Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Approach Resources

DB:3OX
Snowflake Description

Overvalued with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3OX
DB
$454K
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Approach Resources, Inc., an independent energy company, focuses on the acquisition, exploration, development, and production of unconventional oil and gas reserves. The last earnings update was 134 days ago. More info.


Add to Portfolio Compare Print
  • Approach Resources has significant price volatility in the past 3 months.
3OX Share Price and Events
7 Day Returns
0%
DB:3OX
16.2%
DE Oil and Gas
9.9%
DE Market
1 Year Returns
-97%
DB:3OX
23.3%
DE Oil and Gas
-17.5%
DE Market
3OX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Approach Resources (3OX) 0% -28.6% 0% -97% -99.6% -99.9%
DE Oil and Gas 16.2% -14.4% -27.4% 23.3% -22.4% 141.6%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • 3OX underperformed the Oil and Gas industry which returned 23.3% over the past year.
  • 3OX underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
3OX
Industry
5yr Volatility vs Market

Value

 Is Approach Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Approach Resources. This is due to cash flow or dividend data being unavailable. The share price is €0.01.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Approach Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Approach Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:3OX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $-0.52
OTCPK:AREX.Q Share Price ** OTCPK (2020-03-10) in USD $0
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Approach Resources.

DB:3OX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:AREX.Q Share Price ÷ EPS (both in USD)

= 0 ÷ -0.52

-0.01x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Approach Resources is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • Approach Resources is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Approach Resources's expected growth come at a high price?
Raw Data
DB:3OX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.13x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Approach Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Approach Resources's assets?
Raw Data
DB:3OX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $5.94
OTCPK:AREX.Q Share Price * OTCPK (2020-03-10) in USD $0
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.93x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:3OX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:AREX.Q Share Price ÷ Book Value per Share (both in USD)

= 0 ÷ 5.94

0x

* Primary Listing of Approach Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Approach Resources is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Approach Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Approach Resources has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Approach Resources expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Approach Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.1%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Approach Resources expected to grow at an attractive rate?
  • Unable to compare Approach Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Approach Resources's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Approach Resources's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:3OX Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:3OX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:3OX Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:3OX Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 72 -4 -49
2019-06-30 89 13 -34
2019-03-31 105 28 -29
2018-12-31 114 35 -20
2018-09-30 120 37 25
2018-06-30 113 35 21
2018-03-31 108 37 21
2017-12-31 105 37 -112
2017-09-30 103 36 -172
2017-06-30 102 34 -172
2017-03-31 99 26 -179
2016-12-31 90 26 -52

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Approach Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Approach Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:3OX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Approach Resources Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3OX Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:3OX Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 -0.52
2019-06-30 -0.36
2019-03-31 -0.31
2018-12-31 -0.21
2018-09-30 0.27
2018-06-30 0.23
2018-03-31 0.23
2017-12-31 -1.35
2017-09-30 -2.41
2017-06-30 -2.87
2017-03-31 -3.67
2016-12-31 -1.26

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Approach Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of 3OX’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Approach Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. Approach Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Approach Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Approach Resources has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Approach Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Approach Resources's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Approach Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Approach Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Approach Resources's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Approach Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Approach Resources Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3OX Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 71.75 -48.71 22.84
2019-06-30 88.90 -33.79 21.11
2019-03-31 104.51 -29.26 20.00
2018-12-31 114.04 -19.91 21.34
2018-09-30 120.08 25.04 24.04
2018-06-30 113.12 20.79 24.92
2018-03-31 107.77 20.96 27.49
2017-12-31 105.35 -112.36 27.89
2017-09-30 103.44 -171.65 29.80
2017-06-30 101.58 -172.21 30.21
2017-03-31 99.04 -179.35 29.01
2016-12-31 90.30 -52.24 28.66
2016-09-30 89.29 -44.53 26.93
2016-06-30 99.48 -184.24 29.29
2016-03-31 115.65 -180.06 30.51
2015-12-31 131.34 -174.10 33.08
2015-09-30 160.91 -141.36 35.82
2015-06-30 195.10 29.88 35.16
2015-03-31 229.90 45.52 35.85
2014-12-31 258.53 56.17 35.94
2014-09-30 262.02 93.51 36.15
2014-06-30 238.10 71.55 34.95
2014-03-31 206.96 75.55 31.37
2013-12-31 181.30 72.26 28.76
2013-09-30 158.05 7.10 30.41
2013-06-30 146.89 4.25 29.85

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Approach Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Approach Resources has efficiently used its assets last year compared to the Europe Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Approach Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Approach Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Approach Resources has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Approach Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Approach Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Approach Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Approach Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Approach Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Approach Resources Company Filings, last reported 6 months ago.

DB:3OX Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 539.65 406.28 7.01
2019-06-30 558.57 406.02 7.20
2019-03-31 571.89 405.76 15.72
2018-12-31 589.25 384.99 0.02
2018-09-30 587.80 378.73 0.02
2018-06-30 591.21 380.47 0.02
2018-03-31 600.19 374.71 0.02
2017-12-31 607.42 373.46 0.02
2017-09-30 543.13 375.21 0.02
2017-06-30 550.32 370.00 0.18
2017-03-31 558.51 357.79 0.08
2016-12-31 562.95 498.35 0.02
2016-09-30 573.46 500.01 2.71
2016-06-30 581.18 499.68 0.89
2016-03-31 595.85 495.96 0.84
2015-12-31 607.97 496.59 0.60
2015-09-30 611.88 515.59 0.32
2015-06-30 758.96 499.10 0.75
2015-03-31 768.80 460.00 0.29
2014-12-31 774.33 391.31 0.43
2014-09-30 745.09 339.50 1.63
2014-06-30 720.75 296.00 0.44
2014-03-31 715.86 250.00 4.34
2013-12-31 710.50 250.00 58.76
2013-09-30 646.37 250.00 25.49
2013-06-30 644.27 250.00 55.28
  • Approach Resources's level of debt (75.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (45.6% vs 75.3% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Approach Resources has sufficient cash runway for 1.1 years based on current free cash flow.
  • Approach Resources has less than a year of cash runway if free cash flow continues to reduce at historical rates of -53.6% each year.
X
Financial health checks
We assess Approach Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Approach Resources has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Approach Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Approach Resources dividends.
If you bought €2,000 of Approach Resources shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Approach Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Approach Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:3OX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:3OX Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Approach Resources has not reported any payouts.
  • Unable to verify if Approach Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Approach Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Approach Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Approach Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Approach Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Approach Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Approach Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sergei Krylov
COMPENSATION $1,290,628
AGE 42
TENURE AS CEO 0.8 years
CEO Bio

Mr. Sergei Krylov has been Chief Executive Officer of Approach Resources, Inc. since April 8, 2019 and served as its Chief Financial Officer since January 03, 2014 until September 26, 2019 and also serves as its President since September 26, 2019. He served as Executive Vice President of Approach Resources, Inc. from January 03, 2014 to April 8, 2019. Mr. Krylov has oil and gas industry finance experience from J.P. Morgan's Energy Investment Banking group. While at J.P. Morgan, he advised clients on strategic planning, mergers and acquisitions and capital market transactions. From 2000 to 2013, Mr. Krylov worked at J.P. Morgan Securities LLC in the Energy Investment Banking group, where he served as Managing Director. Mr. Krylov holds a Bachelor of Business Administration in Finance, summa cum laude, from Pace University.

CEO Compensation
  • Sergei's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Sergei's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Approach Resources management team in years:

0.4
Average Tenure
40.5
Average Age
  • The average tenure for the Approach Resources management team is less than 2 years, this suggests a new team.
Management Team

Sergei Krylov

TITLE
CEO & President
COMPENSATION
$1M
AGE
42
TENURE
0.8 yrs

Ian Shaw

TITLE
Executive Vice President of Finance & Accounting
AGE
36
TENURE
0.4 yrs

Troy Hoefer

TITLE
Executive Vice President of Operations
AGE
54
TENURE
0.4 yrs

Josh Dazey

TITLE
Executive Vice President of Legal & Secretary
AGE
39
TENURE
4.2 yrs

Ted Oldham

TITLE
Chief Operations Geologist
TENURE
0.4 yrs
Board of Directors Tenure

Average tenure and age of the Approach Resources board of directors in years:

4.2
Average Tenure
64.5
Average Age
  • The tenure for the Approach Resources board of directors is about average.
Board of Directors

Jim Crain

TITLE
Independent Chairman of the Board
COMPENSATION
$167K
AGE
70
TENURE
0.8 yrs

Alan Bell

TITLE
Independent Director
COMPENSATION
$166K
AGE
73
TENURE
9.6 yrs

Vean Gregg

TITLE
Lead Independent Director
COMPENSATION
$196K
AGE
51
TENURE
5.3 yrs

Matthew Kahn

TITLE
Independent Director
COMPENSATION
$157K
AGE
59
TENURE
3.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Approach Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Approach Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Approach Resources, Inc., an independent energy company, focuses on the acquisition, exploration, development, and production of unconventional oil and gas reserves. The company’s properties are primarily located in the Permian Basin in west Texas. It also owns interests in east Texas Basin. As of December 31, 2018, its estimated proved reserves were 180.1 million barrels of oil equivalent located in Crockett and Schleicher counties, Texas. The company also owned and operated 813 producing oil and gas wells in the Permian Basin. Approach Resources, Inc. was incorporated in 2002 and is headquartered in Fort Worth, Texas. On November 18, 2019, Approach Resources, Inc. filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas. It is in joint administration with Approach Midstream Holdings LLC.

Details
Name: Approach Resources, Inc.
3OX
Exchange: DB
Founded: 2002
$413,024
90,774,718
Website: http://www.approachresources.com
Address: Approach Resources, Inc.
One Ridgmar Centre,
6500 West Freeway,
Fort Worth,
Texas, 76116,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK AREX.Q Common Stock Pink Sheets LLC US USD 08. Nov 2007
DB 3OX Common Stock Deutsche Boerse AG DE EUR 08. Nov 2007
Number of employees
Current staff
Staff numbers
99
Approach Resources employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 21:55
End of day share price update: 2020/03/10 00:00
Last estimates confirmation: 2019/03/18
Last earnings filing: 2019/11/18
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.