Antero Resources Corp (NYSE:AR) has a beta value of 3.37 and has seen 0.8 million shares traded in the recent trading session. The company, currently valued at $9.17B, closed the recent trade at $30.22 per share which meant it gained $0.25 on the day or 0.82% during that session. The AR stock price is -2.25% off its 52-week high price of $30.90 and 34.12% above the 52-week low of $19.91. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.3 million shares traded. The 3-month trading volume is 4.79 million shares.
Antero Resources Corp (NYSE:AR) trade information
Sporting 0.82% in the green today, the stock has traded in the green over the last five days, when the AR stock price touched $30.22 or saw a rise of 0.53%. Year-to-date, Antero Resources Corp shares have moved 33.22%, while the 5-day performance has seen it change 2.39%. Over the past 30 days, the shares of Antero Resources Corp (NYSE:AR) have changed 13.38%. Short interest in the company has seen 12.72 million shares shorted with days to cover at 2.34.
Antero Resources Corp (AR) estimates and forecasts
Figures show that Antero Resources Corp shares have underperformed across the wider relevant industry. The company’s shares have gained 17.80% over the past 6 months, with this year growth rate of -11.76%, compared to -4.80% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -98.00% and 53.60% for the next quarter. Revenue growth from the last financial year stood is estimated to be -6.10%.
10 analysts offering their estimates for the company have set an average revenue estimate of $1.08 billion for the current quarter. 10 have an estimated revenue figure of $1.01 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $1.41 billion and $953.3 million respectively for this quarter and the next, and analysts expect sales will shrink by -23.00% for the current quarter and 5.90% for the next.
AR Dividends
Antero Resources Corp is expected to release its next earnings report between April 24 and April 29 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Antero Resources Corp (NYSE:AR)’s Major holders
Insiders own 6.60% of the company shares, while shares held by institutions stand at 84.86% with a share float percentage of 90.86%. Investors are also buoyed by the number of investors in a company, with Antero Resources Corp having a total of 507 institutions that hold shares in the company. The top two institutional holders are FMR, LLC with over 45.02 million shares worth more than $1.04 billion. As of Jun 29, 2023, FMR, LLC held 14.99% of shares outstanding.
The other major institutional holder is Vanguard Group Inc, with the holding of over 27.41 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $631.18 million and represent 9.12% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund. As of Sep 29, 2023, the former fund manager holds about 2.94% shares in the company for having 8.83 million shares of worth $224.13 million while later fund manager owns 8.54 million shares of worth $196.72 million as of Jun 29, 2023, which makes it owner of about 2.84% of company’s outstanding stock.
