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down 76.24 %

APPROACH RES. INC. (AREX) rated Buy with price target $32 by Canaccord Genuity

Posted on: Tuesday,  Dec 11, 2012  9:25 AM ET by Canaccord Genuity

Canaccord Genuity rated Buy APPROACH RES. INC. (NASDAQ: AREX) on 12/11/2012. Previously Canaccord Genuity rated Buy APPROACH RES. INC. (NASDAQ: AREX) on
08/05/2010., when the stock price was $8.63. Since then, APPROACH RES. INC. has lost 76.25% as of 01/22/2016's recent price of $2.05.
If you would have followed the previous Canaccord Genuity's recommendation on AREX, you would have lost 76.24% of your investment in 1996 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.

Canaccord Genuity’s global team of over 100 research professionals are inquisitive, experienced and committed to generating actionable investment ideas. We analyze over 725 companies in a broad range of market sectors, identifying value and defining risk for our clients.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/11/2012 9:25 AM Buy
24.88 32.00
as of 12/31/2012
1 Week up  1.83 %
1 Month up  6.47 %
3 Months down  -16.96 %
1 YTD down  -14.96 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/5/2010 11:25 AM Buy
8.63 26.00

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