Approach Resources Inc. (NASDAQ:AREX) Insider Wilks Brothers, Llc Purchases 350000 Shares

This works out to a net increase in ownership of 191240 shares, and suggests that institutions are feeling bullish about the stock. The shares were purchased at an average cost of $2.53 per share, with a total value of $126,500.00. Seekingalpha.com's news article titled: "Catalysts Driving Approach Resources Shares Higher, Positioned Well For 2018" with publication date: January 03, 2018 was also an interesting one. The shares were purchased at an average price of $3.20 per share, for a total transaction of $480,000.00.

On Wednesday, January 3rd, Wilks Brothers, Llc purchased 150,000 shares of Approach Resources stock. The shares were acquired at an average cost of $4.04 per share, with a total value of $808,000.00.

On Wednesday, December 26th, Wilks Brothers, Llc purchased 150,000 shares of Approach Resources stock. Of those transactions, there were 7.29 million shares of AREX bought and 159,429 shares sold. Accern also gave media stories about the energy company an impact score of 47.6368741139875 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.

On Wednesday, December 20th, Wilks Brothers, Llc purchased 600,000 shares of Approach Resources stock. The stock traded on impressive volume of 1.94 Million comparing to the average volume of 529.00 shares, completing picture of exact trends with uncompleted dots in volume over the norm. Finally, KeyCorp restated a "hold" rating on shares of Approach Resources in a report on Monday, November 13th. The shares were purchased at an average cost of $3.05 per share, with a total value of $457,500.00. The stock was bought at an average price of $2.59 per share, with a total value of $1,424,500.00.

The stock of Approach Resources, Inc. (AREX) traded down $0.02 during mid-day trading on Friday, reaching $3.91. The company reached its 52-Week high of $3.56 on 07/03/17 and 52-Week low of $1.93 on 03/10/17. Northland Capital maintained the stock with "Market Perform" rating in Friday, August 7 report. Total debt to equity ratio of the company for most recent quarter is 0.69 whereas long term debt to equity ratio for most recent quarter is 0.69. Approach Resources earned a coverage optimism score of 0.09 on Accern's scale.

According to the latest stock data, investors are looking at Approach Resources, Inc.

The company announced its last quarter financial performance results on 11/01/2017. The business had revenue of $25.61 million for the quarter, compared to the consensus estimate of $25.74 million. 0 analysts recommended Overweight these shares while 2 recommended Underweight, according to FactSet data. Virtu KCG Holdings LLC now owns 32,033 shares of the energy company's stock valued at $108,000 after purchasing an additional 20,705 shares in the last quarter. New York State Common Retirement Fund acquired a new position in shares of Approach Resources during the second quarter valued at approximately $154,000. (NASDAQ:MNTX). Perritt Capital Mngmt Inc owns 217,830 shares. KS increased its position in shares of Approach Resources by 68.1% during the third quarter. Over the past month the firm's stock is 54.72%, 61.07% for the last quarter, 31.88% for the past six-months and 23.58% for the a year ago. Rhumbline Advisers purchased a new position in shares of Approach Resources in the second quarter worth $157,000. Virtu KCG Holdings LLC lifted its holdings in Approach Resources by 182.8% during the second quarter.

A number of brokerages have recently commented on AREX.

Among 13 analysts covering Approach Resources (NASDAQ:AREX), 2 have Buy rating, 1 Sell and 10 Hold. BidaskClub upgraded Approach Resources from a "hold" rating to a "buy" rating in a research note on Thursday. The insider now holds 120,838 shares of Approach Resources, Inc. ValuEngine downgraded Approach Resources from a "sell" rating to a "strong sell" rating in a research report on Sunday, December 31st. As per Friday, September 22, the company rating was maintained by KeyBanc Capital Markets. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Approach Resources now has a consensus rating of "Hold" and a consensus price target of $3.08.

ILLEGAL ACTIVITY NOTICE: "Approach Resources Inc".

Since December 11, 2017, it had 0 insider purchases, and 3 insider sales for $5.26 million activity. If you are accessing this report on another publication, it was stolen and reposted in violation of USA & global copyright laws.

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 companyÂ's properties are primarily located in the Permian Basin in west Texas.

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