63 F
New York
Friday, September 25, 2020

Antero Resources Corporation (NYSE:AR) Stock is Plummeting, Here is Why

Must read

The Forecast Just Changed on Owens & Minor Inc. (NYSE:OMI)

Owens & Minor Inc. (OMI) shares are trading at higher $20.31 and the avg recommendation for the stock is Moderate Buy, while the current...

Snap Inc. (NYSE:SNAP) Recent Earnings Shows Major Concern

Snap Inc. (SNAP) shares are trading at lower $24.32 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Kinross Gold Corporation (NYSE:KGC) is Holding Steady

Kinross Gold Corporation (KGC) shares are trading at higher $8.84 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Barrick Gold Corporation (NYSE:GOLD) is Waving the Bull Flag

Barrick Gold Corporation (GOLD) shares are trading at higher $27.65 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

The Antero Resources Corporation (AR) shares are trading at lower $2.85 and the avg recommendation for the stock is Hold. while the current analyst price target stands at $3.24.

To add more color to this target, the company’s high over the last year is $5.18 and the low is $0.64. Over the last 52 weeks, AR is down -44.98% while the S&P 500 is down -0.33%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, AR reported a profit of $262.43 million. Antero Resources Corporation also saw revenues increase to $1.32 billion. In addition, AR has free cash flow of $189.55 million as of 03-2020. The company’s EBITDA came in at $463.21 million which compares well with its peers.

AR booked profit margins of -35.40%, its Return on Equity (ROE) is -22.60%, and its Return on Assets is -10.50%. All told, it is clear that, AR needs to be on your watchlist.

Find out when AR reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. AR has a short ratio of 2.94 and outstanding shares of 284.23M.

Company Outlook

AR has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 12.15 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -5.52. Antero Resources Corporation AR also noted assets of $14.53 billion at the end of the last quarter. Investors should also keep an eye on sector updates as AR has historically followed its peers on positive news.

All told, Antero Resources Corporation AR has strung together solid data and demonstrated underlying fundamentals. At its current valuation, AR represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Antero Resources Corporation AR is now commanding a market cap of 737.98M and a float of 224.69M. AR is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of AR stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in AR, either long or short, and we have not been compensated for this article.

Latest article

Investor Confidence is Falling for Nordstrom Inc. (NYSE:JWN)

Nordstrom Inc. (JWN) shares are trading at lower $12.12 and the avg recommendation for the stock is Hold, while the current analyst price target...

MGM Resorts International (NYSE:MGM) is Gaining Momentum on Earnings Catalyst

MGM Resorts International (MGM) shares are trading at lower $21.19 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

The Rejuvenation of Virgin Galactic Holdings Inc. (NYSE:SPCE)

Virgin Galactic Holdings Inc. (SPCE) shares are trading at higher $15.92 and the avg recommendation for the stock is Moderate Buy, while the current...

General Motors Company (NYSE:GM) Recent Earnings Shows Major Concern

General Motors Company (GM) shares are trading at lower $29.11 and the avg recommendation for the stock is Strong Buy, while the current analyst...

The Unprecedented Rise of NIKE Inc. (NYSE:NKE)

NIKE Inc. (NKE) shares are trading at lower $124.75 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...