(NYSE:AR) Antero Resources Corp Dips To New 52 Week Low

Antero Resources Corp (NYSE:AR)

May 23rd, 2019

Amidst falling markets Antero Resources Corp finished Thursday’s trading session down 0.14%, a ($0.01) decrease to close on $6.89. As well as the drop in value, Antero Resources Corp hit a new 52 week low of $6.62, breaking the previous low of $6.75 from earlier this month. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 0.50.

AR outperformed the rest of the Energy sector which went down just -3.13% today.

Forecasts from 19 analysts suggest that Antero Resources Corp might grow significantly (73.91%), while Finbox has calculated (with high uncertainty) a fair value price of $5.93.

Market Sectors

The market sectors were mixed Thursday with a majority of the sectors trending down. Utilities saw the biggest increase of the day (0.82%), while the Energy sector saw the biggest drop (-3.13%). Information Technology has seen the biggest year-to-date gain of 19.93%.

Real Estate saw the biggest turn-around compared to its 5-day performance (-0.03%), as it went up by 0.51%. Materials and Financials saw turn-arounds from their five day positive performances with Materials dropping -1.53%.

Sector Breakdown

  • Utilities, up 0.82%.
  • Real Estate, up 0.51%.
  • Consumer Staples, down -0.07%.
  • Healthcare, down -0.37%.
  • Communication Services, down -1.26%.
  • Consumer Discretionary, down -1.34%.
  • Financials, down -1.49%.
  • Materials, down -1.53%.
  • Industrials, down -1.59%.
  • Information Technology, down -1.73%.
  • Energy, down -3.13%.

Antero Resources Corp Info

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold. It also owned and operated 289 miles of gas gathering pipelines in the Marcellus Shale; 17 compressor stations in the Marcellus Shale; 108 miles of low-pressure and high-pressure gathering pipelines in the Utica Shale; 8 miles of high-pressure pipelines; and 2 compressor station in the Utica Shale. The company had estimated proved reserves of 18.0 trillion cubic feet of natural gas equivalent, including 11.4 trillion cubic feet of natural gas; 554 million barrels of ethane; 498 million barrels of primarily propane, isobutane, normal butane, and natural gasoline; and 46 million barrels of oil. 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 founded in 2002 and is headquartered in Denver, Colorado.

All amounts in USD unless otherwise indicated

(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Antero Resources Corp’s score is 0.50) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.

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