Friday, January 05, 2018 10:15 PM ET
Insider purchase at Approach Resources (AREX) prolongs buy activity of Last 90 Days
One Approach Resources insider — Wilks Brothers Llc, 10% Owner — today, purchased 350,000 shares having a market value of approximately $1,114,605, as revealed 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 2,310,113 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 2,660,113 shares and have averaged 1,330,057 shares per transaction over this time period.
The number of insider buy/sell trades at Approach Resources is higher than the 194 peer company average over the last 90-day period. The Oil & Gas Exploration and Production peer group saw 167 buy/sell trades during this period for an average of 0.9 transactions per company. The number of shares per buy/sell trade for Approach Resources insiders was also higher. Within the peer group there were 3,891,282 shares purchased and 7,764,069 shares sold with company insiders having sold 23,190 shares on average.
In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to create and write this story.
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