Antero Resources Corporation [NYSE: AR] closed the trading session at $13.47 on 08/03/21. The day’s price range saw the stock hit a low of $12.715, while the highest price level was $13.655. The company report on July 29, 2021 that Antero Resources Reports Second Quarter 2021 Financial and Operational Results.
Antero Resources Corporation (NYSE: AR) (“Antero Resources”, “Antero”, or the “Company”) announced its second quarter 2021 financial and operational results. The relevant consolidated financial statements are included in Antero Resource’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2021.
Second Quarter 2021 Highlights Include:.
The stocks have a year to date performance of 147.16 percent and weekly performance of -3.02 percent. The stock has been moved at 92.15 percent over the last six months. The stock has performed -7.93 percent around the most recent 30 days and changed 30.65 percent over the most recent 3-months.
If compared to the average trading volume of 6.55M shares, AR reached to a volume of 4780130 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Antero Resources Corporation [AR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AR shares is $15.09 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AR stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Raymond James have made an estimate for Antero Resources Corporation shares, keeping their opinion on the stock as Strong Buy, with their previous recommendation back on July 27, 2021. While these analysts kept the previous recommendation, TD Securities raised their target price from $12 to $18.50. The new note on the price target was released on June 29, 2021, representing the official price target for Antero Resources Corporation stock. Previously, the target price had yet another raise from $14 to $16, while Wells Fargo kept a Overweight rating on AR stock.
The Average True Range (ATR) for Antero Resources Corporation is set at 0.82, with the Price to Sales ratio for AR stock in the period of the last 12 months amounting to 1.25. The Price to Book ratio for the last quarter was 0.77, with the Price to Cash per share for the same quarter was set at 0.01. Price to Free Cash Flow for AR in the course of the last twelve months was 3.29 with Quick ratio for the last quarter at 0.30.
AR stock trade performance evaluation
Antero Resources Corporation [AR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.02. With this latest performance, AR shares dropped by -7.93% in over the last four-week period, additionally plugging by 92.15% over the last 6 months – not to mention a rise of 296.18% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AR stock in for the last two-week period is set at 47.30, with the RSI for the last a single of trading hit 45.85, and the three-weeks RSI is set at 49.15 for Antero Resources Corporation [AR]. The present Moving Average for the last 50 days of trading for this stock 13.78, while it was recorded at 13.51 for the last single week of trading, and 9.02 for the last 200 days.
Antero Resources Corporation [AR]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Antero Resources Corporation [AR] shares currently have an operating margin of -60.76 and a Gross Margin at -55.62. Antero Resources Corporation’s Net Margin is presently recorded at -48.45.
Return on Total Capital for AR is now -12.56, given the latest momentum, and Return on Invested Capital for the company is -10.38. Return on Equity for this stock declined to -19.91, with Return on Assets sitting at -8.47. When it comes to the capital structure of this company, Antero Resources Corporation [AR] has a Total Debt to Total Equity ratio set at 97.38. Additionally, AR Total Debt to Total Capital is recorded at 49.34, with Total Debt to Total Assets ending up at 40.04. Long-Term Debt to Equity for the company is recorded at 92.76, with the Long-Term Debt to Total Capital now at 47.00.
Reflecting on the efficiency of the workforce at the company, Antero Resources Corporation [AR] managed to generate an average of -$2,428,921 per employee. Receivables Turnover for the company is 5.55 with a Total Asset Turnover recorded at a value of 0.17.Antero Resources Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 0.30.
Antero Resources Corporation [AR]: Insider Ownership positions
There are presently around $2,821 million, or 69.80% of AR stock, in the hands of institutional investors. The top three institutional holders of AR stocks are: VANGUARD GROUP INC with ownership of 25,460,307, which is approximately 13.294% of the company’s market cap and around 8.20% of the total institutional ownership; BLACKROCK INC., holding 20,662,382 shares of the stock with an approximate value of $278.32 million in AR stocks shares; and STATE STREET CORP, currently with $216.68 million in AR stock with ownership of nearly 29.432% of the company’s market capitalization.
Positions in Antero Resources Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 119 institutional holders increased their position in Antero Resources Corporation [NYSE:AR] by around 38,636,152 shares. Additionally, 120 investors decreased positions by around 51,991,016 shares, while 35 investors held positions by with 118,766,652 shares. The mentioned changes placed institutional holdings at 209,393,820 shares, according to the latest SEC report filing. AR stock had 51 new institutional investments in for a total of 11,559,379 shares, while 39 institutional investors sold positions of 7,037,629 shares during the same period.