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Approach Resources (AREX) in Focus: Stock Up 5.6% in Session

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Approach Resources, Inc. was a big mover last session, as the company saw its shares rise around 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 123.9% in the past one-month time frame.

The company has seen a mixed track record when it comes to estimate revisions of two increases and two decreases over the past one month, while the Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for this stock. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Approach Resources currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is positive.

A better-ranked stock in the same industry is Matador Resources Company (MTDR - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here .

Is AREX going up? Or down? Predict to see what others think: Up or Down

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