Approach Resources Inc. has received $-0.19 as the consensus Earnings Estimate for the Quarter ending on Dec 2016 ,According to the estimate provided by 4 Financial Advisor in the Stock Trading Firms. Among 4 Analysts, Bottom line EPS Estimate for the current quarter is $-0.21 while the top line estimate is $-0.16 , a key information to consider for Day Trading and investing in stocks. The EPS growth rate is projected at -60.42%.
Approach Resources Inc. reported better than expected with a surprise EPS of 4.17% or $0.01 during its most recent quarterly earnings. The Actual EPS was $-0.23 compared to the Estimated EPS of $-0.24.
In the last quarter, Approach Resources Inc. reported Annual Earnings of $-0.23. Based on the filings, last years Annual Earnings was, $-0.37. In the last Quarter, AREX reported a surprise Earnings per Share of 4.17% . The consensus estimate for current quarter is $-0.19 and for the current fiscal year, the estimate is $-0.99. For the Next fiscal year, the estimate is $-0.34 based on the consensus.
Approach Resources Inc. (NASDAQ:AREX) : On Tuesday heightened volatility was witnessed in Approach Resources Inc. (NASDAQ:AREX) which led to swings in the share price. The stock opened for trading at $3.15 and hit $3.25 on the upside , eventually ending the session at $3.25, with a gain of 4.5% or 0.14 points. The heightened volatility saw the trading volume jump to 1,757,203 shares. The 52-week high of the share price is $4.35 and the company has a market cap of $264 million. The 52-week low of the share price is at $0.6012 .
Approach Resources Inc. is an independent energy company engaged in the exploration, development, exploitation, production and acquisition of unconventional natural gas and oil properties onshore in the United States and Western Canada. The Company focuses its growth efforts primarily on finding and developing natural gas reserves in known tight gas sands and shale areas. The Company currently operates in Texas, New Mexico and Kentucky and has a non-operating interest in Western Canada.