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Approach Resources

Nasdaq:AREX
Snowflake Description

Imperfect balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AREX
Nasdaq
$25M
Market Cap
  1. Home
  2. US
  3. Energy
Company description

Approach Resources, Inc., an independent energy company, focuses on the acquisition, exploration, development, and production of unconventional oil and gas reserves. The last earnings update was 6 days ago. More info.


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  • Approach Resources has significant price volatility in the past 3 months.
AREX Share Price and Events
7 Day Returns
-4%
NasdaqGS:AREX
-1.6%
US Oil and Gas
-3.9%
US Market
1 Year Returns
-89.8%
NasdaqGS:AREX
-16.8%
US Oil and Gas
1.4%
US Market
AREX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Approach Resources (AREX) -4% -25.6% -73.1% -89.8% -88.3% -98.5%
US Oil and Gas -1.6% -6.5% -1.2% -16.8% -2.4% -33.6%
US Market -3.9% -3.6% 1.8% 1.4% 35.8% 40.8%
1 Year Return vs Industry and Market
  • AREX underperformed the Oil and Gas industry which returned -16.8% over the past year.
  • AREX underperformed the Market in United States of America which returned 1.4% over the past year.
Price Volatility
AREX
Industry
5yr Volatility vs Market

AREX Value

 Is Approach Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Approach Resources. This is due to cash flow or dividend data being unavailable. The share price is $0.2801.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Approach Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Approach Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:AREX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.31
NasdaqGS:AREX Share Price ** NasdaqGS (2019-05-15) in USD $0.28
United States of America Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 12.46x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Approach Resources.

NasdaqGS:AREX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:AREX Share Price ÷ EPS (both in USD)

= 0.28 ÷ -0.31

-0.91x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Approach Resources is loss making, we can't compare its value to the US Oil and Gas industry average.
  • Approach Resources is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Approach Resources's expected growth come at a high price?
Raw Data
NasdaqGS:AREX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.91x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
22.4%per year
United States of America Oil and Gas Industry PEG Ratio Median Figure of 76 Publicly-Listed Oil and Gas Companies 0.52x
United States of America Market PEG Ratio Median Figure of 2,113 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Approach Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Approach Resources's assets?
Raw Data
NasdaqGS:AREX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $6.29
NasdaqGS:AREX Share Price * NasdaqGS (2019-05-15) in USD $0.28
United States of America Oil and Gas Industry PB Ratio Median Figure of 194 Publicly-Listed Oil and Gas Companies 1.01x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
NasdaqGS:AREX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:AREX Share Price ÷ Book Value per Share (both in USD)

= 0.28 ÷ 6.29

0.04x

* Primary Listing of Approach Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Approach Resources is good value based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess Approach Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Approach Resources has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

AREX Future Performance

 How is Approach Resources expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
22.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Approach Resources expected to grow at an attractive rate?
  • Unable to compare Approach Resources's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Approach Resources's earnings growth to the United States of America market average as it is expected to be loss making during the next 1-3 years.
  • Approach Resources's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:AREX Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:AREX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 22.4%
NasdaqGS:AREX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts -11.8%
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 12.4%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:AREX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:AREX Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 82 28 -22 2
2019-12-31 85 11 -39 2
NasdaqGS:AREX Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 105 28 -29
2018-12-31 114 35 -20
2018-09-30 120 37 25
2018-06-30 113 35 21
2018-03-31 108 37 21
2017-12-31 105 37 -112
2017-09-30 103 36 -172
2017-06-30 102 34 -172
2017-03-31 99 26 -179
2016-12-31 90 26 -52
2016-09-30 89 40 -45
2016-06-30 99 61 -184

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Approach Resources is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Approach Resources's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:AREX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Approach Resources Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:AREX Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 -0.24 -0.16 -0.32 2.00
2019-12-31 -0.42 -0.41 -0.42 2.00
NasdaqGS:AREX Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.31
2018-12-31 -0.21
2018-09-30 0.27
2018-06-30 0.23
2018-03-31 0.23
2017-12-31 -1.35
2017-09-30 -2.41
2017-06-30 -2.87
2017-03-31 -3.67
2016-12-31 -1.26
2016-09-30 -1.08
2016-06-30 -4.50

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Approach Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Approach Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Approach Resources has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

AREX Past Performance

  How has Approach Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Approach Resources's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Approach Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Approach Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Approach Resources's 1-year growth to the US Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Approach Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Approach Resources Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:AREX Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 104.51 -29.26 20.00
2018-12-31 114.04 -19.91 21.34
2018-09-30 120.08 25.04 24.04
2018-06-30 113.12 20.79 24.92
2018-03-31 107.77 20.96 27.49
2017-12-31 105.35 -112.36 27.89
2017-09-30 103.44 -171.65 29.80
2017-06-30 101.58 -172.21 30.21
2017-03-31 99.04 -179.35 29.01
2016-12-31 90.30 -52.24 28.66
2016-09-30 89.29 -44.53 26.93
2016-06-30 99.48 -184.24 29.29
2016-03-31 115.65 -180.06 30.51
2015-12-31 131.34 -174.10 33.08
2015-09-30 160.91 -141.36 35.82
2015-06-30 195.10 29.88 35.16
2015-03-31 229.90 45.52 35.85
2014-12-31 258.53 56.17 35.94
2014-09-30 262.02 93.51 36.15
2014-06-30 238.10 71.55 34.95
2014-03-31 206.96 75.55 31.37
2013-12-31 181.30 72.26 28.76
2013-09-30 158.05 7.10 30.41
2013-06-30 146.89 4.25 29.85
2013-03-31 134.54 4.32 29.07
2012-12-31 128.89 6.38 29.45
2012-09-30 128.93 -2.06 27.56
2012-06-30 122.43 7.37 26.51

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Approach Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Approach Resources has efficiently used its assets last year compared to the US Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Approach Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Approach Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Approach Resources has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

AREX Health

 How is Approach Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Approach Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Approach Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Approach Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Approach Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Approach Resources Company Filings, last reported 1 month ago.

NasdaqGS:AREX Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 571.89 419.77 15.72
2018-12-31 589.25 384.99 0.02
2018-09-30 587.80 378.73 0.02
2018-06-30 591.21 380.47 0.02
2018-03-31 600.19 374.71 0.02
2017-12-31 607.42 373.46 0.02
2017-09-30 543.13 375.21 0.02
2017-06-30 550.32 370.00 0.18
2017-03-31 558.51 357.79 0.08
2016-12-31 562.95 498.35 0.02
2016-09-30 573.46 500.01 2.71
2016-06-30 581.18 499.68 0.89
2016-03-31 595.85 495.96 0.84
2015-12-31 607.97 496.59 0.60
2015-09-30 611.88 515.59 0.32
2015-06-30 758.96 499.10 0.75
2015-03-31 768.80 460.00 0.29
2014-12-31 774.33 391.31 0.43
2014-09-30 745.09 339.50 1.63
2014-06-30 720.75 296.00 0.44
2014-03-31 715.86 250.00 4.34
2013-12-31 710.50 250.00 58.76
2013-09-30 646.37 250.00 25.49
2013-06-30 644.27 250.00 55.28
2013-03-31 635.21 152.25 0.59
2012-12-31 633.47 106.00 0.77
2012-09-30 624.34 47.60 0.84
2012-06-30 480.33 145.40 0.40
  • Approach Resources's level of debt (73.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (35% vs 73.4% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Approach Resources has sufficient cash runway for more than 3 years based on current free cash flow.
  • Approach Resources has sufficient cash runway for 2 years if free cash flow continues to grow at historical rates of 86.1% each year.
X
Financial health checks
We assess Approach Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Approach Resources has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

AREX Dividends

 What is Approach Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Approach Resources dividends.
If you bought $2,000 of Approach Resources shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Approach Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Approach Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:AREX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 66 Stocks 3.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1997 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:AREX Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Approach Resources has not reported any payouts.
  • Unable to verify if Approach Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Approach Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Approach Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Approach Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Approach Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Approach Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AREX Management

 What is the CEO of Approach Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sergei Krylov
COMPENSATION $1,290,628
AGE 41
TENURE AS CEO 0.1 years
CEO Bio

Mr. Sergei Krylov has been Chief Executive Officer of Approach Resources, Inc. since April 9, 2019 and as its Chief Financial Officer since January 03, 2014. He served as Executive Vice President of Approach Resources, Inc. from January 03, 2014 to April 9, 2019. Mr. Krylov has oil and gas industry finance experience from J.P. Morgan's Energy Investment Banking group. While at J.P. Morgan, he advised clients on strategic planning, mergers and acquisitions and capital market transactions. From 2000 to 2013, Mr. Krylov worked at J.P. Morgan Securities LLC in the Energy Investment Banking group, where he served as Managing Director. Mr. Krylov holds a Bachelor of Business Administration in Finance, summa cum laude, from Pace University.

CEO Compensation
  • Sergei's compensation has been consistent with company performance over the past year.
  • Sergei's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Approach Resources management team in years:

3.3
Average Tenure
41
Average Age
  • The tenure for the Approach Resources management team is about average.
Management Team

Sergei Krylov

TITLE
CEO & CFO
COMPENSATION
$1M
AGE
41
TENURE
0.1 yrs

J. Henderson

TITLE
Chief Administrative Officer
COMPENSATION
$1M
AGE
55
TENURE
5.4 yrs

Ian Shaw

TITLE
Chief Accounting Officer
AGE
34
TENURE
1.2 yrs

Joshua Dazey

TITLE
VP, General Counsel & Corporate Secretary
TENURE
3.3 yrs

Troy Hoefer

TITLE
Senior Vice President of Engineering
TENURE
3.6 yrs
Board of Directors Tenure

Average tenure and age of the Approach Resources board of directors in years:

2.3
Average Tenure
54
Average Age
  • The average tenure for the Approach Resources board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jim Crain

TITLE
Chairman of the Board
COMPENSATION
$167K
AGE
69
TENURE
0.1 yrs

Alan Bell

TITLE
Independent Director
COMPENSATION
$166K
AGE
72
TENURE
8.8 yrs

Vean Gregg

TITLE
Lead Independent Director
COMPENSATION
$196K
AGE
50
TENURE
4.5 yrs

Matthew Kahn

TITLE
Director
COMPENSATION
$157K
AGE
58
TENURE
2.3 yrs

Matthew Wilks

TITLE
Director
AGE
35
TENURE
2.3 yrs

Morgan Neff

TITLE
Director
AGE
38
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. Dec 18 Sell Ian Shaw Individual 13. Dec 18 13. Dec 18 -20,000 $1.25 $-25,000
X
Management checks
We assess Approach Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Approach Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

AREX News

Simply Wall St News

How Should Investors React To Approach Resources, Inc.'s (NASDAQ:AREX) CEO Pay?

First, this article will compare CEO compensation with compensation at similar sized companies. … Craft's Compensation Compare With Similar Sized Companies. … is worth US$86m, and total annual CEO compensation is US$2.4m.

Simply Wall St -

Is Approach Resources, Inc.'s (NASDAQ:AREX) Balance Sheet A Threat To Its Future?

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Companies operating in the Oil and Gas industry,. … Evaluating financial health as part of your investment thesis is

Simply Wall St -

Do Directors Own Approach Resources, Inc. (NASDAQ:AREX) Shares?

The big shareholder groups in Approach Resources, Inc. … Approach Resources is not a large company by global standards. … Taking a look at the our data on the ownership groups (below), it's seems that.

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How Much Did Approach Resources Inc's (NASDAQ:AREX) CEO Pocket Last Year?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … Craft's Compensation Compare With Similar Sized Companies. … According to our data, Approach Resources Inc has a market capitalization of US$139m, and pays its CEO total annual compensation worth US$2.4m?

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Is Approach Resources Inc's (NASDAQ:AREX) Balance Sheet Strong Enough To Weather A Storm?

While small-cap stocks, such as Approach Resources Inc (NASDAQ:AREX) with its market cap of US$203.63m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

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With An ROE Of 3.49%, Can Approach Resources Inc (NASDAQ:AREX) Catch Up To The Industry?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to begin learning the link between company’s fundamentals and stock market performance. … Knowing these components can change your views on AREX's below-average returns.

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Should You Be Tempted To Buy Approach Resources Inc (NASDAQ:AREX) Because Of Its PE Ratio?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to begin learning the link between Approach Resources Inc (NASDAQ:AREX)’s fundamentals and stock market performance. … While AREX might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions.

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When Should You Buy Approach Resources Inc (NASDAQ:AREX)?

Approach Resources Inc (NASDAQ:AREX), an energy company based in United States, saw a double-digit share price rise of over 10% in the past couple of months on the NasdaqGS. … The stock’s ratio of 0.41x is currently trading slightly below its industry peers’ ratio of 1.43x, which means if you buy Approach Resources today, you’d be paying a relatively fair price for it. … Will you have enough confidence to invest in the company should the price drop below its fair value?

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When Will Approach Resources Inc (NASDAQ:AREX) Become Profitable?

Approach Resources Inc's (NASDAQ:AREX): 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. … View our latest analysis for Approach Resources AREX is bordering on breakeven, according to analysts. … For a more comprehensive look at AREX, take a look at AREX’s company page on Simply Wall St.

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Does Approach Resources Inc's (NASDAQ:AREX) -115.07% Earnings Drop Reflect A Longer Term Trend?

After reading Approach Resources Inc's (NASDAQ:AREX) most recent earnings announcement (31 December 2017), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … View our latest analysis for Approach Resources Was AREX's recent earnings decline indicative of a tough track record? … For the most up-to-date info, I use the ‘latest twelve-month’ data, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data.

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AREX Company Info

Description

Approach Resources, Inc., an independent energy company, focuses on the acquisition, exploration, development, and production of unconventional oil and gas reserves. The company’s properties are primarily located in the Permian Basin in west Texas. It also owns interests in east Texas Basin. As of December 31, 2018, its estimated proved reserves were 180.1 million barrels of oil equivalent located in Crockett and Schleicher counties, Texas. The company also owned and operated 813 producing oil and gas wells in the Permian Basin. Approach Resources, Inc. was incorporated in 2002 and is headquartered in Fort Worth, Texas.

Details
Name: Approach Resources, Inc.
AREX
Exchange: NasdaqGS
Founded: 2002
$25,444,717
90,841,546
Website: http://www.approachresources.com
Address: Approach Resources, Inc.
One Ridgmar Centre,
6500 West Freeway,
Fort Worth,
Texas, 76116,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS AREX Common Stock Nasdaq Global Select US USD 08. Nov 2007
DB 3OX Common Stock Deutsche Boerse AG DE EUR 08. Nov 2007
Number of employees
Current staff
Staff numbers
99
Approach Resources employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/16 02:01
End of day share price update: 2019/05/15 00:00
Last estimates confirmation: 2019/05/14
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.