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down 84.97 %

APPROACH RES. INC. (AREX) rated Buy with price target $10 by KeyBanc Capital Mkts

Posted on: Wednesday,  Mar 11, 2009  8:25 AM ET by KeyBanc Capital Mkts

KeyBanc Capital Mkts rated Buy APPROACH RES. INC. (NASDAQ: AREX) on 03/11/2009. Previously KeyBanc Capital Mkts rated Buy APPROACH RES. INC. (NASDAQ: AREX)
on 12/18/2007., when the stock price was $13.64. Since then, APPROACH RES. INC. has lost 84.97% as of 01/22/2016's recent price of $2.05.
If you would have followed the previous KeyBanc Capital Mkts's recommendation on AREX, you would have lost 84.97% of your investment in 2957 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.

KeyBanc Capital Mkts is one of the nation's largest bank-based financial services companies, with assets of approximately $89 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. The company's businesses deliver their products and services through branches and offices.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/11/2009 8:25 AM Buy
4.62 10.00
as of 12/31/2009
1 Week up  209.41 %
1 Month up  252.28 %
3 Months up  171.58 %
1 YTD up  237.34 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/18/2008 8:25 AM Buy
6.52 15.00
8/20/2008 8:25 AM Buy
14.72 25.00
4/2/2008 9:25 AM Buy
15.70 20.00
12/18/2007 8:25 AM Buy
13.64 16.00

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