The company’s mean estimate for sales for the current quarter ending Jun-16 is 21.70 million by 13 analysts. The means estimate of sales for the year ending Dec-16 is 87.65 million by 12 analysts.
The mean price target for the shares of Approach Resources Inc. (NASDAQ:AREX) is at 2.41 while the highest price target suggested by the analysts is 3.00 and low price target is 1.50. The mean price target is calculated keeping in view the consensus of 8 brokerage firms.
The average estimate of EPS for the current fiscal quarter for Approach Resources Inc. (NASDAQ:AREX) stands at -0.29 while the EPS for the current year is fixed at -1.13 by 14 analysts.
The next one year’s EPS estimate is set at -0.84 by 14 analysts while a year ago the analysts suggested the company’s EPS at -1.13. The analysts also projected the company’s long-term growth at 5.00% for the upcoming five years.
In its latest quarter ended on 31st March 2016, Approach Resources Inc. (NASDAQ:AREX) reported earnings of -$0.32. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
On June 7, 2016 Approach Resources Inc. (AREX) will host The Oil & Gas Conference® 21 on August 14-18, 2016, in Denver at the Westin Denver Downtown. Investment and oil and gas professionals can register for the event through the conference website.
Conference Details: The Oil & Gas Conference® 21 offers investment professionals the opportunity to listen to senior management teams present operational and financial strategies. The event provides industry professionals a venue to learn about important energy topics effecting the global oil and gas industry. And, the forum fosters healthy dialogue and informal networking opportunities for attendees.
Public and Private Company Speakers: The 2016 edition of EnerCom’s The Oil & Gas Conference® will feature public and private oil and gas companies with operations spanning more than 40 countries and six continents. A work-in-progress list of the 2016 presenting companies can be found on the conference website.
Additional Speakers: Global economists, market strategists, government officials and engineering experts will provide their insights on topics such as the Chinese and Russian economies, the next stage in shale technologies, and in-depth analysis of commodity prices.
Who Attends the Conference: More than 2,000 institutional and hedge fund investors, energy research analysts, retail brokers, trust officers, high net worth investors, investment bankers and energy industry professionals gather in Denver for the conference.
One-on-One Meetings: EnerCom works in advance with presenting company management teams to arrange one-on-one meetings with the attending institutional investors and research analysts at the conference venue. In 2015, EnerCom managed more than 3,000 one-on-one meeting requests.
History and Sponsors: EnerCom, Inc. founded The Oil & Gas Conference® in 1996. It is the oldest and largest energy investment conference in Denver. Global sponsors of EnerCom’s Conferences are Credit Agricole Corporate & Investment Bank; Netherland, Sewell & Associates; Preng & Associates; Hein & Associates LLP; and PLS. Sponsors of The Oil & Gas Conference® 21 are: GMP Securities; Wells Fargo & Co.; CIBC; Stephens Inc.; Repsol; Haynes and Boone; Wunderlich Securities; Fifth Third Bank; DNB Bank ASA; Bank of America Merrill Lynch; Mutual of Omaha Bank; Petrie Partners; PNC Bank; Scotia Howard Weil; and Royal Dutch Shell plc.
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