(AR) Antero Resources - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US03674X1063

Natural Gas, Natural Gas Liquids, Oil, Midstream Infrastructure

Stock: Oil & Gas Exploration & Production
Age 12.3y

MCap 9,980m
Avg Vol 5.31M (175M USD)

Beta 1.109
Volatility 39.16%

EPS (Earnings per Share)

EPS CAGR: -25.17%
EPS Trend: -49.5%

Last SUE: -2.80
Qual. Beats: 0

Revenue

Rev. CAGR: -12.07%
Rev. Trend: -63.7%

Last SUE: -0.02
Qual. Beats: 0

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	39.2%
Value at Risk 5%th	62.2%
Relative Tail Risk	-3.41%

Reward TTM
Sharpe Ratio	-0.25
Alpha	-30.75
CAGR/Max DD	0.17

Character TTM
Hurst Exponent	0.430
Beta	1.109
Beta Downside	1.619

Drawdowns 3y
Max DD	33.19%
Mean DD	15.80%
Median DD	17.11%

Description: AR Antero Resources January 03, 2026

Antero Resources Corp (NYSE:AR) is an independent U.S. oil and natural-gas producer focused on the Appalachian Basin and the Upper Devonian Shale, where it holds roughly 521,000 net acres and 170,000 net acres respectively.

The firm operates three business segments-Exploration & Production, Marketing, and an equity-method investment in Antero Midstream-and owns about 708 mi of gas-gathering pipelines that support its production footprint.

Key operational metrics (2023) include ≈ 1.5 bcf/d of natural-gas equivalent production, ≈ $1.2 billion of cash flow from operations, and a net debt-to-EBITDA ratio of ~ 2.1×, reflecting a balance between growth capital and financial leverage.

Sector drivers that materially affect AR are U.S. natural-gas price volatility (linked to seasonal heating demand and LNG export capacity), the ongoing shift toward higher-margin NGLs, and the broader capital-intensity of Appalachian shale development.

For a deeper quantitative assessment, you may explore the company’s metrics on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 6.5

Net Income: 547.7m TTM > 0 and > 6% of Revenue
FCF/TA: 0.10 > 0.02 and ΔFCF/TA 5.16 > 1.0
NWC/Revenue: -19.47% < 20% (prev -23.43%; Δ 3.96% < -1%)
CFO/TA 0.12 > 3% & CFO 1.54b > Net Income 547.7m
Net Debt (3.57b) to EBITDA (1.52b): 2.35 < 3
Current Ratio: 0.31 > 1.5 & < 3
Outstanding Shares: last quarter (311.0m) vs 12m ago 0.00% < -2%
Gross Margin: 19.39% > 18% (prev 0.09%; Δ 1930 % > 0.5%)
Asset Turnover: 37.66% > 50% (prev 30.83%; Δ 6.83% > 0%)
Interest Coverage Ratio: 7.97 > 6 (EBITDA TTM 1.52b / Interest Expense TTM 88.6m)

Altman Z'' 0.54

A: -0.07 (Total Current Assets 427.8m - Total Current Liabilities 1.39b) / Total Assets 12.91b
B: 0.12 (Retained Earnings 1.49b / Total Assets 12.91b)
C: 0.05 (EBIT TTM 706.2m / Avg Total Assets 13.07b)
D: 0.28 (Book Value of Equity 1.49b / Total Liabilities 5.39b)
Altman-Z'' Score: 0.54 = B

Beneish M -3.38

DSRI: 0.95 (Receivables 394.0m/345.3m, Revenue 4.92b/4.08b)
GMI: 0.46 (GM 19.39% / 8.98%)
AQI: 1.18 (AQ_t 0.02 / AQ_t-1 0.02)
SGI: 1.21 (Revenue 4.92b / 4.08b)
TATA: -0.08 (NI 547.7m - CFO 1.54b) / TA 12.91b)
Beneish M-Score: -3.38 = AA

ValueRay F-Score (Strict, 0-100) 55.62

1. Piotroski: 6.50pt
2. FCF Yield: 9.65%
3. FCF Margin: 26.56%
4. Debt/Equity: 0.49
5. Debt/Ebitda: 2.35
6. ROIC - WACC: -1.95%
7. RoE: 7.58%
8. Revenue Trend: -63.71%
9. EPS Trend: -49.46%

What is the price of AR shares?

As of January 23, 2026, the stock is trading at USD 34.38 with a total of 6,244,110 shares traded.
Over the past week, the price has changed by +8.18%, over one month by +2.26%, over three months by +7.17% and over the past year by -15.61%.

Is AR a buy, sell or hold?

Antero Resources has received a consensus analysts rating of 3.95. Therefore, it is recommended to buy AR.

Strong Buy: 9
Buy: 5
Hold: 7
Sell: 0
Strong Sell: 1

What are the forecasts/targets for the AR price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	44.3	28.7%
Analysts Target Price	44.3	28.7%
ValueRay Target Price	34.7	1%

AR Fundamental Data Overview January 19, 2026

P/E Trailing = 17.1164
P/E Forward = 10.5708
P/S = 1.993
P/B = 1.3586
P/EG = 0.2752
Revenue TTM = 4.92b USD
EBIT TTM = 706.2m USD
EBITDA TTM = 1.52b USD
Long Term Debt = 1.31b USD (from longTermDebt, last quarter)
Short Term Debt = 509.4m USD (from shortTermDebt, last quarter)
Debt = 3.57b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.57b USD (from netDebt column, last quarter)
Enterprise Value = 13.55b USD (9.98b + Debt 3.57b - (null CCE))
Interest Coverage Ratio = 7.97 (Ebit TTM 706.2m / Interest Expense TTM 88.6m)
EV/FCF = 10.37x (Enterprise Value 13.55b / FCF TTM 1.31b)
FCF Yield = 9.65% (FCF TTM 1.31b / Enterprise Value 13.55b)
FCF Margin = 26.56% (FCF TTM 1.31b / Revenue TTM 4.92b)
Net Margin = 11.13% (Net Income TTM 547.7m / Revenue TTM 4.92b)
Gross Margin = 19.39% ((Revenue TTM 4.92b - Cost of Revenue TTM 3.97b) / Revenue TTM)
Gross Margin QoQ = 13.69% (prev 20.15%)
Tobins Q-Ratio = 1.05 (Enterprise Value 13.55b / Total Assets 12.91b)
Interest Expense / Debt = 0.51% (Interest Expense 18.2m / Debt 3.57b)
Taxrate = 33.60% (43.3m / 128.9m)
NOPAT = 468.9m (EBIT 706.2m * (1 - 33.60%))
Current Ratio = 0.31 (Total Current Assets 427.8m / Total Current Liabilities 1.39b)
Debt / Equity = 0.49 (Debt 3.57b / totalStockholderEquity, last quarter 7.35b)
Debt / EBITDA = 2.35 (Net Debt 3.57b / EBITDA 1.52b)
Debt / FCF = 2.73 (Net Debt 3.57b / FCF TTM 1.31b)
Total Stockholder Equity = 7.22b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.19% (Net Income 547.7m / Total Assets 12.91b)
RoE = 7.58% (Net Income TTM 547.7m / Total Stockholder Equity 7.22b)
RoCE = 8.28% (EBIT 706.2m / Capital Employed (Equity 7.22b + L.T.Debt 1.31b))
RoIC = 5.50% (NOPAT 468.9m / Invested Capital 8.52b)
WACC = 7.45% (E(9.98b)/V(13.55b) * Re(10.0%) + D(3.57b)/V(13.55b) * Rd(0.51%) * (1-Tc(0.34)))
Discount Rate = 10.0% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.15%
[DCF Debug] Terminal Value 81.36% ; FCFF base≈1.05b ; Y1≈1.15b ; Y5≈1.47b
Fair Price DCF = 80.63 (EV 28.45b - Net Debt 3.57b = Equity 24.88b / Shares 308.5m; r=7.45% [WACC]; 5y FCF grow 11.23% → 2.90% )
EPS Correlation: -49.46 | EPS CAGR: -25.17% | SUE: -2.80 | # QB: 0
Revenue Correlation: -63.71 | Revenue CAGR: -12.07% | SUE: -0.02 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.72 | Chg30d=-0.061 | Revisions Net=-5 | Analysts=13
EPS next Year (2026-12-31): EPS=3.64 | Chg30d=-0.200 | Revisions Net=+3 | Growth EPS=+101.0% | Growth Revenue=+22.2%

Additional Sources for AR Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle