, Tracking Stock Market Picks
Enter Symbol:

Mkt Outperform
down 66.11 %

APPROACH RES. INC. (AREX) rated Mkt Outperform with price target $45 by Rodman & Renshaw

Posted on: Monday,  Mar 12, 2012  9:25 AM ET by Rodman & Renshaw

Rodman & Renshaw rated Mkt Outperform APPROACH RES. INC. (NASDAQ: AREX) on 03/12/2012. Previously Rodman & Renshaw rated Mkt Outperform APPROACH RES. INC. (NASDAQ:
AREX) on 04/16/2009., when the stock price was $6.05. Since then, APPROACH RES. INC. has lost 66.12% as of 01/22/2016's recent price of $2.05.
If you would have followed the previous Rodman & Renshaw's recommendation on AREX, you would have lost 66.11% of your investment in 2472 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.

Rodman & Renshaw is a full-service investment bank dedicated to providing investment banking services to companies that have significant recurring capital needs due to their growth and development strategies. We also provide research and sales and trading services to institutional investor clients that focus on such companies. Since 2003, Rodman has been a leading investment banking firm to the biotechnology sector, a capital intensive market segment, as well as a leader in the PIPE (private investment in public equity) and RD (registered direct placements) transaction markets.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/12/2012 9:25 AM Buy
34.75 45.00
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
2/22/2012 9:25 AM Buy
37.03 41.00
8/4/2011 8:25 AM Buy
22.72 30.00
4/16/2009 8:25 AM Buy
6.05 12.00

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