In last trading session, Antero Resources Corp (NYSE:AR) saw 3.4 million shares changing hands with its beta currently measuring 3.31. Company’s recent per share price level of $26.99 trading at $0.12 or 0.45% at ring of the bell on the day assigns it a market valuation of $8.19B. That closing price of AR’s stock is at a discount of -14.49% from its 52-week high price of $30.90 and is indicating a premium of 26.23% from its 52-week low price of $19.91. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.92 million shares which gives us an average trading volume of 4.97 million if we extend that period to 3-months.
Antero Resources Corp (NYSE:AR) trade information
Upright in the green during last session for gaining 0.45%, in the last five days AR remained trading in the green while hitting it’s week-highest on Friday, 03/22/24 when the stock touched $26.99 price level, adding 0.66% to its value on the day. Antero Resources Corp’s shares saw a change of 19.00% in year-to-date performance and have moved 4.57% in past 5-day. Antero Resources Corp (NYSE:AR) showed a performance of 5.06% in past 30-days. Number of shares sold short was 17.31 million shares which calculate 3.11 days to cover the short interests.
Antero Resources Corp (AR) estimates and forecasts
Statistics highlight that Antero Resources Corp is scoring comparatively higher than the scores of other players of the relevant industry. The company added 12.22% of value to its shares in past 6 months, showing an annual growth rate of 58.82% while that of industry is -1.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -86.00% in the current quarter and calculating 75.00% increase in the next quarter. This year revenue growth is estimated to fall -6.10% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.09 billion for the same. And 9 analysts are in estimates of company making revenue of $1.02 billion in the next quarter that will end on Jun 2024. Company posted $1.41 billion and $953.3 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -22.90% while estimating it to be 6.60% for the next quarter.
AR Dividends
Antero Resources Corp is more likely to be releasing its next quarterly report between April 24 and April 29 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Antero Resources Corp (NYSE:AR)’s Major holders
Insiders are in possession of 6.60% of company’s total shares while institution are holding 84.86 percent of that, with stock having share float percentage of 90.86%. Investors also watch the number of corporate investors in a company very closely, which is 84.86% institutions for Antero Resources Corp that are currently holding shares of the company. FMR, LLC is the top institutional holder at AR for having 45.08 million shares of worth $1.22 billion. And as of Dec 30, 2023, it was holding 14.85% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 27.69 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 9.12% of outstanding shares, having a total worth of $747.47 million.
On the other hand, iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jan 30, 2024, the former fund manager was holding 8.57 million shares of worth $231.19 million or 2.82% of the total outstanding shares. The later fund manager was in possession of 8.5 million shares on Dec 30, 2023, making its stake of worth around $229.47 million in the company or a holder of 2.80% of company’s stock.
