Approach Resources (AREX): An Off-the-Radar Potential Winner
It commonly happens in stock investing that investors miss the chance of buying winning stocks that they knew would stand out. Before they take the plunge, others get to know the hidden potential and enter into these stocks, pushing them out of reach.
So, instead of repenting, spotting the off-the-radar potential winners and immediately investing in them could be a smart decision.
One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Approach Resources, Inc. AREX.This Oil and Gas Exploration and Production stock has actually seen estimates rise over the past month for the current fiscal year by about 14.9%. But that is not yet reflected in its price, as the stock lost 18.6% over the same time frame.
Approach Resources Inc. Price and Consensus
Approach Resources Inc. Price and Consensus | Approach Resources Inc. Quote
You should not be concerned about the price remaining muted going forward. This year’s expected earnings growth over the prior year is 63.5%, which should ultimately translate into price appreciation.
And if this isn’t enough, AREX currently carries a Zacks Rank #2 (Buy) which further underscores the potential for its outperformance (See the performance of Zacks' portfolios and strategies here: About Zacks Performance).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
So if you are looking for a stock flying under-the-radar that is well-equipped to bounce down the road, make sure to consider Approach Resources. Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for AREX and that now might be an interesting buying opportunity.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?
Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Approach Resources Inc. (AREX): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
