AR Stock Summary and Trading Ideas (Antero Resources | NYSE:AR)

Antero Resources, based in Denver, engages in the exploration for and production of natural gas and natural gas liquids in the United States and Canada. At the end of 2021, the company reported proven reserves of 17.7 trillion cubic feet of natural gas equivalent. Production averaged approximately 3,268 million cubic feet of equivalent a day in 2021 at a ratio of 31% liquids and 69% natural gas.

Antero Resources trades on the NYSE stock market under the symbol AR.

As of February 3, 2023, AR stock price declined to $27.48 with 5,578,426 million shares trading.

AR has a beta of 1.06, meaning it tends to be more sensitive to market movements. AR has a correlation of 0.13 to the broad based SPY ETF.

AR has a market cap of $8.25 billion. This is considered a Mid Cap stock.

Last quarter Antero Resources reported $2 billion in Revenue and $1.63 earnings per share. This beat revenue expectation by $95 million and missed earnings estimates by -$.27.

In the last 3 years, AR stock traded as high as $48.80 and as low as $.64.

The top ETF exchange traded funds that AR belongs to (by Net Assets): IJH, VTI, VB, VBR, VXF.

AR has outperformed the market in the last year with a return of +31.5%, while the SPY ETF lost -6.3%. However, in the most recent history, AR shares have underperformed the stock market with its stock returning -22.4% in the last 3 month period and -6.5% for the last 2 week period, while SPY has returned +11.6% and +4.2%, respectively.

AR support price is $27.35 and resistance is $28.95 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AR stock will trade within this expected range on the day.