Antero Resources Corporation [NYSE: AR] plunged by -$1.1 during the normal trading session on Monday and reaching a high of $28.9918 during the day while it closed the day at $28.18. The company report on January 11, 2023 that Antero Resources Announces Fourth Quarter 2022 Earnings Release Date and Conference Call.
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Antero Resources (NYSE: AR) (“Antero” or the “Company”) announced today that the Company plans to issue its fourth quarter 2022 earnings release on Wednesday, February 15, 2023 after the close of trading on the New York Stock Exchange.
A conference call is scheduled on Thursday, February 16, 2023 at 9:00 am MT to discuss the financial and operational results. A brief Q&A session for security analysts will immediately follow the discussion of the results. To participate in the call, dial in at 877-407-9079 (U.S.), or 201-493-6746 (International) and reference “Antero Resources.” A telephone replay of the call will be available until Thursday, February 23, 2023 at 9:00 am MT at 877-660-6853 (U.S.) or 201-612-7415 (International) using the conference ID: 137344438. To access the live webcast and view the related earnings conference call presentation, visit Antero’s website at www.anteroresources.com. The webcast will be archived for replay until Thursday, February 23, 2023 at 9:00 am MT.
Antero Resources Corporation stock has also loss -7.67% of its value over the past 7 days. However, AR stock has declined by -21.24% in the 3 months of the year. Over the past six months meanwhile, it has lost -28.91% and lost -9.07% year-on date.
The market cap for AR stock reached $8.43 billion, with 305.34 million shares outstanding and 263.99 million shares in the current float. Compared to the average trading volume of 5.89M shares, AR reached a trading volume of 5307128 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 $42.27 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 2.20. 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.
Wells Fargo have made an estimate for Antero Resources Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 25, 2023. While these analysts kept the previous recommendation, Mizuho raised their target price from $47 to $51. The new note on the price target was released on January 10, 2023, representing the official price target for Antero Resources Corporation stock.
The Average True Range (ATR) for Antero Resources Corporation is set at 1.36, with the Price to Sales ratio for AR stock in the period of the last 12 months amounting to 1.13. The Price to Book ratio for the last quarter was 1.39. Price to Free Cash Flow for AR in the course of the last twelve months was 2.79 with Quick ratio for the last quarter at 0.40.
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 -7.67. With this latest performance, AR shares dropped by -8.45% in over the last four-week period, additionally sinking by -28.91% over the last 6 months – not to mention a rise of 52.08% 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 39.41, with the RSI for the last a single of trading hit 36.65, and the three-weeks RSI is set at 40.99 for Antero Resources Corporation [AR]. The present Moving Average for the last 50 days of trading for this stock 32.09, while it was recorded at 29.19 for the last single week of trading, and 35.53 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 +31.31 and a Gross Margin at +33.53. Antero Resources Corporation’s Net Margin is presently recorded at -2.85.
Return on Equity for this stock declined to -3.24, with Return on Assets sitting at -1.29.
Antero Resources Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.40.
Antero Resources Corporation [AR]: Insider Ownership positions
There are presently around $6,595 million, or 79.90% of AR stock, in the hands of institutional investors. The top three institutional holders of AR stocks are: FMR LLC with ownership of 45,737,900, which is approximately 2.983% of the company’s market cap and around 4.80% of the total institutional ownership; VANGUARD GROUP INC, holding 27,099,674 shares of the stock with an approximate value of $763.67 million in AR stocks shares; and BLACKROCK INC., currently with $349.33 million in AR stock with ownership of nearly -4.88% of the company’s market capitalization.
Positions in Antero Resources Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 251 institutional holders increased their position in Antero Resources Corporation [NYSE:AR] by around 27,693,533 shares. Additionally, 188 investors decreased positions by around 39,035,317 shares, while 47 investors held positions by with 167,306,539 shares. The mentioned changes placed institutional holdings at 234,035,389 shares, according to the latest SEC report filing. AR stock had 90 new institutional investments in for a total of 9,574,460 shares, while 58 institutional investors sold positions of 6,612,548 shares during the same period.