Antero Resources Corp (NYSE: AR) stock fell -1.56% on Monday to $25.22 against a previous-day closing price of $25.62. With 5.01 million shares changed hands, the volume of the stock remained heavier than its average volume of 4.52 million shares. The 52-week range on AR shows that it touched its highest point at $38.70 and its lowest point at $19.91 during that stretch. It currently has a 1-year price target of $33.28. Beta for the stock currently stands at 3.34.
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 -4.18%, but this was down by -9.83% over a month. Three-month performance dropped to -6.38% while six-month performance rose 5.97%. The stock lost -28.56% in the past year, while it has lost -18.62% so far this year. A look at the trailing 12-month EPS for AR yields 2.78 with Next year EPS estimates of 2.54. For the next quarter, that number is 0.47. This implies an EPS growth rate of -85.26% for this year and 230.23% for next year.
Float and Shares Shorts:
At present, 297.36 million AR shares are outstanding with a float of 277.29 million shares on hand for trading. On Oct 30, 2023, short shares totaled 19.73 million, which was 6.57% higher than short shares on Sep 28, 2023. In addition to Mr. Paul M. Rady as the firm’s Co-Founder, President, Chairman & CEO, Mr. Michael N. Kennedy serves as its Senior VP of Finance & CFO.
Through their ownership of 81.22% of AR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 45.44% of AR, in contrast to 35.54% held by mutual funds. Shares owned by individuals account for 20.49%. As the largest shareholder in AR with 12.94% of the stake, Fidelity Management & Research Co holds 38,883,624 shares worth 38,883,624. A second-largest stockholder of AR, The Vanguard Group, Inc., holds 27,115,601 shares, controlling over 9.02% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in AR, holding 23,030,190 shares or 7.66% stake. With a 2.90% stake in AR, the iShares Core S&P Mid Cap ETF is the largest stakeholder. A total of 8,719,858 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.82% of AR stock, is the second-largest Mutual Fund holder. It holds 8,483,648 shares valued at 249.76 million. Vanguard Small Cap Index Fund holds 2.32% of the stake in AR, owning 6,973,017 shares worth 205.29 million.
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 $44.00 and a low target of $25.00, the average target price over the next 12 months is $33.28. Based on these targets, AR could surge 74.46% to reach the target high and fall by -0.87% to reach the target low. Reaching the average price target will result in a growth of 31.96% from current levels.
Summary of Insider Activity:
Insiders traded AR stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 3,460 shares were sold. The number of buy transactions has increased to 32 while that of sell transactions has risen to 10 over the past year. The total number of shares bought during that period was 719,632 while 657,113 shares were sold.