The stock has been range bound ($22.50-$27 per share) for the majority of 2013 and it appears to be consolidating around the current share price. There is significant upside to the company based on recent acreage valuations and future development plans and the continual de-risking of acreage, which should accelerate revenue, EPS, and reserves over the next 4 quarters.
Below is a well written article on AREX with some good trading tips at the end.
http://seekingalpha.com/article/1444481 ... urce=yahoo
AREX is in our Small-Cap Growth Portfolio
Approach Resources (AREX)
Approach Resources (AREX)
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group