AREX Share Price

Open 3.54 Change Price %
High 3.67 1 Day -0.04 -1.14
Low 3.29 1 Week 0.26 8.12
Close 3.46 1 Month 0.57 19.72
Volume 871471 1 Year 1.29 59.45
52 Week High 4.35
52 Week Low 0.00
AREX Important Levels
Resistance 2 3.81
Resistance 1 3.67
Pivot 3.47
Support 1 3.25
Support 2 3.11
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Approach Resources Inc. (NASDAQ: AREX)

AREX Technical Analysis 5
As on 2nd Dec 2016 AREX Share Price closed @ 3.46 and we RECOMMEND Strong Buy for LONG-TERM with Stoploss of 2.19 & Strong Buy for SHORT-TERM with Stoploss of 3.06 we also expect STOCK to react on Following IMPORTANT LEVELS.
AREX Target for December
1st Target up-side 4.1
2nd Target up-side 4.52
3rd Target up-side 4.94
1st Target down-side 2.92
2nd Target down-side 2.5
3rd Target down-side 2.08
AREX Other Details
Segment EQ
Market Capital 982631168.00
Sector Energy Oil & Gas Production
Industry
Offical website
AREX Address
AREX
N/A
Interactive Technical Analysis Chart Approach Resources Inc. ( AREX NASDAQ USA )
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AREX Business Profile
Approach Resources Inc., incorporated on September 12, 2002, is an independent energy company engaged in the exploration, development, production and acquisition of oil and gas properties. The Company focuses on oil and gas reserves in oil shale and tight gas sands in the Midland Basin of the greater Permian Basin in West Texas, where it leases approximately 148,000 net acres. The Company’s drilling targets include the Clearfork, Wolfcamp shale, Canyon Sands, Strawn and Ellenburger zones. It refers to the Clearfork and Wolfcamp zones together as the Wolffork, and its development project in the Permian Basin as Project Pangea, which includes the northwestern portion of Project Pangea that it refers to as Pangea West. As of December 31, 2012, it owned and operated 594 producing oil and gas wells in the Permian Basin, and had an estimated 2,983 identified drilling and recompletion locations, of which 359 were proved. The Company’s proved reserves are located in Crockett and Schleicher Counties, Texas. During the year ended December 31, 2012, production totaled 2.9 million barrels of oil equivalent. Production for 2012, was 34% oil, 31% natural gas liquids (NGLs) and 35% natural gas. The Company operated two horizontal rigs and one vertical rig in 2012, and drilled a total of 46 gross (45.8 net) wells. The Company recompleted 19 gross (19 net) wells in the Wolffork in 2012. The Company’s properties in the Permian Basin are located in Crockett and Schleicher Counties, Texas. As of December 31, 2012, the Company owned interests in approximately 594 gross (583.2 net) wells, all of which it operates. As of December 31, 2012, the Company had working and net revenue interests of approximately 100% and 76%, across Project Pangea and Pangea West. The Wolfcamp shale is located in the oil-to-wet gas window across its Permian acreage position and is naturally fractured due to its proximity to the Ouachita-Marathon thrust belt and mineralogy, specifically the carbonate and quartz minerals. It also has identified 170 proved drilling locations targeting the Canyon Sands and deeper zones. As of December 31, 2012, its estimated proved reserves were 95.5 million barrels of oil equivalent the Permian Basin, made up of 39% oil, 31% NGLs and 30% natural gas.