Antero Resources Corporation (AR) is an interesting player in the Basic Materials space, with a focus on Oil & Gas Drilling & Exploration. The stock has been active on the tape, currently trading at $19.99, up from yesterday’s close by 2.04%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.Fundamental Analysis
Antero Resources Corporation (AR) currently trades with a market capitalization of $6.19 Billion. That value represents a market adjusting for revenues that have been falling by -14.01 % on a quarterly year/year basis as of the company’s last quarterly report.
You can get a sense of how sustainable that is by a levered free cash flow of -$37.4 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.19 on a per share basis this quarter. Perhaps, that suggests something about why 7.45% of the outstanding share supply is held by institutional investors.
We’ve taken a serious look at this stock from a fundamental perspective, but the tale of the tape may offer more hints about what lies under the surface. Looking at the stock’s movement on the chart, Antero Resources Corporation recorded a 52-week high of $22.68. It is now trading 2.69% off that level. The stock is trading $19.40 its 50-day moving average by -0.59%. The stock carved out a 52-week low down at $16.31.
In recent action, Antero Resources Corporation (AR) has made a move of +5.60% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.11, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 11.74% with $287.34 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of AR.