In today’s recent session, 6,891,415 shares of the Antero Resources Corporation(NYSE:AR) have been traded, and its beta is 4.82. Most recently the company’s share price was $9.28, and it changed around $0.32 or 0.04% from the last close, which brings the market valuation of the company to $2.78 Billion. AR at last check was trading at a discount to its 52-week high of $10.04, offering almost -8.19% off that amount. The share price’s 52-week low was $0.64, which indicates that the recent value has risen by an impressive 93.1% since then. We note from Antero Resources Corporation’s average daily trading volume that its 10-day average is 17.21 Million shares, with the 3-month average coming to 10.69 Million.
Antero Resources Corporation stock received a consensus recommendation rating of Hold, based on a mean score of 2.7. If we narrow it down even further, the data shows that 3 out of 17 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 8 recommended AR as a Hold, whereas 4 deemed it a Buy, and no one rated it as Underweight. Antero Resources Corporation is expected to report earnings per share of $0.2 for the current quarter.
Antero Resources Corporation (NYSE:AR): Trading Information Today
Instantly AR has been showing a green trend so far today with a performance of 3.57% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $10.04 on Tuesday, Feb 16 increased the stock’s daily price by 8.32%. The company’s shares are currently up 0.69% year-to-date, but still up 0.0228 over the last five days. On the other hand, Antero Resources Corporation (NYSE:AR) is 0.38% up in the 30-day period. We can see from the shorts that 34.08 Million shares have been sold at a short interest cover period of 3.19 day(s).
The consensus price target as assigned by Wall Street analysts is $8.84, which translates to bears needing to reduce their stock price by -4.74% from its current value. Analyst projections state that AR is forecast to be at a low of $6 and a high of $15. In order for the stock price to hit the forecast high, the stock would need to surge +61.64% from its current level, while the stock would need to crash -35.34% from its current level to reach the projected low.
Antero Resources Corporation (AR) projections and forecasts
Antero Resources Corporation share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +145.48 percent over the past six months and at a -126.79% annual growth rate that is well below the industry average of -27%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +253.8% in revenue this quarter, and will report an increase of 116.2% in the next quarter. The year-over-year growth rate is expected to be 18.3%, up from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of $1.06 Billion in revenue for the current quarter. 8 analysts expect Antero Resources Corporation to make $1.02 Billion in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $1.32 Billion and $936.93 Million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -19.4%. Forecasts for the next quarter put sales growth at 8.5%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -27.4%. Antero Resources Corporation earnings are expected to decrease by -319.2% in 2021, but the outlook is negative 0% per year for the next five years.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
Antero Resources Corporation (NYSE:AR)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 12.53% of Antero Resources Corporation shares, and 83.67% of them are in the hands of institutional investors. The stock currently has a share float of 95.66%. Antero Resources Corporation stock is held by 262 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Sep 29, 2020, it held 8.58% of the shares, which is about 23.06 Million shares worth $63.42 Million.
Blackrock Inc., with 7.44% or 19.99 Million shares worth $108.96 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.