approach resources

Wunderlich Securities reiterated its Buy rating and price target of $37 on Approach Resources (NASDAQ: AREX). In a research report published today, Wunderlich stressed it still sees Approach Resources as a very attractive investment. In the report, Wunderlich states, "We reiterate our Buy rating...

According to Wunderlich, Approach Resources (NASDAQ: AREX) Buy rating is reiterated. Wunderlich said that the company continues to pursue emerging Permian plays in the Permian Basin aggressively. “The recent pullback presents a great buying opportunity, in our view. While the vertical WolfFork...

Global Hunter Securities is making some estimate adjustments on shares of Approach Resources, Inc. (NASDAQ: AREX). “We are adjusting our estimates slightly to reflect 1Q11 operating results,” Global Hunter Securities writes. “Our new 2011 EPS, CFPS, and EBITDA are $0.75, $2.92, and $90.6MM versus...

According to J.P. Morgan, Approach Resources' (NASDAQ: AREX) model is updated for 10-K data. J.P. Morgan reported that it is updating its NAV and price target based on YE10 proved reserves. “Further, we are adjusting our earnings and cash flow estimates based on marked-to-market 1Q11 commodity...

JP Morgan has published a report for Approach Resources Inc. (NASDAQ: AREX) that includes a raised price target and is as follows: "We are increasing our price target to $14.50/share based on our NAV of $14.40/share. The price target reflects the new mid-year reserve data, AREX's acquisition of an...