Antero Resources Corp (NYSE: AR) is 14.29% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AR stock was last observed hovering at around $25.70 in the last trading session, with the day’s gains setting it 0.22%.
Currently trading at $25.92, the stock is 11.73% and 13.55% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.76 million and changing 0.86% at the moment leaves the stock 6.14% off its SMA200. AR registered -2.08% loss for a year compared to 6-month loss of -4.64%. The firm has a 50-day simple moving average (SMA 50) of $2.89 and a 200-day simple moving average (SMA200) of $10.07.
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The stock witnessed a 16.03% gain in the last 1 month and extending the period to 3 months gives it a 9.55%, and is 2.82% 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 2.38% over the week and 3.61% over the month.
Antero Resources Corp (AR) has around 604 employees, a market worth around $7.87B and $4.52B in sales. Current P/E ratio is 33.61 and Fwd P/E is 8.99. Profit margin for the company is 5.38%. Distance from 52-week low is 30.17% and -16.12% from its 52-week high. The company has generated returns on investments over the last 12 months (2.22%).
Antero Resources Corp quarterly earnings per share for the current quarter are estimated at $0.07 with sales reaching $1.09B over the same period.The EPS is expected to grow by 7.31% this year, but quarterly earnings will post -5.80% year-over-year. Quarterly sales are estimated to shrink -22.60% in year-over-year returns.
Antero Resources Corp (AR) Top Institutional Holders
505 institutions hold shares in Antero Resources Corp (AR), with institutional investors hold 90.68% of the company’s shares. The shares outstanding are 303.54M, and float is at 280.11M with Short Float at 6.10%. Institutions hold 84.83% 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 15.11% up over the past 12 months. Coterra Energy Inc. (CTRA) that is -1.44% lower over the same period.
