AR - Antero Resources Corporation

NYSE - NYSE Delayed Price. Currency in USD
+0.0700 (+1.98%)
At close: 4:04PM EDT
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Previous Close3.5400
Bid3.5700 x 1100
Ask3.6300 x 2200
Day's Range3.3750 - 3.7400
52 Week Range2.7800 - 20.2100
Avg. Volume10,428,539
Market Cap1.116B
Beta (3Y Monthly)0.74
PE Ratio (TTM)1.52
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • Moody's

    Antero Midstream Partners LP -- Moody's announces completion of a periodic review of ratings of Antero Midstream Partners LP

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Antero Midstream Partners LP and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Oil Rally Continues As Bulls Gain Confidence

    Oil Rally Continues As Bulls Gain Confidence

    The shakeup within Saudi Arabia’s oil and gas industry has added to bullish sentiment over the past week, but the surprise firing of John Bolton may soon change that

  • WeWork Mystery: Who Owns 75% of Its Junk Bonds?

    WeWork Mystery: Who Owns 75% of Its Junk Bonds?

    (Bloomberg Opinion) -- To get a sense of how the market feels about the day-to-day drama coming out of WeWork, investors have little choice but to turn to its bonds.After all, the company has no publicly traded shares — and, if the latest twist in its saga is to be believed, that might be the case for longer than anticipated. Executives of WeWork and its largest investor, SoftBank Group Corp., are discussing whether to shelve plans for an initial public offering, people with knowledge of the talks told Bloomberg News. On top of that, the office-rental company may rely on junk bonds for funding for the foreseeable future or even explore a whole-business securitization, a WeWork executive said, according to a person familiar with the matter.Not surprisingly, WeWork’s junk bonds are tumbling. They fell below 100 cents on the dollar on Tuesday for the first time since the company filed to go public last month, with both the number of trades and overall volume reaching the highest in about a month. While a dip below face value doesn’t inherently spell doom, it’s nevertheless a sign that the bad news is starting to take its toll on investors.But here’s the mystery: Who exactly are those investors?We know who holds about 25% of WeWork’s $669 million in high-yield debt due 2025 because Bloomberg aggregates data from the most recent public filings. So, for instance, Lord Abbett & Co. held about $43.8 million as of May 31, or about 6.5%. The second-largest holder is Allianz SE, which includes funds from Pacific Investment Management Co.; grouped together, it owns about $21 million, or a bit more than 3%. Three State Street Corp. exchange-traded funds hold a combined $9.6 million, or 1.44%. In the period through July 31, funds from TIAA-CREF and Ameriprise Financial Inc. pared back their exposure. Still, that’s far from a complete picture. Only knowing who owns 25% of a company’s bonds is minuscule, even for the high-yield market. WeWork makes up about 0.05% of the Bloomberg Barclays U.S. Corporate High Yield Index. Here’s a sampling of other debt with nearly identical weightings and comparable maturities, and how much of its ownership is public:Lamar Media Corp. bond maturing in 2026: 47% known Seven Generations Energy bond maturing in 2025: 72% known J2 Global bond maturing in 2025: 51% known Navient Corp. bond maturing in 2021: 57% known Antero Resources Corp. bond maturing in 2023: 67% known CVR Partners LP bond maturing in 2023: 64% knownSuffice it to say, bonds in the high-yield index with lower publicly reported ownership than WeWork are few and far between. So if active money managers, ETFs, pensions(1) and life insurers make up only a quarter of investors, who else is left?  Hedge funds would be a likely place to start looking. WeWork’s bond matures in less than six years and offers a yield of more than 8%. (At the height of the rally last month, it yielded closer to 7%.) The Bloomberg Barclays high-yield index has a comparable average maturity of 5.76 years, but its yield is just 5.6%. There’s been no indication that SoftBank and its affiliates own any of the securities, but they do own about 29% of WeWork stock, which shows just how much the Japanese conglomerate has riding on the company’s success. Opportunistic investors appear to have jumped into WeWork’s bond at least twice this year. The bond soared after the company’s April 29 announcement that it filed paperwork confidentially with the Securities and Exchange Commission to hold an IPO and then again after it filed its S-1 prospectus in August. As I wrote in May, an IPO could give WeWork a cash injection that ought to cover interest for a while. It would also give bondholders a layer of protection in the capital structure because public shareholders would take the biggest hit if WeWork fizzles.These big investors, whoever they may be, can’t be feeling too comfortable right now, given the state of the IPO. As for We Co., the parent of WeWork, becoming a regular presence in the capital markets, I’ll just say this: It’s one thing to be Netflix Inc. — whose stock price has more than doubled since the start of 2017 — and tap the high-yield bond market again and again (its bonds maturing in 2026 have 73.5% public ownership). It’s quite another to be WeWork, given that its IPO range could wind up closer to $20 billion, compared with the $47 billion valuation it had earlier this year. There is no shortage of investors, analysts and commentators who see WeWork as the height of market folly. It’s a company with an unusual corporate structure and a business model that seems destined to implode when the economic cycle turns.So far, the bond market isn’t convinced that WeWork is about to crash and burn. That is, if anyone can trust trading among investors who are largely unknown.(1) The California Public Employees' Retirement System, or Calpers, held about $2.6 million of the bond as of June 30, data compiled by Bloomberg show. It's possible other pension funds don't disclose such precise figures.To contact the author of this story: Brian Chappatta at bchappatta1@bloomberg.netTo contact the editor responsible for this story: Daniel Niemi at dniemi1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brian Chappatta is a Bloomberg Opinion columnist covering debt markets. He previously covered bonds for Bloomberg News. He is also a CFA charterholder.For more articles like this, please visit us at©2019 Bloomberg L.P.

  • Why Antero Resources Stock Is Slumping Today
    Motley Fool

    Why Antero Resources Stock Is Slumping Today

    An analyst doesn’t think much of the natural gas stock’s valuation.

  • Why Oil and Gas Stocks Are Popping Today
    Motley Fool

    Why Oil and Gas Stocks Are Popping Today

    The oil market is in rally mode today.


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    6 Seth Klarman Stocks With Low Price-Earnings Ratios

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  • Why Oil Stocks Are Up Big Today
    Motley Fool

    Why Oil Stocks Are Up Big Today

    Some bullish data is fueling a big rally in the oil market.

  • The Truth About Market Timing - August 28, 2019

    The Truth About Market Timing - August 28, 2019

    In the long-run, does consistent market timing really matter to be a successful investor?

  • This Natural Gas Stock Has a Weird Solution to Its Current Problem
    Motley Fool

    This Natural Gas Stock Has a Weird Solution to Its Current Problem

    Antero Resources plans to satisfy its pipeline commitments so that it can deliver maximum free cash flow in the future.


    Yorktown Energy Partners VI LP Buys Antero Resources Corp

    Investment company Yorktown Energy Partners VI LP (Current Portfolio) buys Antero Resources Corp during the 3-months ended 2019Q2, according to the most recent filings of the investment company, Yorktown Energy Partners VI LP. Continue reading...

  • Antero Midstream Approves $300-Million Share Repurchase Plan

    Antero Midstream Approves $300-Million Share Repurchase Plan

    Antero Midstream (AM) is aiming at a high single-digit rate of return of capital growth for its shareholders in 2020.


    [video]Why You Should Buy Pipeline Stock Antero Midstream

    Antero Midstream is a victim of guilt by association, and investors should consider taking advantage. "This a very high-quality company," says Adam Johnson, a former professional oil trader and founder of the Bullseye Brief financial newsletter. Energy prices haven't exactly been robust and pipelines are getting slammed simply for being in the same business.

  • Simple Market Timing Strategies That Work - August 09, 2019

    Simple Market Timing Strategies That Work - August 09, 2019

    Have you ever dreamed of being that one in a million investor who has the talent to perfectly time the markets?

  • Colorado natural gas company wins $60M federal appeal against New Jersey utility
    American City Business Journals

    Colorado natural gas company wins $60M federal appeal against New Jersey utility

    Antero Resources Corp., a Denver-based natural gas producer, won a federal appeal Tuesday in a $60 million lawsuit over what a New Jersey utility owed it for natural gas. A three-judge panel from the Denver-based 10th Circuit U.S. Court of Appeals, in a ruling written by Chief Judge Timothy Tymkovich, sided with a lower court in Colorado that found South Jersey Gas Co. underpaid and broke an eight-year contract with Antero Resources (NYSE: AR). The contract covered natural gas transported between 2011 and October, 2019 from Antero’s operations in the Marcellus shale formations in West Virginia to the nearby Columbia Pipeline.

  • Antero Resources (AR) Q2 Earnings Miss on Lower Gas Prices

    Antero Resources (AR) Q2 Earnings Miss on Lower Gas Prices

    Antero Resources' (AR) second-quarter results are affected by higher operating expenses and lower realized commodity prices.

  • Thomson Reuters StreetEvents

    Edited Transcript of AR earnings conference call or presentation 1-Aug-19 3:00pm GMT

    Q2 2019 Antero Resources Corp Earnings Call

  • Why Antero Resources Stock Tumbled Nearly 15% in July
    Motley Fool

    Why Antero Resources Stock Tumbled Nearly 15% in July

    The natural gas driller had a tough month.

  • Antero Resources Corporation (AR) Q2 2019 Earnings Call Transcript
    Motley Fool

    Antero Resources Corporation (AR) Q2 2019 Earnings Call Transcript

    AR earnings call for the period ending June 30, 2019.

  • Only Natural Gas Prices Can Save Southwestern Energy Stock

    Only Natural Gas Prices Can Save Southwestern Energy Stock

    By any fundamental measure, Southwestern Energy (NYSE:SWN) looks ridiculously undervalued. Based on consensus 2019 EPS of $0.67, the Southwestern Energy stock price is just 3.3x earnings. Asset-based valuations, too, look favorable: Southwestern Energy trades at just 0.4x tangible book value.Of course, the reason SWN stock looks so cheap is not that earnings or book value are growing. Rather, the price keeps dropping. Southwestern Energy stock touched a 15-year low last week. Even after a bounce driven by either short-covering, bottom-timers, or both, shares still have fallen 56% over the past year. They've lost nearly 95% of their value in the last five years.InvestorPlace - Stock Market News, Stock Advice & Trading TipsShareholders and traders might see next week's earnings report as a chance for SWN stock to reverse that trend. That seems unlikely to happen. There is an interesting case for Southwestern Energy stock at these levels, as a high-risk play. But SWN stock hasn't fallen because of earnings, and it's not likely to rise because of them, either. * 7 A-Rated Stocks Under $10 The Natural Gas Problem for Southwestern Energy StockThe problem for SWN is reasonably simple: natural gas prices are plunging. Futures hit a 3-year low last month. Henry Hub spot prices are flirting with decade-long lows reached in early 2016.And as a producer leveraged mostly to those natural gas prices, Southwestern Energy is going to feel the pressure. The stock is cheap looking at 2019 (and 2018) earnings, but that's not what drives the valuation of a stock. It's forward-looking performance that matters, and right now the market sees pressure continuing for some time to come.Indeed, the declines of late aren't confined to SWN. Antero Resources (NYSE:AR) has performed even more poorly over the past year. Range Resources (NYSE:RRC) has been worse over the past three. Larger gas-heavy plays like QEP Resources (NYSE:QEP) and EQT Corporation (NYSE:EQT) have declined sharply as well, showing that even greater scale can't offset lower prices.To be sure, those companies haven't helped their cause, either. Shale players in the U.S., until recently, focused on drilling over profits. As former EQT CEO Steve Schlotterbeck argued last month, the fracking revolution has "been an unmitigated disaster for any buy-and-hold investor in the shale gas industry with very few limited exceptions."Like gold miners, producers theoretically should have the leverage to affect underlying commodity prices. Like gold miners, the effect in practice has been even worse. The Earnings Problem for SWN StockOne quarter simply isn't going to fix that problem for Southwestern Energy. There's a clear lack of trust toward the space. Investors have fled shale gas plays in recent months: SWN has declined by more than half just since mid-April.And even an earnings beat relative to the consensus EPS estimate of $0.10 is unlikely to fix that. Again, earnings are backward-looking; stock prices are forward-looking. Investors see more pressure ahead.Most notably, the natural gas currently being "flared" likely will join the supply once pipeline capacity is put into place. That could force shale gas plays to either pull back on production or face even lower prices.Investors expecting too much from earnings should look at Southwestern Energy's recent history. The stock in fact has beaten consensus EPS expectations in five of the last six quarters. It's obviously done nothing to stop the decline in Southwestern Energy stock. The Case for Timing the BottomEven if earnings are unlikely to be the catalyst, there is a case for SWN stock in the low $2 range. Any optimism toward natural gas can lead to a rally; indeed, modest gains in the commodity led to a nice rally in the past few sessions.After the company's sale of its acreage in the Fayetteville Shale, the balance sheet is in reasonably good shape. The declines aren't necessarily over, but traders and more aggressive investors could bet on a bounce here.I'm not ready to take that bet quite yet, though. We've seen with stocks like Chesapeake Energy (NYSE:CHK) that even "cheap" energy stocks can fall further. Natural gas supply pressure seems unlikely to abate. It might seem like the worst is over for Southwestern Energy, but that's likely not the case.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 A-Rated Stocks Under $10 * 8 Monthly Dividend Stocks to Buy for Consistent Income * 7 Disruptive Biotech Stocks to Buy for 2025 The post Only Natural Gas Prices Can Save Southwestern Energy Stock appeared first on InvestorPlace.

  • These 3 Numbers Hint at a Bright Future for This Natural Gas Stock
    Motley Fool

    These 3 Numbers Hint at a Bright Future for This Natural Gas Stock

    Antero Resources' second-quarter results show that it’s heading in the right direction.


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  • Antero Resources (AR) Reports Q2 Loss, Tops Revenue Estimates

    Antero Resources (AR) Reports Q2 Loss, Tops Revenue Estimates

    Antero Resources (AR) delivered earnings and revenue surprises of -90.91% and 30.09%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Analysts Estimate Antero Resources (AR) to Report a Decline in Earnings: What to Look Out for

    Analysts Estimate Antero Resources (AR) to Report a Decline in Earnings: What to Look Out for

    Antero Resources (AR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Will Natural Gas Prices Rise Based on EIA Data?
    Market Realist

    Will Natural Gas Prices Rise Based on EIA Data?

    Any rise less than ~42 Bcf could cause the inventories spread to expand more into the negative territory—a positive development for natural gas prices.