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Enter Symbol:

down 90.84 %

APPROACH RES. INC. (AREX) rated Buy with price target $29 by Canaccord Adams

Posted on: Thursday,  Aug 7, 2008  11:25 AM ET by Canaccord Adams

Canaccord Adams rated Buy APPROACH RES. INC. (NASDAQ: AREX) on 08/07/2008. Previously Canaccord Adams rated Buy APPROACH RES. INC. (NASDAQ: AREX) on
05/30/2008., when the stock price was $22.40. Since then, APPROACH RES. INC. has lost 90.85% as of 01/22/2016's recent price of $2.05.
If you would have followed the previous Canaccord Adams's recommendation on AREX, you would have lost 90.84% of your investment in 2793 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 Adams provides focused, actionable, idea-driven research, helping clients make informed investment decisions. Our 55 international analysts scour the globe for emerging and small to mid cap (US$1-2 billion market capitalization) growth opportunities, identifying value and exposing risk. Our research team analyzes over 550 companies in eight sectors, clarifying current events and anticipating market trends in high-quality daily, weekly and monthly research products. Our clients benefit from our thorough and sophisticated knowledge of the sectors we cover - Metals and Mining, Energy, Technology, Life Sciences, Real Estate, Consumer, Sustainability and Industrial Growth. We combine independent, actionable ideas, unique global perspective and unparalleled industry expertise. We believe it's evident in our research, and the foundation of our business.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/7/2008 11:25 AM Buy
16.30 29.00
as of 12/24/2008
1 Week up  8.84 %
1 Month up  9.00 %
3 Months up  0.56 %
1 YTD down  -2.32 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/3/2008 11:25 AM Buy
26.22 30.00
5/30/2008 8:25 AM Buy
22.40 27.00

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