Posted On: 04/27/2016 4:20:34 PM
Post# of 63868
$AREX
Zacks Rank #2 (Buy)
Nasdaq GM $2.99
Website
Company Presentation PDF
New volume 3/3/16 with 10-Q PDF
Shares Outstanding 39.81M
Float 36.85M
% Held by Insiders 20.05%
% Held by Institutions 1 91.90%
Shares Short 5.62M
Short Ratio 5.66
Short % of Float 321.01%
Approach Resources, Inc., an independent energy company, focuses on the acquisition, exploration, development, and production of unconventional oil and gas reserves in the United States. The companys properties are primarily located in the Permian Basin in west Texas. It also owns interests in east Texas Basin. As of December 31, 2015, it had estimated proved reserves of approximately 166.6 million barrels of oil equivalent in Crockett and Schleicher counties, Texas; and owned and operated 803 producing oil and gas wells in the Permian Basin. Approach Resources, Inc. was incorporated in 2002 and is headquartered in Fort Worth, Texas.
Zacks Rank #2 (Buy)
Nasdaq GM $2.99
Website
Company Presentation PDF
New volume 3/3/16 with 10-Q PDF
Shares Outstanding 39.81M
Float 36.85M
% Held by Insiders 20.05%
% Held by Institutions 1 91.90%
Shares Short 5.62M
Short Ratio 5.66
Short % of Float 321.01%
Approach Resources, Inc., an independent energy company, focuses on the acquisition, exploration, development, and production of unconventional oil and gas reserves in the United States. The companys properties are primarily located in the Permian Basin in west Texas. It also owns interests in east Texas Basin. As of December 31, 2015, it had estimated proved reserves of approximately 166.6 million barrels of oil equivalent in Crockett and Schleicher counties, Texas; and owned and operated 803 producing oil and gas wells in the Permian Basin. Approach Resources, Inc. was incorporated in 2002 and is headquartered in Fort Worth, Texas.
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