Past year: ▼ 38%(0.47c – 5.15c USD)
Each one in plain English, with the numbers worked through for a shareholder.
22 July 2019material agreement▼ BadMajor
Approach signed a second amendment to its forbearance agreement, extending the lenders' agreement not to enforce remedies to the earlier of Aug 21, 2019 or a termination event. The covered defaults now also include the June 30, 2019 EBITDAX-to-interest and leverage tests and a current-ratio test as of June 30, 2019, so the problems are widening, not resolving.
16 July 2019material agreement▲ Good
Approach's subsidiaries amended their gas purchase contract with DCP Operating Company (formerly DCP Midstream), effective May 1, 2019. The amendment raises pay for residue gas and NGLs, lets Approach choose between fixed ethane recovery and rejection, allows it to take residue gas in kind at certain points, and requires arbitration for disputes. This follows the 2011 contract and its Aug 2014 extension.
2 July 2019agm notice● Neutral
Approach Resources Inc shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
24 June 2019material agreement▼ BadMajor
Approach extended its forbearance agreement with its credit-agreement lenders (JPMorgan as agent) to the earlier of July 22, 2019 or a termination event. The lenders agreed not to enforce remedies for missed Mar 31, 2019 covenants (EBITDAX-to-interest ratio and total leverage ratio) under the May 9, 2019 forbearance. This is a short extension, and the covenant problems remain unresolved.
4 June 2019director interest notice● Neutral
Approach Resources Inc VP, General Counsel Joshua E. Dazey had 2,023 shares withheld for taxes on vesting stock.
21 May 2019agm notice● Neutral
Approach Resources Inc announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
10 May 2019quarterly activities report▼ Bad
Approach Resources Inc reported quarterly revenue of $14.7 million and a net loss of $13.6 million for the period ended 2019-06-30.
10 May 2019quarterly activities report▼ Bad
Approach Resources Inc reported quarterly revenue of $14.7 million and a net loss of $13.6 million for the period ended 2019-06-30.
3 May 2019listing compliance notice▼ BadMajor
On May 2, 2019 Nasdaq notified Approach that its stock had closed below $1.00 for 30 straight business days. The company has until Oct 29, 2019 to regain compliance (possibly another 180 days via the Nasdaq Capital Market) and says it will evaluate options including a reverse stock split. There is no immediate effect on trading, but delisting is possible if it is not cured.
16 Apr 2019director interest notice● Neutral
Approach Resources Inc Chief Administrative Officer J Curtis Henderson disposed of 219,985 shares via option/appreciation-right settlement.
15 Apr 2019director interest notice● Neutral
Troy A. Hoefer became a Approach Resources Inc Sr. Vice President-Engineering and company insider (initial ownership filing).
15 Apr 2019director interest notice● Neutral
Joshua E. Dazey became a Approach Resources Inc VP, General Counsel and company insider (initial ownership filing).
18 Mar 2019quarterly activities report▼ Bad
Approach Resources Inc reported quarterly revenue of $19.2 million and a net loss of $16.8 million for the period ended 2019-03-31.
25 Jan 2019director interest notice● Neutral
Approach Resources Inc Chief Administrative Officer J Curtis Henderson disposed of 58,641 shares via option/appreciation-right settlement.
25 Jan 2019director interest notice● Neutral
Approach Resources Inc CEO J. Ross Craft disposed of 130,724 shares via option/appreciation-right settlement.
25 Jan 2019director interest notice● Neutral
Approach Resources Inc President & COO Qingming Yang disposed of 79,475 shares via option/appreciation-right settlement.
25 Jan 2019director interest notice● Neutral
Approach Resources Inc EVP & Chief Financial Officer Sergei Krylov disposed of 76,388 shares via option/appreciation-right settlement.
2 Jan 2019director interest notice● Neutral
Approach Resources Inc director James C Crain received 15,625 shares as part of the equity award.
2 Jan 2019director interest notice● Neutral
Approach Resources Inc Chief Administrative Officer J Curtis Henderson had 23,349 shares withheld for taxes on vesting stock.
2 Jan 2019director interest notice● Neutral
Approach Resources Inc CEO J. Ross Craft had 49,022 shares withheld for taxes on vesting stock.
2 Jan 2019director interest notice● Neutral
Approach Resources Inc EVP & Chief Financial Officer Sergei Krylov disposed of 46,056 shares via option/appreciation-right settlement.
2 Jan 2019director interest notice● Neutral
Approach Resources Inc President & COO Qingming Yang had 28,397 shares withheld for taxes on vesting stock.
2 Jan 2019director interest notice● Neutral
Approach Resources Inc director Matthew Kahn received 12,019 shares as part of the equity award.
21 Dec 2018director interest notice● Neutral
Approach Resources Inc Chief Administrative Officer J Curtis Henderson sold 8,024 shares at $0.91.
14 Dec 2018director interest notice● Neutral
Approach Resources Inc Chief Accounting Officer Ian M. Shaw sold 20,000 shares at $1.25.
10 Dec 2018director interest notice● Neutral
Approach Resources Inc Chief Accounting Officer Ian M. Shaw had 1,761 shares withheld for taxes on vesting stock.
8 Nov 2018quarterly activities report▼ Bad
Approach Resources Inc reported quarterly revenue of $32.6 million and a net loss of $4.3 million for the period ended 2018-09-30.
8 Nov 2018quarterly activities report▼ Bad
Approach Resources Inc reported quarterly revenue of $32.6 million and a net loss of $4.3 million for the period ended 2018-09-30.
2 Oct 2018director interest notice● Neutral
Approach Resources Inc director Matthew Kahn received 5,813 shares as part of the equity award.
2 Oct 2018director interest notice● Neutral
Approach Resources Inc director James C Crain received 7,558 shares as part of the equity award.
