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Approach Resources (AREX) Catches Eye: Stock Jumps 5.2%

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Approach Resources, Inc. was a big mover last session, as the company saw its shares rise almost 5% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $1.43 to $2.48 in the past one-month time frame.

In the last 30 days, the company has seen three upward and one downward estimate revisions and the Zacks Consensus Estimate also moved higher, suggesting that more solid trading could be ahead for Approach Resources. 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 holds a Zacks Rank #3 (Hold).

A better-ranked U.S. Oil Exploration and Production stock is Devon Energy Corporation (DVN - Free Report) , which sports a Zacks Rank #1 (Strong Buy).

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

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Devon Energy Corporation (DVN) - free report >>

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