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Momentum Stocks Watch: Antero Resources Corp (AR)

-- Sunday, July 26, 2020, 12:10 --

Company Profile:

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, 2019, the company had approximately 451,000 net acres in the southwestern core of the Marcellus Shale; and 91,000 net acres in the core of the Utica Shale. It also owned and operated 324 miles of gas gathering pipelines in the Marcellus Shale; 17 compressor stations in the Marcellus Shale; 110 miles of low-pressure and high-pressure gathering pipelines in the Utica Shale; 8 miles of high-pressure pipelines; and 2 compressor stations in the Utica Shale. The company had estimated proved reserves of 18.9 trillion cubic feet of natural gas equivalent, including 11.5 trillion cubic feet of natural gas; 652 million barrels of assumed recovered ethane; 540 million barrels of primarily propane, isobutane, normal butane, and natural gasoline; and 42 million barrels of oil. The company was formerly known as Antero Resources Appalachian Corporation and changed its name to Antero Resources Corporation in June 2013. Antero Resources Corporation was founded in 2002 and is headquartered in Denver, Colorado.

Recent News:

The Company plans to issue its second quarter 2020 earnings release on Wednesday, July 29, 2020 after the close of trading on the New York Stock Exchange.

On June 15, 2020, the company announced the closing of an overriding royalty interest (“ORRI”) transaction with Sixth Street Partners, LLC (“Sixth Street”), that will result in proceeds to the Company of up to $402 million.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

AR’s strengths can be seen in its strong solvency compared with its peers. Its revenue has increased over recent several years. Technical indicators signal the bullish signs, as there is a bullish crossover in MACD and Stochastic oscillator, the RSI stands at 51.09 with positive bias. We rate Antero Resources Corp (AR) a STRONG BUY.

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