Views of Wall Street’s Leading Experts on Antero Resources Corporation

Antero Resources Corporation (NYSE: AR) stock fell -3.43% on Thursday to $22.54 against a previous-day closing price of $23.34. With 4.66 million shares changed hands, the volume of the stock remained lighter than its average volume of 5.54 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $23.06 whereas the lowest price it dropped to was $22.39. The 52-week range on AR shows that it touched its highest point at $48.80 and its lowest point at $20.06 during that stretch. It currently has a 1-year price target of $31.08. Beta for the stock currently stands at 3.47.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AR was down-trending over the past week, with a drop of -4.93%, but this was up by 3.35% over a month. Three-month performance dropped to -18.07% while six-month performance fell -38.43%. The stock lost -43.72% in the past year, while it has lost -27.27% so far this year. A look at the trailing 12-month EPS for AR yields 7.01 with Next year EPS estimates of 3.32. For the next quarter, that number is 0.06. This implies an EPS growth rate of -71.20% for this year and 121.47% for next year.

Float and Shares Shorts:

At present, 296.76 million AR shares are outstanding with a float of 263.99 million shares on hand for trading. On Apr 27, 2023, short shares totaled 18.43 million, which was 6.14% higher than short shares on Mar 30, 2023. In addition to Mr. Paul M. Rady as the firm’s Co-Founder, Pres, Chairman & CEO, Mr. Michael N. Kennedy serves as its Sr. VP of Fin. & CFO.

Institutional Ownership:

Through their ownership of 83.82% of AR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 49.35% of AR, in contrast to 30.22% held by mutual funds. Shares owned by individuals account for 20.47%. As the largest shareholder in AR with 12.86% of the stake, Fidelity Management & Research Co holds 38,581,326 shares worth 38,581,326. A second-largest stockholder of AR, The Vanguard Group, Inc., holds 27,015,247 shares, controlling over 9.00% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in AR, holding 23,314,215 shares or 7.77% stake. With a 2.87% stake in AR, the iShares Core S&P Mid Cap ETF is the largest stakeholder. A total of 8,616,546 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.75% of AR stock, is the second-largest Mutual Fund holder. It holds 8,244,868 shares valued at 189.55 million. Vanguard Small Cap Index Fund holds 2.32% of the stake in AR, owning 6,952,362 shares worth 159.83 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, AR reported revenue of $2.35B and operating income of $1.35B. The EBITDA in the recently reported quarter was $1.54B and diluted EPS was $2.29.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With AR analysts setting a high price target of $41.00 and a low target of $23.00, the average target price over the next 12 months is $31.40. Based on these targets, AR could surge 81.9% to reach the target high and rise by 2.04% to reach the target low. Reaching the average price target will result in a growth of 39.31% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded AR stock several times over the past three months with 11 Buys and 4 Sells. In these transactions, 374,197 shares were bought while 128,132 shares were sold. The number of buy transactions has increased to 37 while that of sell transactions has risen to 11 over the past year. The total number of shares bought during that period was 689,684 while 377,225 shares were sold.

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