| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 4/6 |
| Past Performance | 0/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
AR Stock Overview
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.
Antero Resources Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$32.28 |
| 52 Week High | US$39.24 |
| 52 Week Low | US$10.91 |
| Beta | 3.74 |
| 1 Month Change | -8.50% |
| 3 Month Change | 60.28% |
| 1 Year Change | 172.64% |
| 3 Year Change | 323.62% |
| 5 Year Change | 45.14% |
| Change since IPO | -37.94% |
Recent News & Updates
Antero Has Massive Inflation Beating Resources
We are bombarded with news about cost price inflation and the Fed's coming attempts to stifle it. Antero Resources, AR, gives us other ways to beat that inflation - by outflating it with investment in AR shares. In the 2 years since I bought into AR, my investment is up over 1,300%. US inflation is up around 8.5%. I see many reasons why AR will be up another 75% by year-end. The FOMC forecast for US year-end inflation is 4.3%. One reason being Europe's natural gas prices recently hitting a high equivalent to oil prices at $600 per barrel.
Shareholder Returns
| AR | US Oil and Gas | US Market | |
|---|---|---|---|
| 7D | -12.7% | -3.5% | -2.5% |
| 1Y | 172.6% | 47.7% | -10.4% |
Return vs Industry: AR exceeded the US Oil and Gas industry which returned 47.7% over the past year.
Return vs Market: AR exceeded the US Market which returned -10.4% over the past year.
Price Volatility
| AR volatility | |
|---|---|
| AR Average Weekly Movement | 7.7% |
| Oil and Gas Industry Average Movement | 8.5% |
| Market Average Movement | 7.8% |
| 10% most volatile stocks in US Market | 16.7% |
| 10% least volatile stocks in US Market | 2.8% |
Stable Share Price: AR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: AR's weekly volatility (8%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2002 | 519 | Paul Rady | https://www.anteroresources.com |
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, 2021, it had approximately 502,000 net acres in the Appalachian Basin; and 174,000 net acres in the Upper Devonian Shale. The company also owned and operated 494 miles of gas gathering pipelines in the Appalachian Basin; and 21 compressor stations.
Antero Resources Fundamentals Summary
| AR fundamental statistics | |
|---|---|
| Market Cap | US$10.04b |
| Earnings (TTM) | -US$327.82m |
| Revenue (TTM) | US$6.93b |
1.4x
P/S Ratio-30.6x
P/E RatioIs AR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| AR income statement (TTM) | |
|---|---|
| Revenue | US$6.93b |
| Cost of Revenue | US$2.03b |
| Gross Profit | US$4.90b |
| Other Expenses | US$5.23b |
| Earnings | -US$327.82m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | -1.05 |
| Gross Margin | 70.75% |
| Net Profit Margin | -4.73% |
| Debt/Equity Ratio | 34.2% |
How did AR perform over the long term?
See historical performance and comparisonValuation
Is Antero Resources undervalued compared to its fair value and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
22.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AR ($32.28) is trading below our estimate of fair value ($41.57)
Significantly Below Fair Value: AR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AR is unprofitable, so we can't compare its PE Ratio to the US Oil and Gas industry average.
PE vs Market: AR is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AR is good value based on its PB Ratio (1.8x) compared to the US Oil and Gas industry average (2x).
Future Growth
How is Antero Resources forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Future Growth Score
4/6Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
12.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).
Earnings vs Market: AR is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: AR's is expected to become profitable in the next 3 years.
Revenue vs Market: AR's revenue is expected to decline over the next 3 years (-2.4% per year).
High Growth Revenue: AR's revenue is forecast to decline over the next 3 years (-2.4% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AR's Return on Equity is forecast to be high in 3 years time (25%)
Past Performance
How has Antero Resources performed over the past 5 years?
Past Performance Score
0/6Past Performance Score 0/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-37.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AR is currently unprofitable.
Growing Profit Margin: AR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: AR is unprofitable, and losses have increased over the past 5 years at a rate of 37% per year.
Accelerating Growth: Unable to compare AR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: AR is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (86.4%).
Return on Equity
High ROE: AR has a negative Return on Equity (-5.55%), as it is currently unprofitable.
Financial Health
How is Antero Resources's financial position?
Financial Health Score
4/6Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: AR's short term assets ($724.8M) do not cover its short term liabilities ($2.6B).
Long Term Liabilities: AR's short term assets ($724.8M) do not cover its long term liabilities ($5.5B).
Debt to Equity History and Analysis
Debt Level: AR's net debt to equity ratio (34.1%) is considered satisfactory.
Reducing Debt: AR's debt to equity ratio has reduced from 57.9% to 34.2% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable AR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: AR is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 53.7% per year.
Dividend
What is Antero Resources's current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
1.18%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate AR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate AR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if AR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AR's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as AR has not reported any payouts.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.9yrs
Average management tenure
CEO
Paul Rady (67 yo)
19.92yrs
Tenure
US$6,456,142
Compensation
Mr. Paul M. Rady serves as Chief Executive Officer of TEP Rocky Mountain LLC. He serves as Chief Executive Officer and Chairman at Antero Midstream Corporation since March 2019 and its Director since 2019....
CEO Compensation Analysis
Compensation vs Market: Paul's total compensation ($USD6.46M) is below average for companies of similar size in the US market ($USD13.26M).
Compensation vs Earnings: Paul's compensation has increased whilst the company is unprofitable.
Leadership Team
Experienced Management: AR's management team is considered experienced (3.9 years average tenure).
Board Members
Experienced Board: AR's board of directors are considered experienced (5.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AR insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Antero Resources Corporation's employee growth, exchange listings and data sources
Key Information
- Name: Antero Resources Corporation
- Ticker: AR
- Exchange: NYSE
- Founded: 2002
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Implied Market Cap: US$10.042b
- Shares outstanding: 311.09m
- Website: https://www.anteroresources.com
Number of Employees
Location
- Antero Resources Corporation
- 1615 Wynkoop Street
- Denver
- Colorado
- 80202
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/05/15 00:00 |
| End of Day Share Price | 2022/05/13 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.