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Stock Market & Financial Investment News

News Breaks
March 25, 2013
07:47 EDTAREXApproach Resources valuation looks attractive after incident, says Wells Fargo
After Approach announced that it had curtailed production of 6.1 Mboe/d since the second week of March due to an electrical storm, Wells Fargo thinks the incident has minimal impact on the company's valuation. The firm recommends buying the shares on weakness, all else being equal. It maintains an Outperform rating on the stock.
News For AREX From The Last 14 Days
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January 20, 2015
08:35 EDTAREXApproach Resources downgraded to Reduce from Neutral at SunTrust
SunTrust downgraded Approach Resources to Reduce to reflect a lower commodity price deck, poor productivity, and reduced capital spending that will decrease production and cash flow. Price target lowered to $3 from $7.
07:31 EDTAREXApproach Resources downgraded to Accumulate from Buy at KLR Group
Price target $7.
January 12, 2015
10:00 EDTAREXOn The Fly: Analyst Downgrade Summary
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08:53 EDTAREXApproach Resources downgraded to Underweight from Equal Weight at Stephens
Stephens downgraded Approach Resources to Underweight and lowered its price target on the stock to $3.50 from $14 citing the drop in oil and gas prices.

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