Vean Gregg - Approach Resources Independent Director
Director
Mr. Vean J. Gregg, III, is an Lead Independent Director of the Company. Mr. Gregg was appointed Lead Independent Director. From January 1996 to January 2014, Mr. Gregg was in oil and gas investment banking with J.P. Morgan Securities LLC, most recently as Managing Director and Group Head, North American Oil and Gas Investment Banking. In this capacity, Mr. Gregg managed oil and gas investment banking in North America and was part of the global leadership team responsible for steering business strategy and personnel in Asia, Australia, Europe and Latin America. Mr. Gregg also has prior international work experience in strategic planning with Bellezza Club International, a manufacturing and merchandise trading company in Tokyo, Japan since 2014.
| Age | 49 |
| Tenure | 10 years |
| Phone | 817 989-9000 |
| Web | www.approachresources.com |
Approach Resources Management Efficiency
The company has return on total asset (ROA) of (0.0226) % which means that it has lost $0.0226 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.0413) %, meaning that it created substantial loss on money invested by shareholders. Approach Resources' management efficiency ratios could be used to measure how well Approach Resources manages its routine affairs as well as how well it operates its assets and liabilities.The company currently holds 417.29 M in liabilities with Debt to Equity (D/E) ratio of 77.3, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Approach Resources has a current ratio of 0.04, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Approach Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Approach Resources' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Approach Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Approach to invest in growth at high rates of return. When we think about Approach Resources' use of debt, we should always consider it together with cash and equity.
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Management Performance
| Return On Equity | -0.0413 | |||
| Return On Asset | -0.0226 |
Approach Resources Leadership Team
Elected by the shareholders, the Approach Resources' board of directors comprises two types of representatives: Approach Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Approach. The board's role is to monitor Approach Resources' management team and ensure that shareholders' interests are well served. Approach Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Approach Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sergei Krylov, CFO and Executive VP | ||
| Qingming Yang, COO | ||
| Ian Shaw, Principal Accounting Officer | ||
| Troy Hoefer, Senior Vice President - Engineering | ||
| Matthew Wilks, Independent Director | ||
| Suzanne Ogle, IR Contact Officer | ||
| James Crain, Independent Director | ||
| Matthew Kahn, Independent Director | ||
| Megan Hays, Director - Investor Relations & Corporate Communications | ||
| Vean Gregg, Independent Director | ||
| James Brandi, Independent Director | ||
| Alan Bell, Independent Director | ||
| Sheldon Lubar, Independent Director | ||
| Christopher Whyte, Independent Director | ||
| Curtis Henderson, Chief Admin. Officer and Corporate Secretary | ||
| Bryan Lawrence, Independent Chairman of the Board | ||
| Ross Craft, Chairman of the Board and Presidentident, CEO | ||
| Morgan Neff, Independent Director |
Approach Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Approach Resources a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -0.0413 | |||
| Return On Asset | -0.0226 | |||
| Profit Margin | (20.61) % | |||
| Operating Margin | (25.43) % | |||
| Current Valuation | 411.46 M | |||
| Shares Outstanding | 93.63 M | |||
| Shares Owned By Insiders | 4.74 % | |||
| Shares Owned By Institutions | 70.44 % | |||
| Number Of Shares Shorted | 3 M | |||
| Price To Earning | 4.02 X |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Approach Resources in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Approach Resources' short interest history, or implied volatility extrapolated from Approach Resources options trading.
Pair Trading with Approach Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Approach Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Approach Resources will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Microsoft could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microsoft when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Microsoft - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Microsoft to buy it.
The correlation of Microsoft is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Microsoft moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microsoft moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Microsoft can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Approach Resources information on this page should be used as a complementary analysis to other Approach Resources' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Other Consideration for investing in Approach Stock
If you are still planning to invest in Approach Resources check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Approach Resources' history and understand the potential risks before investing.
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