A Closer Look At Antero Resources Corporation (AR)’s Financials

As of Friday close, Antero Resources Corporation’s (NYSE:AR) stock was up $0.1, moving up 0.31 percent to $32.28. The average number of shares traded per day over the past five days has been 9,368,899 shares. 1 time new highs have been achieved over the past 5 days, with a -$4.71 fall in that time frame. In the last twenty days, the average volume was 8,966,670, while in the previous 50 days, it was 8,325,532.

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Since last month, AR stock retreated -6.76%. Shares of the company fell to $30.85 on 04/25/22, the lowest level in the past month. A 52-week high of $39.24 was reached on 05/05/22 after having rallying from a 52-week low of $10.59. Since the beginning of this year, AR’s stock price has risen by 84.46% or $14.78, and marked a new high 32 times. However, the stock has declined by -17.74% since its 52-week high.

Antero Resources Corporation (AR) last reported insider trading activity 3 days ago on May 11. Pearce Sheri, the of the company, disposed of 7,352 shares for $34.63 on May 11. It resulted in a $254,600 divestment by the insider. CLARK ROBERT J sold 10,000 shares at an average price of $35.00 on Apr 14. The insider now owns 74,615 shares following the transaction. On Mar 25, Director CLARK ROBERT J sold 10,000 shares at $30.00 apiece. The transaction was valued at $300,000.

Valuation Metrics

The stock’s beta is 3.74. Besides these, the trailing price-to-sales (P/S) ratio of 2.44, the price-to-book (PB) ratio of 1.85, and the price-to-cash flow ratio of 6.31 may also be considered.

Financial Health

In the three months ended September 29, Antero Resources Corporation’s quick ratio stood at 0.30, while its current ratio was 0.30, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.36, and the total debt-to-equity ratio was 0.36. On the profitability front, the trailing twelve-month gross margin is 69.70% percent. In the year ended September 29, operating margins totaled -8.30%. Based on annual data, AR earned $23.86 million in gross profit and brought in $4.62 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -0.60%. Return on equity (ROE) for the past 12 months was -6.10%.

In Antero Resources Corporation’s quarter-end financial report for September 29, it reported total debt of $1.96 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. AR’s revenue fell -53.04% to $2.39 billion during the quarter, while net income inched up to $786.84 million. While analysts expected Antero Resources Corporation to report $0.31 quarterly earnings, the actual figure was $0.19 per share, beating the consensus estimate by -38.70%. During the quarter, the company generated -$41.59 million in EBITDA. The liabilities of Antero Resources Corporation were 8.07 billion at the end of its most recent quarter ended September 29, and its total debt was $5.31 billion. The value of shareholders’ equity is $311.08 million.

Technical Picture

This quick technical analysis looks at Antero Resources Corporation’s (AR) price momentum. With a historical volatility rate of 74.27%, the RSI 9-day stood at 38.91% on 13 May.

With respect to its five-day moving average, the current Antero Resources Corporation price is down by -12.73% percent or -$4.71. At present, AR shares trade -8.50% below its 20-day simple moving average and +89.77% percent above its 100-day simple moving average. However, the stock is currently trading approximately +34.61% above its SMA50 and +137.18% above its SMA200.

Stochastic coefficient K was 19.45% and Stochastic coefficient D was 21.66%, while ATR was 2.30. Given the Stochastic reading of 16.16% for the 14-day period, the RSI (14) reading has been calculated as 45.39%. As of today, the MACD Oscillator reading stands at -2.34, while the 14-day reading stands at -2.21.

Analyst Ratings

Goldman upgraded its rating on Antero Resources Corporation (NYSE: AR) to a Buy in a note to investors on January 21, 2022. The analysts firm previously had a Neutral rating on the stock.Antero Resources Corporation (AR) has been rated Overweight by analysts. According to 0 brokerage firms, AR is a sell, and 5 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate Antero Resources Corporation stock as buy, with 9 recommending it as overweight.

With a median target price of $45.00, the current consensus forecast for the stock is $37.00 – $56.00. Based on these forecasts, analysts predict Antero Resources Corporation (AR) will achieve an average price target of $44.93.


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