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down 22.77 %

APPROACH RES. INC. (AREX) downgraded to Underweight by JP Morgan

Posted on: Friday,  Sep 13, 2013  8:25 AM ET by JP Morgan

JP Morgan rated Underweight APPROACH RES. INC. (NASDAQ: AREX) on 09/13/2013. Previously JP Morgan rated Overweight APPROACH RES. INC. (NASDAQ: AREX) on
09/25/2012., when the stock price was $29.68. Since then, APPROACH RES. INC. has lost 22.78% as of 09/13/2013's recent price of $22.92.
If you would have followed the previous JP Morgan's recommendation on AREX, you would have lost 22.77% of your investment in 353 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.

JPMorgan is a leading financial services firm with one of the largest client franchises in the world. We partner with our clients to offer the most complete and innovative solutions in the industry to help them achieve their goals. For more than 200 years, we have taken a long-term approach to our clients and to the way we conduct business. Our firm has grown considerably in scale and scope, but our commitment to our core principle of doing "only first-class business... in a first-class way" has never been stronger.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/13/2013 8:25 AM Sell
as of 12/13/2013
1 Week down  -0.51 %
1 Month up  18.80 %
3 Months up  13.98 %
1 YTD up  7.26 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/25/2012 8:25 AM Buy
11/5/2009 9:25 AM Hold
12/18/2007 8:25 AM Buy

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