Approach Resources, Inc. (AREX) saw a big move last session, as the company’s shares fell by over 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for AREX, as the stock is now down about 28% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as this oil & gas producer has seen 5 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

AREX currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.

Some better-ranked stocks in the Oil – US Exploration & Production sector include Black Ridge Oil & Gas, Inc (ANFC), Bonanza Creek Energy, Inc. (BCEI) and Cobalt International Energy, Inc. (CIE). While Cobalt International Energy carries a Zacks Rank #1 (Strong Buy), Black Ridge Oil & Gas and Bonanza Creek Energy hold a Zacks Rank #2 (Buy).

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