Antero Piotroski F Score

AR
 Stock
  

USD 39.59  1.79  4.74%   

This module uses fundamental data of Antero Resources to approximate its Piotroski F score. Antero Resources F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Antero Resources Corp. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Antero Resources financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Please continue to Antero Resources Altman Z Score, Antero Resources Correlation, Antero Resources Valuation, as well as analyze Antero Resources Alpha and Beta and Antero Resources Hype Analysis.
  
Antero Resources Debt Current is relatively stable at the moment as compared to the past year. Antero Resources reported last year Debt Current of 559.85 Million. As of 08/11/2022, Long Term Debt to Equity is likely to grow to 0.58, while Total Debt is likely to drop slightly above 5.5 B. Antero Resources Current Ratio is relatively stable at the moment as compared to the past year. Antero Resources reported last year Current Ratio of 0.33. As of 08/11/2022, EBITDA Margin is likely to grow to 0.21, while PPandE Turnover is likely to drop 0.39.
At this time, it appears that Antero Resources' Piotroski F Score is Healthy. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
5.0
Piotroski F Score - Healthy
1
Current Return On AssetsNegativeFocus
2
Change in Return on AssetsDecreasedFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)ImprovingFocus
5
Asset Turnover GrowthDecreaseFocus
6
Current Ratio ChangeIncreaseFocus
7
Long Term Debt Over Assets ChangeLower LeverageFocus
8
Change In Outstending SharesIncreaseFocus
9
Change in Gross MarginIncreaseFocus

Antero Resources Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Antero Resources is to make sure Antero is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Antero Resources' auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Antero Resources' financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares328.6 M308.1 M
Notably Up
Increasing
Slightly volatile
Weighted Average Shares Diluted328.6 M308.1 M
Notably Up
Increasing
Slightly volatile
Net Cash Flow from Operations1.5 B1.7 B
Moderately Down
Increasing
Slightly volatile
Total Assets14 B13.9 B
Slightly Up
Increasing
Slightly volatile
Total Liabilities7.4 B7.8 B
Notably Down
Increasing
Slightly volatile
Current Assets764.7 M686.1 M
Moderately Up
Increasing
Slightly volatile
Current Liabilities2.2 B2.1 B
Significantly Up
Increasing
Slightly volatile
Total Debt5.5 B5.8 B
Notably Down
Increasing
Slightly volatile
Return on Average Assets(0.0151)(0.014)
Significantly Down
Increasing
Stable
Gross Margin0.470.395
Fairly Up
Decreasing
Slightly volatile
Asset Turnover0.340.347
Fairly Down
Increasing
Slightly volatile

Antero Resources Corp F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Antero Resources' different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Antero Resources in a much-optimized way.

About Antero Resources Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Operating Margin

0.53

Antero Resources Operating Margin is relatively stable at the moment as compared to the past year. Antero Resources reported last year Operating Margin of 0.52

Antero Resources Current Valuation Drivers

We derive many important indicators used in calculating different scores of Antero Resources from analyzing Antero Resources' financial statements. These drivers represent accounts that assess Antero Resources' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Antero Resources' important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee1.04 M(638.07 K)(621.81 K)(2.42 M)(360.11 K)(388.54 K)
Revenue Per Employee6.16 M6.64 M8.06 M6.67 M8.9 M7.37 M
Average Assets15.11 B15.61 B16.48 B13.69 B13.3 B13.91 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA1.42 B735.65 M732.5 M(600.22 M)666.72 M672.12 M
Earnings Before Interest Taxes and Depreciation Amortization USD1.42 B735.65 M732.5 M(600.22 M)666.72 M672.12 M
Earnings before Tax320.02 M(526.37 M)(414.24 M)(1.67 B)(260.98 M)(267.84 M)
Average Equity7.78 B7.95 B7.76 B6.04 B5.47 B6.07 B
Enterprise Value10.49 B8.48 B7.39 B7.29 B12.22 B11.24 B
Free Cash Flow(210.46 M)(128.6 M)(318.7 M)(138.72 M)944.18 M1.02 B
Invested Capital19.3 B20.13 B20.51 B17.65 B17.66 B17.93 B
Invested Capital Average19.23 B20.08 B21.79 B18.58 B17.12 B17.94 B
Market Capitalization6 B2.98 B867.17 M1.46 B5.49 B5.58 B
Tangible Asset Value15.26 B15.52 B15.2 B13.15 B13.9 B14 B
Working Capital70.99 M(46.93 M)(117.25 M)(408.92 M)(1.38 B)(1.42 B)

Antero Resources ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Antero Resources' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Antero Resources' managers, analysts, and investors.
Environment Score
Governance Score
Social Score

About Antero Resources Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Antero Resources Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Antero Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Antero Resources Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 Corporation was founded in 2002 and is headquartered in Denver, Colorado. Antero Resources operates under Oil Gas EP classification in the United States and is traded on New York Stock Exchange. It employs 519 people.

Antero Resources Investors Sentiment

The influence of Antero Resources' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Antero. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Antero Resources' public news can be used to forecast risks associated with investment in Antero. The trend in average sentiment can be used to explain how an investor holding Antero can time the market purely based on public headlines and social activities around Antero Resources Corp. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Antero Resources' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Antero Resources' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Antero Resources' news discussions. The higher the estimate score, the more favorable is the investor's outlook on Antero Resources.

Antero Resources Implied Volatility

    
  63.02  
Antero Resources' implied volatility exposes the market's sentiment of Antero Resources Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Antero Resources' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Antero Resources stock will not fluctuate a lot when Antero Resources' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Antero Resources in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Antero Resources' short interest history, or implied volatility extrapolated from Antero Resources options trading.

Pair Trading with Antero Resources

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Antero Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Antero Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with Antero Resources

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The ability to find closely correlated positions to Antero Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Antero Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Antero Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Antero Resources Corp to buy it.
The correlation of Antero Resources is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Antero Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Antero Resources Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Antero Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Please continue to Antero Resources Altman Z Score, Antero Resources Correlation, Antero Resources Valuation, as well as analyze Antero Resources Alpha and Beta and Antero Resources Hype Analysis. Note that the Antero Resources Corp information on this page should be used as a complementary analysis to other Antero Resources' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

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Is Antero Resources' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Antero Resources. If investors know Antero will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Antero Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
11.53
Market Capitalization
11.4 B
Quarterly Revenue Growth YOY
0.88
Return On Assets
0.0661
Return On Equity
0.17
The market value of Antero Resources Corp is measured differently than its book value, which is the value of Antero that is recorded on the company's balance sheet. Investors also form their own opinion of Antero Resources' value that differs from its market value or its book value, called intrinsic value, which is Antero Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Antero Resources' market value can be influenced by many factors that don't directly affect Antero Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Antero Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine Antero Resources value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Antero Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.