Sterne Agee Downgrades Approach Resources To Underperform

Analysts at Sterne Agee downgraded Approach Resources AREX from Neutral to Underperform. The price target for Approach Resources is set to $4. Approach Resources shares have dropped 68.67% over the past 52 weeks, while the S&P 500 index has gained 14.12% in the same period. Approach Resources' shares fell 0.66% to $6.03 in pre-market trading.