Check out this: Antero Resources Corp (AR) could be on the verge of a big rally

Antero Resources Corp (NYSE: AR) is -5.20% lower on its value in year-to-date trading and has touched a low of $19.91 and a high of $30.90 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AR stock was last observed hovering at around $21.14 in the last trading session, with the day’s gains setting it 0.36%.

Currently trading at $21.50, the stock is -2.64% and -3.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.11 million and changing 1.70% at the moment leaves the stock -11.30% off its SMA200. AR registered -19.87% loss for a year compared to 6-month loss of -22.61%. The firm has a 50-day simple moving average (SMA 50) of $2.25 and a 200-day simple moving average (SMA200) of $5.59.

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The stock witnessed a -5.49% gain in the last 1 month and extending the period to 3 months gives it a -17.91%, and is 1.80% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.41% over the week and 3.22% over the month.

Current P/E ratio is 7.74 and Fwd P/E is 24.94. Profit margin for the company is 16.75%. Distance from 52-week low is 7.98% and -30.42% from its 52-week high. The company has generated returns on investments over the last 12 months (7.95%).

Antero Resources Corp quarterly earnings per share for the current quarter are estimated at $0.22 with sales reaching $1.16B over the same period.The EPS is expected to shrink by -89.77% this year, but quarterly earnings will post -36.10% year-over-year. Quarterly sales are estimated to shrink -44.20% in year-over-year returns.

Antero Resources Corp (AR) Top Institutional Holders

523 institutions hold shares in Antero Resources Corp (AR), with institutional investors hold 90.20% of the company’s shares. The shares outstanding are 297.36M, and float is at 277.15M with Short Float at 6.00%. Institutions hold 84.33% of the Float.

The top institutional shareholder in the company is FMR, LLC with over 45.02 million shares valued at $1.04 billion. The investor’s holdings represent 14.99% of the AR Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 27.41 million shares valued at $631.18 million to account for 9.12% of the shares outstanding. The other top investors are Blackrock Inc. which holds 24.11 million shares representing 8.03% and valued at over $555.21 million, while State Street Corporation holds 3.66% of the shares totaling 10.98 million with a market value of $252.94 million.

Antero Resources Corp (AR) Insider Activity

A total of 12 insider transactions have happened at Antero Resources Corp (AR) in the last six months, with sales accounting for 5 and purchases happening 7 times. The most recent transaction is an insider sale by Pearce Sheri. SEC filings show that Pearce Sheri sold 3,460 shares of the company’s common stock on Nov 02 at a price of $29.92 per share for a total of $0.1 million. Following the sale, the insider now owns 0.11 million shares.

Antero Resources Corp disclosed in a document filed with the SEC on May 05 that Kennedy Michael N.sold a total of 150,000 shares of the company’s common stock. The trade occurred on May 05 and was made at $21.07 per share for $3.16 million. Following the transaction, the insider now directly holds 0.94 million shares of the AR stock.

Antero Resources Corp (AR): Who are the competitors?

The company’s main competitors (and peers) include Range Resources Corp. (RRC) that is trading 11.79% up over the past 12 months. Coterra Energy Inc. (CTRA) that is -1.60% lower over the same period.