Approach Resources, Inc. AREX was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company – as the shares are now up 28.8%
The company has seen two three positive estimate revisions in the past two months. Its Zacks Consensus Estimate for the current quarter has also moved higher over the same time frame, suggesting that more solid trading could be ahead for the company. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Approach Resources currently has a Zacks Rank #3 (Hold)) while its Earnings ESP is positive.
Approach Resources Inc. Price and Consensus
A better ranked stock worth considering in the Oil and Gas – Exploration and Production – United States industry is Northern Oil and Gas, Inc.NOG which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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