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Approach Resources, Inc.
Approach Resources, Inc., an independent energy company, focuses on the acquisition, exploration, development, and production of unconventional oil and gas reserves. The company’s properties are primarily located in the Permian Basin in west Texas. It also owns interests in east Texas Basin. As of December 31, 2018, its estimated proved reserves were 180.1 million barrels of oil equivalent located in Crockett and Schleicher counties, Texas. The company also owned and operated 813 producing oil and gas wells in the Permian Basin. Approach Resources, Inc. was incorporated in 2002 and is headquartered in Fort Worth, Texas.
Market Cap
$726.2K
Volume
522.1K
Cash and Equivalents
$7.0M
EBITDA
$35.9M
Tax Rate Collected
N/A
Tax Rate Ratio
N/A
Gross Profit
$51.2M
Profit Margin
71.33%
52 Week High
$0.10
52 Week Low
$0.00
Dividend
N/A
Price / Book Value
0.00
Price / Earnings
-0.02
Price / Tangible Book Value
0.00
Enterprise Value
N/A
Enterprise Value / EBITDA
N/A
Operating Income
-$18.2M
Return on Equity
8.64%
Return on Assets
-1.06
Cash and Short Term Investments
$7.0M
Debt
$417.3M
Equity
$539.6M
Revenue
$71.8M
Unlevered FCF
$24.9M
Sector
Oil, Gas and Consumable Fuels
Category
N/A
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