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Enter Symbol:

down 94.58 %

APPROACH RES. INC. (AREX) rated Outperform with price target $44 by Oppenheimer

Posted on: Wednesday,  Apr 4, 2012  8:25 AM ET by Oppenheimer

Oppenheimer rated Outperform APPROACH RES. INC. (NASDAQ: AREX) on 04/04/2012, when the stock price was $37.83. Since
then, APPROACH RES. INC. has lost 94.58% as of 01/22/2016's recent price of $2.05.
If you would have followed this Oppenheimer's recommendation on AREX, you would have lost 94.58% of your investment in 1388 days.

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.

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/4/2012 8:25 AM Buy
37.83 44.00
as of 12/31/2012
1 Week up  1.83 %
1 Month up  6.47 %
3 Months down  -16.96 %
1 YTD down  -33.88 %

(*) Stock Price at the time of the recommendation.
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