Antero Resources Corporation (NYSE:AR) has a beta value of 4.76 and has seen 8.14 million shares traded in the last trading session. The company, currently valued at $4.84B, closed the last trade at $16.28 per share which meant it gained $0.86 on the day or 5.58% during that session. The AR stock price is 3.19% off its 52-week high price of $15.76 and 84.28% above the 52-week low of $2.56. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.72 million shares traded. The 3-month trading volume is 6.17 million shares.
The consensus among analysts is that Antero Resources Corporation (AR) is an Overweight stock at the moment, with a recommendation rating of 2.30. 1 analysts rate the stock as a Sell, while 2 rate it as Overweight. 7 out of 18 have rated it as a Hold, with 7 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $0.25.
Antero Resources Corporation (NYSE:AR) trade information
Sporting 5.58% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the AR stock price touched $16.28 or saw a rise of 1.27%. Year-to-date, Antero Resources Corporation shares have moved 198.72%, while the 5-day performance has seen it change 17.63%. Over the past 30 days, the shares of Antero Resources Corporation (NYSE:AR) have changed 22.96%. Short interest in the company has seen 24.1 million shares shorted with days to cover at 3.94.
Wall Street analysts have a consensus price target for the stock at $17.45, which means that the shares’ value could jump 6.7% from current levels. The projected low price target is $15.00 while the price target rests at a high of $21.00. In that case, then, we find that the current price level is -28.99% off the targeted high while a plunge would see the stock lose 7.86% 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 67.49% over the past 6 months, with this year growth rate of 383.93%, compared to 10.80% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 167.60% and 620.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 27.10%.
7 analysts offering their estimates for the company have set an average revenue estimate of $1.32 billion for the current quarter. 7 have an estimated revenue figure of $1.2 billion for the next quarter concluding in Sep 2021.
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 -27.40% over the past 5 years.
Antero Resources Corporation is expected to release its next earnings report between October 26 and November 01 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Antero Resources Corporation (NYSE:AR)’s Major holders
Insiders own 10.57% of the company shares, while shares held by institutions stand at 76.43% with a share float percentage of 85.46%. Investors are also buoyed by the number of investors in a company, with Antero Resources Corporation having a total of 335 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 25.01 million shares worth more than $375.95 million. As of Jun 29, 2021, Vanguard Group, Inc. (The) held 7.97% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 22.22 million shares as of Jun 29, 2021. The firm’s total holdings are worth over $333.94 million and represent 7.08% 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 Jun 29, 2021, the former fund manager holds about 2.41% shares in the company for having 7.56 million shares of worth $113.65 million while later fund manager owns 7.23 million shares of worth $73.8 million as of Mar 30, 2021, which makes it owner of about 2.31% of company’s outstanding stock.