Antero Resources Corporation (AR) saw a big move last session, as the company’s shares fell by nearly 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for AR, as the stock is now down over 30% since Nov 12.
This slump shouldn’t be too much of a surprise to investors, as the oil and natural gas company has seen 4 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
AR currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the Oil- US Export and Production sector include Sandridge Mississippian Trust II (SDR), Atlas Resource Partners, L.P. (ARP) and Cheniere Energy, Inc. (LNG). While Sandridge Mississippian Trust II carry a Zacks Rank #1 (Strong Buy), Atlas Resource Partners and Cheniere Energy hold a Zacks Rank #2 (Buy).
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