Antero Resources Corporation (NYSE:AR) Missing on The Revenue Estimates


The AR stock price fluctuated between $12.77 and $13.98 throughout the trading session with the volume trading being 9M shares, which represented a positive variation when compared to the three months average volume of 7M shares.

The share price of Antero Resources Corporation (NYSE:AR) dipped -1.45% to close Thursday’s market session at $13.61, lower as compared to yesterday’s close which brings the market valuation of the company to $4.27B.

The 52-week high for the Antero Resources Corporation’s shares is $15.54. That puts it -12.42% from that peak but still a good gain since the share price dropped to a 52-week low of $2.56, while the S&P 500’s share price change was of 35%.

What does the trading volume tell us about the AR stock?

During the last trading session, Antero Resources Corporation (NYSE:AR) has seen decay in its daily volume. The daily volume was of 7M, while in the last 10 days the average was 5.88M and last three months – 6.54M.
The decreasing interest in the AR stock from the investors is helping to drive the stock price down.

Shrinking short interest

The Antero Resources Corporation’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 24.74M shares being shorted which translates into 3.3 of a short ratio for AR, while in the previous month the shorted shares were 28.37M.

Antero Resources Corporation (NYSE:AR) financials

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 82.50%. The current revenue is of $4.02B that is $14.58 per share.
This is a great sign for a bright future.