Approach Resources Inc (NASDAQ:AREX) Institutional Investor Positioning Change

Sentiment for Approach Resources Inc (NASDAQ:AREX)

Approach Resources Inc (NASDAQ:AREX) institutional sentiment increased to 0.97 in Q4 2018. Its up 0.14, from 0.83 in 2018Q3. The ratio improved, as 28 hedge funds opened new or increased holdings, while 29 decreased and sold their stakes in Approach Resources Inc. The hedge funds in our partner’s database now possess: 20.95 million shares, up from 18.30 million shares in 2018Q3. Also, the number of hedge funds holding Approach Resources Inc in their top 10 holdings was flat from 1 to 1 for the same number . Sold All: 6 Reduced: 23 Increased: 13 New Position: 15.

Approach Resources, Inc., an independent energy company, focuses on the acquisition, exploration, development, and production of unconventional gas and oil reserves in the United States. The company has market cap of $23.66 million. The companyÂ’s properties are primarily located in the Permian Basin in west Texas. It currently has negative earnings. It also owns interests in east Texas Basin.

The stock decreased 0.34% or $0.0009 during the last trading session, reaching $0.2605. About 125,781 shares traded. Approach Resources, Inc. (NASDAQ:AREX) has declined 67.50% since May 17, 2018 and is downtrending. It has underperformed by 71.87% the S&P500.

New Generation Advisors Llc holds 0.99% of its portfolio in Approach Resources, Inc. for 1.56 million shares. Lubar & Co. Inc owns 1.00 million shares or 0.82% of their US portfolio. Moreover, Kayne Anderson Capital Advisors Lp has 0.06% invested in the company for 4.53 million shares. The Texas-based Bridgeway Capital Management Inc has invested 0.01% in the stock. Guggenheim Capital Llc, a Illinois-based fund reported 952,378 shares.

Since January 1, 0001, it had 0 buys, and 2 insider sales for $42,597 activity.

More notable recent Approach Resources, Inc. (NASDAQ:AREX) news were published by: Nasdaq.com which released: “Crude Oil Prices Likely to Remain Stable in 2019: 5 Top Picks – Nasdaq” on January 07, 2019, also Seekingalpha.com with their article: “Approach Resources: Will More Oil Do The Job? – Seeking Alpha” published on September 27, 2018, Seekingalpha.com published: “More on Approach Resources Q4 results – Seeking Alpha” on March 19, 2019. More interesting news about Approach Resources, Inc. (NASDAQ:AREX) were released by: Nasdaq.com and their article: “Approach Resources (AREX) Reports Q1 Loss, Lags Revenue Estimates – Nasdaq” published on May 09, 2019 as well as Businesswire.com‘s news article titled: “Approach Resources Inc. Reports First Quarter 2019 Results – Business Wire” with publication date: May 09, 2019.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.