Antero Resources Corporation (NYSE:AR) has a beta value of 4.75 and has seen 5,407,372 shares traded in the recent trading session. The company, currently valued at $784.16 Million, closed the recent trade at $2.93 per share which meant it gained $0.04 on the day or 1.38% during that session. The AR stock price is -58.36% off its 52-week high price of $4.64 and 78.16% above the 52-week low of $0.64. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.65 Million shares traded. The 3-month trading volume is 12.89 Million shares.
The consensus among analysts is that Antero Resources Corporation (AR) is a Hold stock at the moment, with a recommendation rating of 3.3. 5 analysts rate the stock as a Sell, while none rate it as Overweight. 11 out of 17 have rated it as a Hold, with 1 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.1.
Antero Resources Corporation (NYSE:AR) trade information
Sporting 1.38% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Sep 15 when the AR stock price touched $2.95-0 or saw a rise of 0.34%. Year-to-date, Antero Resources Corporation shares have moved 3.16%, while the 5-day performance has seen it change 8.09%. Over the past 30 days, the shares of Antero Resources Corporation (NYSE:AR) have changed -33.63%. Short interest in the company has seen 48.47 Million shares shorted with days to cover at 3.76.
Wall Street analysts have a consensus price target for the stock at $4.09, which means that the shares’ value could jump 39.59% from current levels. The projected low price target is $2.5 while the price target rests at a high of $7. In that case, then, we find that the current price level is +138.91% off the targeted high while a plunge would see the stock lose -14.68% from current levels.
Antero Resources Corporation (AR) estimates and forecasts
Figures show that Antero Resources Corporation shares have outperformed across the wider relevant industry. The company’s shares have gained +140.83% over the past 6 months, with this year growth rate of 577.78%, compared to -44.1% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 79.6% and 100% for the next quarter. Revenue growth from the last financial year stood is estimated to be -12.6%.
7 analysts offering their estimates for the company have set an average revenue estimate of $992.86 Million for the current quarter. 7 have an estimated revenue figure of $1Billion for the next quarter concluding in December 01, 2020. Year-ago sales stood $1.12 Billion and $1.05 Billion respectively for this quarter and the next, and analysts expect sales will grow by -11.3% for the current quarter and -4.3% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -19.5% over the past 5 years. Earnings growth for 2020 is a modest +11.7%.
Antero Resources Corporation (NYSE:AR)’s Major holders
Insiders own 12.53% of the company shares, while shares held by institutions stand at 107.41% with a share float percentage of 122.8%. Investors are also buoyed by the number of investors in a company, with Antero Resources Corporation having a total of 310 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 22.27 Million shares worth more than $56.56 Million. As of June 29, 2020, Vanguard Group, Inc. (The) held 8.29% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 17.88 Million shares as of June 29, 2020. The firm’s total holdings are worth over $45.41 Million and represent 6.66% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are SPDR (R) Ser Tr-SPDR (R) S&P (R) Oil & Gas Explor & Prod ETF and Vanguard Total Stock Market Index Fund. As of June 29, 2020, the former fund manager holds about 3.02% shares in the company for having 8121423 shares of worth $20.63 Million while later fund manager owns 6.57 Million shares of worth $16.68 Million as of June 29, 2020, which makes it owner of about 2.44% of company’s outstanding stock.