61% or 1.00 million shares in its portfolio. Vanguard Group invested in 1.96 million shares. Wells Fargo Mn owns 1,000 shares or 0% of their US portfolio. 27,855 were reported by Lpl Limited. Panagora Asset owns 4,190 shares for 0% of their portfolio. State Street owns 491,375 shares or 0% of their US portfolio. 308,755 were reported by Centerbridge Prns L P. Legal & General Grp Public Ltd Co owns 6,109 shares for 0% of their portfolio. 390,816 are owned by Geode Capital Management Ltd Limited Liability Company.

Approach Resources, Inc. (NASDAQ:AREX) Ratings Coverage

Among 13 analysts covering Approach Resources (NASDAQ:AREX), 2 have Buy rating, 1 Sell and 10 Hold. Therefore 15% are positive. Approach Resources had 24 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Accumulate” rating on Monday, August 10 by KLR Group. As per Tuesday, May 24, the company rating was maintained by Wunderlich. The rating was upgraded by SunTrust to “Hold” on Wednesday, October 26. The stock of Approach Resources, Inc. (NASDAQ:AREX) earned “Outperform” rating by RBC Capital Markets on Friday, August 7. The company was downgraded on Wednesday, September 9 by Macquarie Research. The stock of Approach Resources, Inc. (NASDAQ:AREX) has “Hold” rating given on Monday, November 13 by KeyBanc Capital Markets. As per Wednesday, October 26, the company rating was upgraded by Wunderlich. The rating was maintained by KeyBanc Capital Markets on Tuesday, September 5 with “Hold”. The stock has “Hold” rating by Suntrust Robinson on Wednesday, October 26. The company was downgraded on Wednesday, June 21 by Seaport Global. Below is a list of Approach Resources, Inc. (NASDAQ:AREX) latest ratings and price target changes.

13/11/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
26/09/2017 Broker: Robert W. Baird Rating: Hold New Target: $4.0 Maintain
05/09/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
18/08/2017 Broker: Imperial Capital Rating: In-Line New Target: $2.5 Initiates Coverage On
29/06/2017 Broker: Scotia Capital Rating: Hold New Target: $3.0000
21/06/2017 Broker: Seaport Global Old Rating: Hold New Rating: Sell Downgrade

The stock increased 1.26% or $0.03 during the last trading session, reaching $2.42. About 246,699 shares traded. Approach Resources, Inc. (NASDAQ:AREX) has risen 23.01% since December 7, 2016 and is uptrending. It has outperformed by 6.31% the S&P500.

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 $201.36 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.

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