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26.35 (1y: -13%)
Market Cap 1.02 B P/E(ttm) 206.00
Enterprise Value 1.17 B P/B 1.60
AREX- NAS (USA)
Approach Resources, Inc.
Not Rated
Top Ranked Predictable Companies
$26.35
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry		 vs
history
Cash to Debt 0.007
AREX's Cash to Debt is ranked lower than
83% of the 408 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.34 vs. AREX: 0.007 )
AREX' s 10-Year Cash to Debt Range
Min: 0.01   Max: No Debt
Current: 0.01
Equity to Asset 0.74
AREX's Equity to Asset is ranked higher than
70% of the 408 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.55 vs. AREX: 0.74 )
AREX' s 10-Year Equity to Asset Range
Min: 0.37   Max: 0.81
Current: 0.74
0.37
0.81
Interest Coverage 2.3
AREX's Interest Coverage is ranked lower than
54% of the 408 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 3.40 vs. AREX: 2.3 )
AREX' s 10-Year Interest Coverage Range
Min: 1   Max: No Debt
Current: 2.3
F-Score: 4
Z-Score: 2.47
M-Score: 0.87
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry		 vs
history
Operating margin (%) 8.40
AREX's Operating margin (%) is ranked higher than
58% of the 408 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.80 vs. AREX: 8.40 )
AREX' s 10-Year Operating margin (%) Range
Min: -22.1   Max: 62.4
Current: 8.4
-22.1
62.4
Net-margin (%) 5
AREX's Net-margin (%) is ranked higher than
57% of the 408 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.00 vs. AREX: 5 )
AREX' s 10-Year Net-margin (%) Range
Min: -12.9   Max: 45.4
Current: 5
-12.9
45.4
ROE (%) 1
AREX's ROE (%) is ranked higher than
53% of the 408 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.00 vs. AREX: 1 )
AREX' s 10-Year ROE (%) Range
Min: -2.4   Max: 30.5
Current: 1
-2.4
30.5
ROA (%) 0.7
AREX's ROA (%) is ranked higher than
54% of the 408 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.00 vs. AREX: 0.7 )
AREX' s 10-Year ROA (%) Range
Min: -1.6   Max: 14.1
Current: 0.7
-1.6
14.1
ROC (Joel Greenblatt) (%) 1.40
AREX's ROC (Joel Greenblatt) (%) is ranked higher than
56% of the 408 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.00 vs. AREX: 1.40 )
AREX' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -3.1   Max: 37.3
Current: 1.4
-3.1
37.3
Revenue Growth (%) 17.2
AREX's Revenue Growth (%) is ranked higher than
83% of the 408 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.00 vs. AREX: 17.2 )
AREX' s 10-Year Revenue Growth (%) Range
Min: -40   Max: 17.2
Current: 17.2
-40
17.2
EBITDA Growth (%) 28.3
AREX's EBITDA Growth (%) is ranked higher than
87% of the 408 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.00 vs. AREX: 28.3 )
AREX' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 28.3
Current: 28.3
0
28.3
ยป AREX's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

AREX Guru Trades in Q2 2012

Steven Cohen 134,420 sh (New)
Jim Simons 165,100 sh (New)
David Swensen 69,217 sh (+208.36%)
Columbia Wanger 636,000 sh (+49.65%)
Chuck Royce 12,000 sh (unchged)
Louis Moore Bacon Sold Out
» More
Q3 2012

AREX Guru Trades in Q3 2012

Louis Moore Bacon 26,000 sh (New)
David Swensen 69,217 sh (unchged)
Chuck Royce 12,000 sh (unchged)
Jim Simons Sold Out
Columbia Wanger 480,000 sh (-24.53%)
Steven Cohen 88,598 sh (-34.09%)
» More
Q4 2012

AREX Guru Trades in Q4 2012

Chuck Royce 12,000 sh (unchged)
David Swensen 69,217 sh (unchged)
Steven Cohen Sold Out
Louis Moore Bacon Sold Out
Columbia Wanger 279,000 sh (-41.88%)
» More
Q1 2013

AREX Guru Trades in Q1 2013

Jim Simons 112,600 sh (New)
David Swensen 69,217 sh (unchged)
Chuck Royce 12,000 sh (unchged)
Columbia Wanger 263,000 sh (-5.73%)
» More
» Details

Insider Trades

Latest Guru Trades with AREX

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Mario Gabelli 2011-09-30 Sold Out 0.0015%$16.73 - $28.27 $ 26.3523%0
George Soros 2011-06-30 Sold Out $19.62 - $32.2 $ 26.354%0
Mario Gabelli 2011-06-30 Reduce -44.24%$19.62 - $32.2 $ 26.354%9200
Mario Gabelli 2011-03-31 Reduce -45.9%$23.1 - $32.55 $ 26.35-6%16500
George Soros 2011-03-31 Reduce -96.75%$23.1 - $32.55 $ 26.35-6%6500
George Soros 2010-12-31 New Buy0.06%$11.55 - $23.62 $ 26.3548%200000
Glenn Greenberg 2010-12-31 Sold Out 0.01%$11.55 - $23.62 $ 26.3548%0
Mario Gabelli 2010-12-31 Reduce -28.24%$11.55 - $23.62 $ 26.3548%30500
Glenn Greenberg 2010-09-30 New Buy0.01%$6.24 - $11.38 $ 26.35216%12122
Mario Gabelli 2010-09-30 New Buy$6.24 - $11.38 $ 26.35216%42500
Premium More recent guru trades are included for Premium Members only!!

Ratios

vs
industry		 vs
history
P/E(ttm) 206.00
AREX's P/E(ttm) is ranked lower than
96% of the 216 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 16.80 vs. AREX: 206.00 )
AREX' s 10-Year P/E(ttm) Range
Min: 4.55   Max: 210.86
Current: 206
4.55
210.86
P/B 1.60
AREX's P/B is ranked lower than
58% of the 383 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.33 vs. AREX: 1.60 )
AREX' s 10-Year P/B Range
Min: 0.43   Max: 2.73
Current: 1.6
0.43
2.73
P/S 7.13
AREX's P/S is ranked lower than
74% of the 405 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 3.36 vs. AREX: 7.13 )
AREX' s 10-Year P/S Range
Min: 1.36   Max: 12.54
Current: 7.13
1.36
12.54
EV-to-EBIT 142.9
AREX's EV-to-EBIT is ranked lower than
94% of the 248 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 17.92 vs. AREX: 142.9 )
AREX' s 10-Year EV-to-EBIT Range
Min: 4.8   Max: 1168.2
Current: 142.9
4.8
1168.2
PEG 294.1
AREX's PEG is ranked lower than
99% of the 68 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.99 vs. AREX: 294.1 )
AREX' s 10-Year PEG Range
Min: 0   Max: 305.2
Current: 294.1
0
305.2
Shiller P/E 56.8
AREX's Shiller P/E is ranked lower than
100% of the Companies
in the Global Oil & Gas E&P industry.

( Industry Median: vs. AREX: 56.8 )
AREX' s 10-Year Shiller P/E Range
Min: 8.2   Max: 64.29
Current: 56.8
8.2
64.29

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 329.4
AREX's Price/Net Current Asset Value is ranked lower than
96% of the 293 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 22.00 vs. AREX: 329.4 )
AREX' s 10-Year Price/Net Current Asset Value Range
Min: 13.5   Max: 294.1
Current: 329.4
13.5
294.1
Price/Tangible Book 1.6
AREX's Price/Tangible Book is ranked lower than
56% of the 374 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.40 vs. AREX: 1.6 )
AREX' s 10-Year Price/Tangible Book Range
Min: 0.7   Max: 1.8
Current: 1.6
0.7
1.8
Price/Median PS Value 1.3
AREX's Price/Median PS Value is ranked lower than
82% of the 354 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.80 vs. AREX: 1.3 )
AREX' s 10-Year Price/Median PS Value Range
Min: 0.3   Max: 1.7
Current: 1.3
0.3
1.7
Price/Graham Number 3.1
AREX's Price/Graham Number is ranked lower than
90% of the 197 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.10 vs. AREX: 3.1 )
AREX' s 10-Year Price/Graham Number Range
Min: 0.4   Max: 3.1
Current: 3.1
0.4
3.1
Earnings Yield (Greenblatt) 0.70
AREX's Earnings Yield (Greenblatt) is ranked lower than
65% of the 408 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 2.80 vs. AREX: 0.70 )
AREX' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.1   Max: 21
Current: 0.7
0.1
21
Forward Rate of Return (Yacktman) -9.91
AREX's Forward Rate of Return (Yacktman) is ranked lower than
62% of the 408 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -1.81 vs. AREX: -9.91 )
AREX' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -81.2   Max: -11.6
Current: -9.91
-81.2
-11.6

Business Description

Approach Resources Inc is an independent energy company engaged in the exploration, development, production and acquisition of unconventional natural gas and oil properties in the United States and British Columbia. The company focuses on natural gas and oil reserves in tight sands and shale. Approach Resources currently operates or has interests in the following areas: West Texas; East Texas; Southwest Kentucky; Northeast British Columbia; Northern New Mexico.
Company Website
SEC Reports
Industry: Oil & Gas E&P
Compare:CXO, GST, MXC, PLLL, LINE, CLR, KOG
Traded in other countries:3OX.Germany
ยป More Articles for AREX

Headlines

Articles On GuruFocus.com
Yale Endowment Fund Buys Berkshire Hathaway, Franklin Resources, Higher One, Sells SPY, EEM, OEF, EF Aug 19 2011 
Billionaire Oilman T Boone Pickens Q1 Portfolio Update May 17 2011 
George Soros Q1 Portfolio Update; Buys WFC, CVS, C, DHR, AGRO, MSI, VC, CHTR May 17 2011 
Yale Endowment Fund Loads Up EEM May 13 2011 
Hedge Fund Manager Glenn Greenberg Buys FISV, MA, GOOG, LMT, DELL and AREX, Sells Visa, XTXI Nov 15 2010 
APPROACH RESOURCES INC. Reports Operating Results (10-Q) Aug 04 2010 
APPROACH RESOURCES INC. Reports Operating Results (10-Q/A) Nov 18 2009 
APPROACH RESOURCES INC. Reports Operating Results (10-Q) Nov 05 2009 
APPROACH RESOURCES INC. Reports Operating Results (10-Q) Aug 08 2009 
APPROACH RESOURCES INC. Reports Operating Results (10-Q) May 06 2009 

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