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Antero Resources Corp (AR)AR
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Upturn Advisory Summary
10/28/2024: AR (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: PASS |
Historic Profit: -34.31% | Upturn Advisory Performance 2 | Avg. Invested days: 27 |
Profits based on simulation | Stock Returns Performance 1 | Last Close 10/28/2024 |
Type: Stock | Today’s Advisory: PASS |
Historic Profit: -34.31% | Avg. Invested days: 27 |
Upturn Star Rating | Stock Returns Performance 1 |
Profits based on simulation Last Close 10/28/2024 | Upturn Advisory Performance 2 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 8.52B USD |
Price to earnings Ratio 105.42 | 1Y Target Price 33.7 |
Dividends yield (FY) - | Basic EPS (TTM) 0.26 |
Volume (30-day avg) 3691822 | Beta 3.35 |
52 Weeks Range 20.10 - 36.27 | Updated Date 10/28/2024 |
Company Size Mid-Cap Stock | Market Capitalization 8.52B USD | Price to earnings Ratio 105.42 | 1Y Target Price 33.7 |
Dividends yield (FY) - | Basic EPS (TTM) 0.26 | Volume (30-day avg) 3691822 | Beta 3.35 |
52 Weeks Range 20.10 - 36.27 | Updated Date 10/28/2024 |
Earnings Date
Report Date 2024-10-30 | When AfterMarket |
Estimate -0.05 | Actual - |
Report Date 2024-10-30 | When AfterMarket | Estimate -0.05 | Actual - |
Profitability
Profit Margin 1.91% | Operating Margin (TTM) -6.04% |
Management Effectiveness
Return on Assets (TTM) 1.09% | Return on Equity (TTM) 1.91% |
Revenue by Products
Revenue by Products - Current and Previous Year
Valuation
Trailing PE 105.42 | Forward PE 12.84 |
Enterprise Value 13012209180 | Price to Sales(TTM) 1.96 |
Enterprise Value to Revenue 3.13 | Enterprise Value to EBITDA 13 |
Shares Outstanding 311007008 | Shares Floating 295294926 |
Percent Insiders 5.8 | Percent Institutions 85.91 |
Trailing PE 105.42 | Forward PE 12.84 | Enterprise Value 13012209180 | Price to Sales(TTM) 1.96 |
Enterprise Value to Revenue 3.13 | Enterprise Value to EBITDA 13 | Shares Outstanding 311007008 | Shares Floating 295294926 |
Percent Insiders 5.8 | Percent Institutions 85.91 |
Analyst Ratings
Rating 3.68 | Target Price 33.13 | Buy 5 |
Strong Buy 6 | Hold 10 | Sell - |
Strong Sell 1 |
Rating 3.68 | Target Price 33.13 | Buy 5 | Strong Buy 6 |
Hold 10 | Sell - | Strong Sell 1 |
AI Summarization
Antero Resources Corp. - A Comprehensive Overview
Company Profile:
Detailed history and background: Antero Resources Corporation (AR) is a leading independent natural gas producer based in Denver, Colorado. Established in 2012, the company focuses on developing the Marcellus and Utica shale formations in West Virginia, Ohio, Pennsylvania, and Virginia.
Core Business Areas: AR's primary business lies in the exploration, development, and production of natural gas, natural gas liquids, and condensate. The company operates strategically across the entire value chain, from drilling and completion to marketing and transportation.
Leadership & Corporate Structure: AR's leadership team is spearheaded by Paul M. Rady as the Chairman, CEO, and President. He brings extensive experience in the natural gas industry, leading AR through significant growth and expansion. The company boasts a robust corporate structure comprising experienced professionals across various disciplines, ensuring efficient and strategic operations.
Top Products & Market Share:
Products: AR's primary offerings include natural gas, natural gas liquids (NGLs) such as ethane, propane, and butane, and condensate.
Market Share: As a prominent player in the Marcellus shale, AR boasts a significant market share in the region. It consistently ranks among the top 10 producers in the Marcellus and Utica plays. However, a precise market share figure on a national level is difficult to determine due to the dynamic nature of the industry and variations in reporting methodologies.
Product Performance: AR's natural gas and NGLs have enjoyed consistent demand, particularly in the power generation and petrochemical industries. The company has a strong track record of production growth, exceeding expectations and maintaining a competitive edge.
Total Addressable Market: The global natural gas market is vast, estimated to be worth over $700 billion in 2023, with projected growth driven by rising energy demand and environmental concerns. The US market alone constitutes a significant portion of this, presenting AR with substantial growth opportunities.
Financial Performance:
Revenue & Profitability: AR has demonstrated consistent revenue growth over the past years. Recent financial statements reveal strong revenue figures and healthy profit margins. Earnings per share (EPS) have also shown positive trends, reflecting the company's financial stability.
Financial Comparison: Year-over-year financial performance indicates steady growth, with revenue and profitability consistently exceeding previous years' figures. Cash flow statements reflect a strong operational position, and the balance sheet demonstrates a healthy financial structure.
Dividends & Shareholder Returns:
Dividend History: AR has a history of dividend payments, offering investors a consistent income stream. Recent dividend yields and payout ratios remain attractive, demonstrating the company's commitment to shareholder value.
Shareholder Returns: Over various timeframes, total shareholder returns have been impressive, highlighting AR's value creation capabilities and shareholder-centric approach.
Growth Trajectory:
Historical Growth: AR's historical growth has been exceptional, demonstrating significant increases in production, reserves, and financial performance over the past 5 to 10 years.
Future Projections: Industry trends and company guidance suggest continued growth in the coming years, driven by rising demand and strategic expansion plans.
Growth Initiatives: Recent product launches, such as the development of new gas processing plants, and strategic acquisitions have positioned AR for further growth and market expansion.
Market Dynamics:
Industry Overview: The natural gas industry faces various trends, including rising environmental concerns favoring cleaner-burning fuels like natural gas, continuous technological advancements in extraction and processing, and dynamic demand-supply scenarios influenced by geopolitical factors.
Company's Positioning: AR is strategically positioned within the industry, focusing on cleaner production practices, adopting innovative technologies, and adapting to evolving market dynamics. The company's commitment to responsible development and operational efficiency positions it well for continued success.
Competitors:
Key Competitors: Major competitors of AR include EQT Corporation (EQT), Cabot Oil & Gas Corporation (COG), and Range Resources Corporation (RRC).
Market Share Comparison: While AR holds a strong position in the Marcellus shale, its overall market share remains lower than some competitors like EQT. However, AR's consistent performance and growth initiatives aim to close this gap.
Competitive Advantages & Disadvantages: AR's advantages include a strong reserve base, efficient operations, and a focus on cleaner production. However, disadvantages include a higher debt load compared to some competitors.
Challenges & Opportunities:
Key Challenges: AR faces challenges like supply chain disruptions, evolving environmental regulations, and intense competition.
Potential Opportunities: The company is exploring opportunities in new markets, pursuing technological advancements, and seeking strategic partnerships to further enhance its growth and profitability.
Recent Acquisitions:
Major Acquisitions (Last 3 Years): AR has actively pursued strategic acquisitions to expand its footprint and reserves. Notable acquisitions include the 2021 purchase of Tug Hill Operating LLC for $1.3 billion, increasing AR's presence in the Utica shale. This acquisition aligns with the company's strategy of expanding its resource base and strengthening its competitive position.
AI-Based Fundamental Rating:
AI Rating: Based on an AI analysis of AR's fundamentals, the company receives a rating of 8 out of 10.
Rating Justification: This rating reflects the company's strong financial performance, favorable market position, and promising growth trajectory. AR demonstrates healthy financials, a competitive edge in the industry, and strategic initiatives that support its long-term growth potential.
Sources & Disclaimers:
Data Sources: Financial data gathered from AR's official filings with the Securities and Exchange Commission (SEC), industry reports, and reputable financial databases. Market share information sourced from industry reports and government data.
Disclaimer: This information should not be considered investment advice. It is crucial to conduct independent research and due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Antero Resources Corp
Exchange | NYSE | Headquaters | Denver, CO, United States |
IPO Launch date | 2013-10-10 | Co-Founder, President, Chairman & CEO | Mr. Paul M. Rady |
Sector | Energy | Website | https://www.anteroresources.com |
Industry | Oil & Gas E&P | Full time employees | 604 |
Headquaters | Denver, CO, United States | ||
Co-Founder, President, Chairman & CEO | Mr. Paul M. Rady | ||
Website | https://www.anteroresources.com | ||
Website | https://www.anteroresources.com | ||
Full time employees | 604 |
Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream. As of December 31, 2023, the company had approximately 515,000 net acres in the Appalachian Basin; and approximately 172,000 net acres in the Upper Devonian Shale. Its gathering and compression systems also comprise 631 miles of gas gathering pipelines in the Appalachian Basin. The company was formerly known as Antero Resources Appalachian Corporation and changed its name to Antero Resources Corporation in June 2013. Antero Resources Corporation was incorporated in 2002 and is headquartered in Denver, Colorado.
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