Thursday, December 28, 2017 10:15 PM ET
Significant Insider purchase Extends the buy Trend of Last 90 Days in Shares of Approach Resources (AREX)
One Approach Resources insider — Wilks Brothers Llc, 10% Owner — today, acquired 350,000 shares having a market value of approximately $1,001,265, as disclosed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 1,810,113 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 2,160,113 shares and have averaged 1,080,057 shares per transaction over this time period.
The number of insider buy/sell trades at Approach Resources is greater than the 193 peer company average over the last 90-day period. The Oil & Gas Exploration and Production peer group saw 163 buy/sell trades during this period for an average of 0.8 transactions per company. The number of shares per buy/sell trade for Approach Resources insiders was also higher. Within the peer group there were 3,298,298 shares purchased and 7,736,355 shares sold with company insiders disposing of 27,227 shares on average.
Insider buying and selling activity that is significant has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in composing and writing this story.
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