Is that what Sustainable Earning stands for?: Antero Resources Corporation (AR)

Antero Resources Corporation [AR] stock is trading at $33.59, up down -6.25%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The AR shares have lost -15.52% over the last week, with a monthly amount drifted -20.46%, and not seem to be holding up well over a long-time horizon.

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On 17, August 2022, Antero Resources Announces Early Tender Results of Tender Offer For its 2029 Notes. In a post published today on Yahoo Finance, Antero Resources Corporation (NYSE: AR) (“Antero Resources”, “Antero” or the “Company”) today announced the early results of the previously announced tender offer to purchase for cash an amount of the Company’s 7.625% Senior Notes due 2029 (such notes, the “Maximum Tender Notes,” and such offer, the “Maximum Tender Offer”) equal to the difference between $300,000,000 and the aggregate principal amount of the Company’s 8.375% Senior Notes due 2026 (the “Any and All Notes”) accepted for purchase in the Company’s previously announced cash tender offer for the Any and All Notes (such offer, the “Any and All Offer,” together with the Maximum Tender Offer, the “Offers,” and such difference, the “Maximum Tender Offer Cap”). The terms and conditions of the Maximum Tender Offer are set forth in the Company’s Offer to Purchase, dated as of August 4, 2022 (the “Offer to Purchase”).  As of 5:00 p.m., New York City time, on August 17, 2022 (the “Early Tender Deadline”), an aggregate principal amount of $284,733,000 of Maximum Tender Notes had been validly tendered and not validly withdrawn.  The deadline for holders to validly withdraw tenders of Maximum Tender Notes was 5:00 p.m., New York City time, on August 17, 2022, and was not extended.  The Company intends to accept for purchase $118,344,000 of the Maximum Tender Notes (the “Accepted Notes”) using a proration factor of approximately 41.56% and to make payment for Accepted Notes on August 19, 2022.

From an analyst’s perspective:

Previously, Truist upgraded its rating to Buy on July 05, 2022, and elevated its price target to $50. On January 21, 2022, upgrade upgraded it’s rating to Buy and revised its price target to $24 on the stock. BMO Capital Markets upgraded its rating to a Outperform and increased its price target to $28 on January 10, 2022. The Benchmark Company initiated its recommendation with a Buy and recommended $32 as its price target on October 26, 2021. Mizuho upgraded its rating to Buy for this stock on October 18, 2021, and upped its price target to $32. In a note dated July 27, 2021, Raymond James upgraded an Strong Buy rating on this stock and boosted its target price from $12 to $19.

Antero Resources Corporation [AR] stock has fluctuated between $15.38 and $48.80 over the past year. Currently, Wall Street analysts expect the stock to reach $53.64 within the next 12 months. Antero Resources Corporation [NYSE: AR] shares were valued at $33.59 at the most recent close of the market. An investor can expect a potential return of 59.69% based on the average price forecast.

Analyzing the AR fundamentals

Antero Resources Corporation [NYSE:AR] reported sales of 2.47 billion for the most recent quarter, which represents a growth of 352.00%. Gross Margin for this corporation currently stands at +33.53% with Operating Margin at +31.31%, Pretax Margin comes in at -3.48%, and Net Margin reading is -2.85%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 32.31 points at the first support level, and at 31.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.65, and for the 2nd resistance point, it is at 37.72.

Antero Resources Corporation [AR] reported earnings per share of $1.68 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.91/share, meaning a difference of $-0.23 and a surprise factor of -12.00%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $1.15 per share as compared to estimates of $1.1 per share, a difference of $0.05 representing a surprise of 4.50%.

Ratios To Look Out For

For context, Antero Resources Corporation’s Current Ratio is 0.40. In addition, the Quick Ratio stands at 0.33. Considering the valuation of this stock, the price to sales ratio is 0.82, the price to book ratio is 0.95 and the P/E (TTM) ratio is 11.55.

Transactions by insiders

In the past 3 months, 7 insiders have purchased 11,284 shares, and 3 have sold 46,701 shares. Recent insider trading involved Keenan W Howard JR, Director, that happened on Sep 07 when 0.37 million shares were sold. Director, Keenan W Howard JR completed a deal on Sep 06 to sell 0.37 million shares. Meanwhile, Director CLARK ROBERT J sold 5000.0 shares on Aug 23.