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.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.
Sponsored

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.