During the recent session, Antero Resources Corp (NYSE:AR)’s traded shares were 1.88 million, with the beta value of the company hitting 3.36. At the last check today, the stock’s price was $27.01, reflecting an intraday loss of -4.29% or -$1.21. The 52-week high for the AR share is $36.28, that puts it down -34.32 from that peak though still a striking 25.58% gain since the share price plummeted to a 52-week low of $20.10. The company’s market capitalization is $8.40B, and the average intraday trading volume over the past 10 days was 3.45 million shares, and the average trade volume was 3.59 million shares over the past three months.
Antero Resources Corp (AR) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.04. AR has a Sell rating from 0 analyst(s) out of 10 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 7 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.05.
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Antero Resources Corp (NYSE:AR) trade information
Antero Resources Corp (AR) registered a -4.29% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -4.29% in intraday trading to $27.01, hitting a weekly high. The stock’s 5-day price performance is -2.46%, and it has moved by -7.59% in 30 days. Based on these gigs, the overall price performance for the year is -8.25%. The short interest in Antero Resources Corp (NYSE:AR) is 8.97 million shares and it means that shorts have 2.32 day(s) to cover.
The consensus price target of analysts on Wall Street is $35, which implies an increase of 22.83% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $18.5 and $65 respectively. As a result, AR is trading at a discount of -140.65% off the target high and 31.51% off the low.
Antero Resources Corp (AR) estimates and forecasts
Statistics show that Antero Resources Corp has underperformed its competitors in share price, compared to the industry in which it operates. Antero Resources Corp (AR) shares have gone down -17.27% during the last six months, with a year-to-date growth rate less than the industry average at -86.27% against -12.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -162.50% this quarter and then jump 26.10% in the quarter after that. In the rating firms’ projections, revenue will decrease -8.90% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.06B as predicted by 12 analyst(s). Meanwhile, a consensus of 13 analyst(s) estimates revenue growth to 1.17B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.13B and 1.19B respectively. In this case, analysts expect current quarter sales to shrink by -6.20% and then drop by -1.80% in the coming quarter.
While earnings are projected to return -79.31% in 2024.
AR Dividends
Antero Resources Corp is due to release its next quarterly earnings on 2024-Oct-30. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Antero Resources Corp (NYSE:AR)’s Major holders
Antero Resources Corp insiders own 5.80% of total outstanding shares while institutional holders control 85.89%, with the float percentage being 91.18%. FMR LLC is the largest shareholder of the company, while 567.0 institutions own stock in it. As of 2024-06-30, the company held over 43.59 million shares (or 14.294% of all shares), a total value of $1.42 billion in shares.
The next largest institutional holding, with 29.49 million shares, is of VANGUARD GROUP INC’s that is approximately 9.6696% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $962.16 million.
