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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’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 : 3/10

vs
industry
vs
history
Equity-to-Asset 0.51
AREX's Equity-to-Asset is ranked lower than
52% of the 425 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.52 vs. AREX: 0.51 )
Ranked among companies with meaningful Equity-to-Asset only.
AREX' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.37  Med: 0.64 Max: 0.81
Current: 0.51
0.37
0.81
Piotroski F-Score: 5
Altman Z-Score: 0.04
Beneish M-Score: 99999999.99
WACC vs ROIC
10.01%
-35.10%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’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.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

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 : 4/10

vs
industry
vs
history
Operating Margin % -33.03
AREX's Operating Margin % is ranked lower than
56% of the 436 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -23.06 vs. AREX: -33.03 )
Ranked among companies with meaningful Operating Margin % only.
AREX' s Operating Margin % Range Over the Past 10 Years
Min: -207.45  Med: 11.25 Max: 34.55
Current: -33.03
-207.45
34.55
Net Margin % -181.09
AREX's Net Margin % is ranked lower than
77% of the 434 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -29.08 vs. AREX: -181.09 )
Ranked among companies with meaningful Net Margin % only.
AREX' s Net Margin % Range Over the Past 10 Years
Min: -181.09  Med: 6.81 Max: 39.85
Current: -181.09
-181.09
39.85
ROE % -31.22
AREX's ROE % is ranked lower than
73% of the 425 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -8.78 vs. AREX: -31.22 )
Ranked among companies with meaningful ROE % only.
AREX' s ROE % Range Over the Past 10 Years
Min: -31.22  Med: 1.91 Max: 11.04
Current: -31.22
-31.22
11.04
ROA % -15.97
AREX's ROA % is ranked lower than
67% of the 511 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -7.02 vs. AREX: -15.97 )
Ranked among companies with meaningful ROA % only.
AREX' s ROA % Range Over the Past 10 Years
Min: -15.97  Med: 1.39 Max: 7.97
Current: -15.97
-15.97
7.97
ROC (Joel Greenblatt) % -2.95
AREX's ROC (Joel Greenblatt) % is ranked higher than
61% of the 483 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -8.12 vs. AREX: -2.95 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
AREX' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -21.92  Med: 3.51 Max: 13.77
Current: -2.95
-21.92
13.77
3-Year Revenue Growth Rate -22.30
AREX's 3-Year Revenue Growth Rate is ranked lower than
52% of the 374 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -21.40 vs. AREX: -22.30 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
AREX' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 0  Med: -4.1 Max: 23.6
Current: -22.3
0
23.6
3-Year EBITDA Growth Rate -35.60
AREX's 3-Year EBITDA Growth Rate is ranked lower than
69% of the 308 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -21.00 vs. AREX: -35.60 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
AREX' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 0  Med: -18.1 Max: 40.3
Current: -35.6
0
40.3
GuruFocus has detected 5 Warning Signs with Approach Resources Inc $AREX.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» AREX's 30-Y Financials

Financials (Next Earnings Date: 2017-08-04 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

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Business Description

Industry: Oil & Gas - E&P » Oil & Gas E&P    NAICS: 211111    SIC: 1311
Compare:OTCPK:PMOIY, OTCPK:KRNGF, OTCPK:CRLFF, AMEX:LLEX, AMEX:EPM, NAS:AXAS, OTCPK:FOLGF, NYSE:KRP, NYSE:BBG, AMEX:MPO, NYSE:WTI, OTCPK:FTMR, AMEX:GST, OTCPK:SHASF, NYSE:SBOW, NYSE:GNE, OTCPK:YGRAF, OTCPK:GEGYF, OTCPK:FARYF, OTCPK:SUNYF » details
Traded in other countries:3OX.Germany,
Headquarter Location:USA
Approach Resources Inc is an independent energy company. It is engaged in the exploration, development, production and acquisition of unconventional oil and gas reserves in the Midland Basin of the greater Permian Basin in West Texas.

Approach Resources Inc was incorporated in September 2002. The Company is an independent energy company focused on the exploration, development, production and acquisition of unconventional oil and gas reserves in the Midland Basin of the greater Permian Basin in West Texas. In West Texas, Company leased approximately 146,000 net acres as of December 31, 2013. The Company is currently developing resource potential from the Wolfcamp shale oil formation, and also includes drilling targets of Clearfork, Canyon Sands, Strawn and Ellenburger zones. It faces competition from companies that have greater resources and companies that explore for, produce and market oil and gas, carry on refining operations and market the end products. It also faces competition from alternative fuel sources, including coal, heating oil, imported LNG, nuclear and other nonrenewable fuel sources, and renewable fuel sources such as wind, solar, geothermal, hydropower and biomass. The Company is subject to extensive federal, state and local laws and regulations governing environmental protection as well as discharge of materials into the environment.

Top Ranked Articles about Approach Resources Inc

Approach Resources Inc. Schedules First Quarter 2017 Conference Call for Friday, May 5, 2017
Approach Resources Inc. to Present at 23rd Annual OGIS Conference

FORT WORTH, Texas, March 30, 2017 (GLOBE NEWSWIRE) -- Approach Resources Inc. (NASDAQ:AREX) today announced that Approach’s President and Chief Operating Officer, Qingming Yang, will present at the 23rd Annual Oil & Gas Investment Symposia hosted by the Independent Petroleum Association of America in New York, New York on Tuesday, April 4, 2017, at 11:20 AM EDT.
The presentation slides and a webcast of the presentation will be available on the "Investors" section of the Company's website, www.approachresources.com. About Approach Resources Approach Resources Inc. is an independent energy company focused on the exploration, development, production and acquisition of unconventional oil and gas reserves in the Midland Basin of the greater Permian Basin in West Texas.  For more information about the Company, please visit www.approachresources.com.  Please note that the Company routinely posts important information about the Company under the Investor Relations section of its website.
INVESTOR CONTACT
Suzanne Ogle
Vice President Investor Relations and Corporate Communication
[email protected]
817.989.9000

Read more...
Approach Resources Inc. Chairman and CEO to Present at Scotia Howard Weil 2017 Energy Conference

FORT WORTH, Texas, March 14, 2017 (GLOBE NEWSWIRE) -- Approach Resources Inc. (NASDAQ:AREX) today announced that Approach’s Chairman and Chief Executive Officer J. Ross Craft will present at the Scotia Howard Weil 45th Annual Energy Conference on Wednesday, March 29, 2017, at 10:20 AM CT. 
Presentations from this conference are not being webcast; however, on the day of the presentation slides will be available on the Company’s website at www.approachresources.com. About Approach Resources Approach Resources Inc. is an independent energy company focused on the exploration, development, production and acquisition of unconventional oil and gas reserves in the Midland Basin of the greater Permian Basin in West Texas.  For more information about the Company, please visit www.approachresources.com.  Please note that the Company routinely posts important information about the Company under the Investor Relations section of its website.
INVESTOR CONTACT
Suzanne Ogle
Vice President Investor Relations & Corporate Communication
[email protected]
817.989.9000

Read more...
Arnold Schneider Adds to Approach Resources Company is one of the guru’s many energy holdings
Arnold Schneider (Trades, Portfolio) of Schneider Capital Management added to his position in Approach Resources Inc. (NASDAQ:AREX) on Aug. 31. Read more...

Ratios

vs
industry
vs
history
PB Ratio 0.40
AREX's PB Ratio is ranked higher than
85% of the 429 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.16 vs. AREX: 0.40 )
Ranked among companies with meaningful PB Ratio only.
AREX' s PB Ratio Range Over the Past 10 Years
Min: 0.05  Med: 0.98 Max: 2.75
Current: 0.4
0.05
2.75
PS Ratio 1.32
AREX's PS Ratio is ranked higher than
73% of the 401 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 2.87 vs. AREX: 1.32 )
Ranked among companies with meaningful PS Ratio only.
AREX' s PS Ratio Range Over the Past 10 Years
Min: 0.22  Med: 3.85 Max: 12.54
Current: 1.32
0.22
12.54
Price-to-Free-Cash-Flow 88.74
AREX's Price-to-Free-Cash-Flow is ranked lower than
90% of the 131 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 13.41 vs. AREX: 88.74 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
AREX' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 2.26  Med: 16.35 Max: 91.88
Current: 88.74
2.26
91.88
Price-to-Operating-Cash-Flow 4.90
AREX's Price-to-Operating-Cash-Flow is ranked higher than
61% of the 272 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 6.30 vs. AREX: 4.90 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
AREX' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 0.28  Med: 5.16 Max: 16.92
Current: 4.9
0.28
16.92
EV-to-EBITDA 13.69
AREX's EV-to-EBITDA is ranked lower than
64% of the 266 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 10.51 vs. AREX: 13.69 )
Ranked among companies with meaningful EV-to-EBITDA only.
AREX' s EV-to-EBITDA Range Over the Past 10 Years
Min: -4.6  Med: 9.9 Max: 30.1
Current: 13.69
-4.6
30.1
Current Ratio 0.41
AREX's Current Ratio is ranked lower than
80% of the 497 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.27 vs. AREX: 0.41 )
Ranked among companies with meaningful Current Ratio only.
AREX' s Current Ratio Range Over the Past 10 Years
Min: 0.19  Med: 0.58 Max: 1.93
Current: 0.41
0.19
1.93
Quick Ratio 0.41
AREX's Quick Ratio is ranked lower than
80% of the 496 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.17 vs. AREX: 0.41 )
Ranked among companies with meaningful Quick Ratio only.
AREX' s Quick Ratio Range Over the Past 10 Years
Min: 0.19  Med: 0.58 Max: 1.93
Current: 0.41
0.19
1.93
Days Sales Outstanding 32.01
AREX's Days Sales Outstanding is ranked higher than
78% of the 386 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 51.71 vs. AREX: 32.01 )
Ranked among companies with meaningful Days Sales Outstanding only.
AREX' s Days Sales Outstanding Range Over the Past 10 Years
Min: 27.72  Med: 42.48 Max: 101.29
Current: 32.01
27.72
101.29
Days Payable 151.36
AREX's Days Payable is ranked higher than
64% of the 255 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 86.03 vs. AREX: 151.36 )
Ranked among companies with meaningful Days Payable only.
AREX' s Days Payable Range Over the Past 10 Years
Min: 123.41  Med: 302.37 Max: 544.11
Current: 151.36
123.41
544.11

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -2.40
AREX's 3-Year Average Share Buyback Ratio is ranked higher than
75% of the 376 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -10.50 vs. AREX: -2.40 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
AREX' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -120.3  Med: -17 Max: -1.7
Current: -2.4
-120.3
-1.7

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 0.41
AREX's Price-to-Tangible-Book is ranked higher than
87% of the 402 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.21 vs. AREX: 0.41 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
AREX' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.08  Med: 1.06 Max: 2.85
Current: 0.41
0.08
2.85
Price-to-Median-PS-Value 0.35
AREX's Price-to-Median-PS-Value is ranked higher than
79% of the 370 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.86 vs. AREX: 0.35 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
AREX' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.11  Med: 1.03 Max: 3.26
Current: 0.35
0.11
3.26
Price-to-Peter-Lynch-Fair-Value 0.15
AREX's Price-to-Peter-Lynch-Fair-Value is ranked lower than
99.99% of the 15 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.64 vs. AREX: 0.15 )
Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only.
AREX' s Price-to-Peter-Lynch-Fair-Value Range Over the Past 10 Years
Min: 0  Med: 0.63 Max: 35.61
Current: 0.15
0
35.61
Earnings Yield (Greenblatt) % -5.43
AREX's Earnings Yield (Greenblatt) % is ranked lower than
53% of the 513 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -3.91 vs. AREX: -5.43 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
AREX' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -51.9  Med: 1.4 Max: 24.4
Current: -5.43
-51.9
24.4
Forward Rate of Return (Yacktman) % -151.50
AREX's Forward Rate of Return (Yacktman) % is ranked lower than
90% of the 177 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -16.06 vs. AREX: -151.50 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
AREX' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -223.7  Med: -17.8 Max: 3.2
Current: -151.5
-223.7
3.2

More Statistics

Revenue (TTM) (Mil) $99.04
EPS (TTM) $ -2.93
Beta3.46
Short Percentage of Float22.09%
52-Week Range $1.35 - 4.35
Shares Outstanding (Mil)86.28

Analyst Estimate

Dec17 Dec18
Revenue (Mil $) 108 100
EPS ($) -0.39 -0.43
EPS without NRI ($) -0.39 -0.43
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)
» More Articles for AREX

Headlines

Articles On GuruFocus.com
Approach Resources Inc. Schedules First Quarter 2017 Conference Call for Friday, May 5, 2017 Apr 13 2017 
Approach Resources Inc. to Present at 23rd Annual OGIS Conference Mar 30 2017 
Approach Resources Inc. Chairman and CEO to Present at Scotia Howard Weil 2017 Energy Conference Mar 14 2017 
Arnold Schneider Adds to Approach Resources Sep 16 2016 
EnerCom to Host The Oil & Gas Conference(R) 21 in Denver on August 14-18, 2016 Jun 07 2016 
Use Warnings Signs To Better Understand The Risks Sep 24 2014 
Yale Endowment Fund Buys Berkshire Hathaway, Franklin Resources, Higher One, Sells SPY, EEM, OEF, EF Aug 19 2011 
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 

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ETFs with exposure to Approach Resources, Inc. : April 25, 2017 Apr 25 2017
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Approach Resources Inc. to Present at 23rd Annual OGIS Conference Mar 30 2017
ETFs with exposure to Approach Resources, Inc. : March 27, 2017 Mar 27 2017
Approach Resources, Inc. :AREX-US: Earnings Analysis: Q4, 2016 By the Numbers : March 21, 2017 Mar 21 2017
Edited Transcript of AREX earnings conference call or presentation 10-Mar-17 3:00pm GMT Mar 10 2017
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Concerning Possible Breaches of... Mar 10 2017
SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Approach Resources Inc. for... Mar 10 2017

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