Approach Resources (AREX) Reports Q4 Loss of $0.07/Share
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Imperial Capital Downgrades Approach Resources (AREX) to Underperform
March 20, 2019 3:31 AM EDTImperial Capital analyst Irene Haas downgraded Approach Resources (NASDAQ: AREX) from In-Line to Underperform with a price target of $0.40 (from $3.50).
The analyst comments "At YE18, AREXs leverage ratio was 6.6x, above the 5.0x level required by the bank group. If AREX... More
