Howard Weil Starts Approach Resources (AREX) at Market Outperform, Sets $45 Price Target

July 18, 2012 10:28 AM EDT
Get Alerts AREX Hot Sheet
Price: $0.08 --0%

Rating Summary:
    4 Buy, 11 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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Howard Weil initiated coverage on Approach Resources (NASDAQ: AREX) with a Market Outperform rating and $45 price target Wednesday morning.

With shares of Approach up 4.9 percent to $28.91 at last check, Howard Weil's new price target implies potential upside of about 56 percent.

For an analyst ratings summary and ratings history on Approach Resources click here. For more ratings news on Approach Resources click here.


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