Zacks Investment Research upgraded shares of APPROACH RESRCS (AREX) from UNDERPERFORM to NEUTRAL on April 16, 2013, with a target price of $24.00.
Approach Resources Inc. is an independent energy company engaged in the exploration, development, exploitation, production and acquisition of unconventional natural gas and oil properties onshore in the United States and Western Canada. The Company focuses its growth efforts primarily on finding and developing natural gas reserves in known tight gas sands and shale areas. The Company currently operates in Texas, New Mexico and Kentucky and has a non-operating interest in Western Canada.
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