Antero Resources Corporation (NYSE: AR): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Antero Resources Corporation (AR) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.10, or -0.37%, to $26.95. The Antero Resources Corporation has recorded 71,857 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Antero Resources Announces Second Quarter 2023 Financial and Operational Results and Increased Production Guidance.

Stocks Info

AR belongs to the Energy sector of the NYSE while operating in the Oil & Gas E&P industry. At the end of the last regular session, the stock closed at $27.05 and fluctuated between $27.10 as its day high and $26.35 as its day low. The current market capitalization of Antero Resources Corporation is $8.09B. A total of 3.49 million shares were traded on the day, compared to an average of 5.19M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, AR has seen 6 BUY and 0 SELL insider trades, representing the acquisition of 14,040 and the disposition of 0 shares. Over the last 12 months, there were 40 BUYs and 12 SELLs from insiders. Insiders purchased 1,004,122 shares during that period but sold 1,656,403.

In the most recent transaction, Kennedy Michael N. sold 150,000 shares of AR for 21.07 per share on May 05. After the transaction, the insider now owns 941,832 company shares. In a previous transaction on Dec 07, Keenan W Howard JR sold 779,755 shares at 31.34 per share. AR shares that Director owns now total 4,000,000.

Among the insiders who sold shares, Keenan W Howard JR disposed of 220,245 shares on Dec 06 at a per-share price of $31.16. This resulted in the Director holding 4,779,755 shares of AR after the transaction. In another insider transaction, Pearce Sheri sold 2,750 shares at $35.48 per share on Nov 03. Company shares held by the insider now total 91,266.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for AR in the last 3 months, the mean price target is $32.63 with high estimates of $45.00 and low estimates of $23.00. In terms of 52-week highs and lows, AR has a high of $42.39 and a low of $19.91.

As of this writing, AR has an earnings estimate of $0.03 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $0.2 per share and a lower estimate of -$0.24. The company reported an EPS of $0.5 in the last quarter, which was -7.40% lower than expectations of $0.54.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. There were $5.55B in debt and $2.07B in liabilities at the time. Its Book Value Per Share was $22.74, while its Total Shareholder’s Equity was $6.07B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AR is Buy with a score of 4.08.