How can Approach Resources Inc. (NASDAQ:AREX) punish you?

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Approach Resources Inc. (NASDAQ:AREX) said its revenue at the close of the latest quarter were 26.36M%, up 0.33% from the same period a year earlier.

Since Approach Resources Inc. incurred expenses of $23.18M to generate the revenue. Its gross income in the quarter was $3.18M. After discounting other operating expenses like salaries from the gross income, it closed up with EPS of $(2.00).

Let’s analyze the technical of the stock

The Barchart Technical Opinion rating is a 48% Sell with a Strengthening short term outlook on maintaining the current direction. Longer term, the trend strength is Weak. Long term indicators fully support a continuation of the trend.

The reported EPS from dividing the net income by the number of outstanding shares. Shareholders should bear in mind that Approach Resources Inc. closed the quarter with diluted due shares of 70.41M.

For the imminent quarter, though, the market analysts are expecting EPS of $-0.06 from Approach Resources Inc..

Approach Resources Inc. finished the recent quarter with a cash balance of 79,000%. It recorded net cash flow of $5.69M from operations, resulting in free cash flow of $(7.68M) for the quarter.

With that, the firm closed the quarter with total assets of $1.1B. Approach Resources Inc. booked total liabilities of $539.52M in the previous quarter.

Analysts who have analyzed Approach Resources Inc. so far have a recommendation of Overweight on its equity. What does that indicate? A recommendation in between 1.00 – 1.24 implies that a stock is a BUY. A call in the band of 1.75 – 2.24 implies a stock is a HOLD, and a call figure in between 2.75 – 3.00 shows a stock is a SELL. So that explains you the perception of Approach Resources Inc. on Wall Street.

However, outside HOLD, SELL and BUY other available analyst calls are OVERWEIGHT and UNDERWEIGHT, shown by figures in the range of 1.25 – 1.74 and 2.25 – 2.74, correspondingly.

Analysts on the average are anticipating that shares of Approach Resources Inc. will be trading at $5.03 in the next 12 months.

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