DB:7A6

Stock Analysis Report

Antero Resources

Executive Summary

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.

Snowflake

Fundamentals

Proven track record and fair value.


Similar Companies

Share Price & News

How has Antero Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-9.7%

7A6

0.4%

DE Oil and Gas

2.4%

DE Market


1 Year Return

-84.5%

7A6

48.6%

DE Oil and Gas

4.9%

DE Market

Return vs Industry: 7A6 underperformed the German Oil and Gas industry which returned 48.6% over the past year.

Return vs Market: 7A6 underperformed the German Market which returned 4.9% over the past year.


Shareholder returns

7A6IndustryMarket
7 Day-9.7%0.4%2.4%
30 Day-34.9%3.4%2.3%
90 Day-49.3%10.6%2.7%
1 Year-84.5%-84.5%53.5%48.6%8.2%4.9%
3 Year-90.4%-90.4%39.5%26.2%18.3%8.0%
5 Year-94.0%-94.0%161.3%120.5%44.2%24.6%

Price Volatility Vs. Market

How volatile is Antero Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Antero Resources undervalued compared to its fair value and its price relative to the market?

1.07x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 7A6's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 7A6's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 7A6 is good value based on its PE Ratio (1.1x) compared to the Oil and Gas industry average (9.5x).

PE vs Market: 7A6 is good value based on its PE Ratio (1.1x) compared to the German market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: 7A6's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: 7A6 is good value based on its PB Ratio (0.1x) compared to the DE Oil and Gas industry average (1.1x).


Next Steps

Future Growth

How is Antero Resources forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

-86.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 7A6's earnings are forecast to decline over the next 3 years (-86.9% per year).

Earnings vs Market: 7A6's earnings are forecast to decline over the next 3 years (-86.9% per year).

High Growth Earnings: 7A6's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 7A6's revenue (3.2% per year) is forecast to grow slower than the German market (5% per year).

High Growth Revenue: 7A6's revenue (3.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 7A6 is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Antero Resources performed over the past 5 years?

-12.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 7A6 has become profitable over the past 5 years, growing earnings by -12.8% per year.

Accelerating Growth: 7A6's earnings growth over the past year (223.5%) exceeds its 5-year average (-12.8% per year).

Earnings vs Industry: 7A6 earnings growth over the past year (223.5%) exceeded the Oil and Gas industry 4.1%.


Return on Equity

High ROE: 7A6's Return on Equity (12.1%) is considered low.


Return on Assets

ROA vs Industry: 7A6 has a higher Return on Assets than the Oil and Gas industry average last year.


Return on Capital Employed

ROCE Improving: 7A6's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Antero Resources's financial position?


Financial Position Analysis

Short Term Liabilities: 7A6's short term assets ($713.0M) do not cover its short term liabilities ($1.2B)

Long Term Liabilities: 7A6's short term assets (713.0M) do not cover its long term liabilities (7.8B)


Debt to Equity History and Analysis

Debt Level: 7A6's debt to equity ratio (43.2%) is considered high

Reducing Debt: 7A6's debt to equity ratio has reduced from 95.8% to 43.2% over the past 5 years.

Debt Coverage: 7A6's debt is well covered by operating cash flow (55.5%).

Interest Coverage: 7A6's interest payments on its debt are not well covered by EBIT (0.2x coverage).


Balance Sheet

Inventory Level: 7A6 has a high level of physical assets or inventory.

Debt Coverage by Assets: 7A6's debt is not covered by short term assets (assets are 0.2x debt).


Next Steps

Dividend

What is Antero Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage6.0%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate 7A6's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 7A6's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if 7A6's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 7A6's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 7A6's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

What is the CEO of Antero Resources's salary, the management and board of directors tenure and is there insider trading?

3.8yrs

Average management tenure


CEO

Paul Rady (65yo)

15.4yrs

Tenure

US$8,389,882

Compensation

Mr. Paul M. Rady has been Chairman and Chief Executive Officer of Antero Midstream Partners GP LLC, the General Partner of Antero Midstream Partners LP since April 11, 2017. Mr. Rady has been Chairman and  ...


CEO Compensation Analysis

Compensation vs. Market: Paul's total compensation ($USD8.39M) is about average for companies of similar size in the German market ($USD1.19M).

Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.


Management Age and Tenure

3.8yrs

Average Tenure

60yo

Average Age

Experienced Management: 7A6's management team is considered experienced (3.8 years average tenure).


Board Age and Tenure

6.0yrs

Average Tenure

65yo

Average Age

Experienced Board: 7A6's board of directors are considered experienced (6 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$87,782,21912 Jun 19
Warburg Pincus LLC
EntityCompany
Shares16,094,190
Max PriceUS$5.45
BuyUS$45,10931 May 19
Paul Rady
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares7,750
Max PriceUS$5.82
BuyUS$89,92730 May 19
Paul Rady
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares14,800
Max PriceUS$6.13
BuyUS$89,13728 May 19
Paul Rady
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares14,550
Max PriceUS$6.18
BuyUS$133,97228 May 19
Glen Warren
EntityIndividual
Role
Member of the Board of Directors
Co-Founder
Shares21,900
Max PriceUS$6.12
BuyUS$44,72724 May 19
Paul Rady
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares7,350
Max PriceUS$6.09
BuyUS$156,63424 May 19
Glen Warren
EntityIndividual
Role
Member of the Board of Directors
Co-Founder
Shares25,600
Max PriceUS$6.12
BuyUS$6,18724 May 19
Benjamin Hardesty
EntityIndividual
Role
Lead Director
Lead Director
Shares1,000
Max PriceUS$6.19
BuyUS$44,91222 May 19
Paul Rady
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares7,200
Max PriceUS$6.24
BuyUS$155,24622 May 19
Glen Warren
EntityIndividual
Role
Member of the Board of Directors
Co-Founder
Shares25,000
Max PriceUS$6.21
BuyUS$147,37319 Mar 19
Glen Warren
EntityIndividual
Role
Member of the Board of Directors
Co-Founder
Shares20,000
Max PriceUS$7.37
BuyUS$89,43319 Mar 19
Paul Rady
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares12,200
Max PriceUS$7.33
BuyUS$113,99318 Mar 19
Glen Warren
EntityIndividual
Role
Member of the Board of Directors
Co-Founder
Shares15,000
Max PriceUS$7.60
BuyUS$90,67418 Mar 19
Paul Rady
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares12,000
Max PriceUS$7.56
BuyUS$183,42413 Mar 19
Glen Warren
EntityIndividual
Role
Member of the Board of Directors
Co-Founder
Shares25,000
Max PriceUS$7.34
BuyUS$90,24013 Mar 19
Paul Rady
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares12,239
Max PriceUS$7.37
SellUS$230,35106 Dec 18
Robert Clark
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares20,429
Max PriceUS$11.28
SellUS$11,84621 Nov 18
Benjamin Hardesty
EntityIndividual
Role
Lead Director
Lead Director
Shares1,000
Max PriceUS$11.85
SellUS$180,686,29809 Nov 18
Warburg Pincus LLC
EntityCompany
Shares13,000,000
Max PriceUS$13.90
SellUS$99,75009 Nov 18
Richard Connor
EntityIndividual
Shares6,907
Max PriceUS$14.44

Ownership Breakdown


Management Team

  • Alvyn Schopp (60yo)

    Chief Administrative Officer

    • Tenure: 6.1yrs
    • Compensation: US$2.27m
  • John Giannaula (55yo)

    Vice President of Human Resources & Administration

    • Tenure: 2.8yrs
  • Paul Rady (65yo)

    Co-Founder

    • Tenure: 15.4yrs
    • Compensation: US$8.39m
  • Glen Warren (63yo)

    Co-Founder

    • Tenure: 15.4yrs
    • Compensation: US$4.20m
  • Brian Kuhn (60yo)

    Senior Vice President of Land

    • Tenure: 3.8yrs
  • Michael Kennedy (44yo)

    Senior Vice President of Finance

    • Tenure: 3.8yrs
    • Compensation: US$2.17m
  • Steve Woodward (60yo)

    Senior Vice President of Business Development

    • Tenure: 3.8yrs
  • Diana Hoff

    Vice President of Operations

    • Tenure: 2.3yrs
  • K. Yoo

    VP of Accounting & Chief Accounting Officer

    • Tenure: 5.9yrs
  • Yvette Schultz

    Vice President of Legal & General Counsel

    • Tenure: 2.8yrs

Board Members

  • William Keenan (68yo)

    Independent Director

    • Tenure: 15.8yrs
    • Compensation: US$275.00k
  • Bob Clark (74yo)

    Independent Director

    • Tenure: 6yrs
    • Compensation: US$337.50k
  • Paul Korus (62yo)

    Independent Director

    • Tenure: 0.8yrs
    • Compensation: US$32.96k
  • Paul Rady (65yo)

    Co-Founder

    • Tenure: 15.4yrs
    • Compensation: US$8.39m
  • Glen Warren (63yo)

    Co-Founder

    • Tenure: 15.4yrs
    • Compensation: US$4.20m
  • Tom Tyree (58yo)

    Independent Director

    • Tenure: 0yrs
  • Vicky Sutil (54yo)

    Independent Director

    • Tenure: 0yrs
  • Benjamin Hardesty (69yo)

    Lead Director

    • Tenure: 0.3yrs
    • Compensation: US$322.50k
  • Joyce McConnell (65yo)

    Independent Director

    • Tenure: 1.7yrs
    • Compensation: US$295.00k

Company Information

Antero Resources Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Antero Resources Corporation
  • Ticker: 7A6
  • Exchange: DB
  • Founded: 2002
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: US$794.701m
  • Listing Market Cap: US$713.323m
  • Shares outstanding: 309.22m
  • Website: https://www.anteroresources.com

Number of Employees


Location

  • Antero Resources Corporation
  • 1615 Wynkoop Street
  • Denver
  • Colorado
  • 80202
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ARNYSE (New York Stock Exchange)YesCommon StockUSUSDOct 2013
7A6DB (Deutsche Boerse AG)YesCommon StockDEEUROct 2013

Biography

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 Dec ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 21:23
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.