Antero Resources Corp (AR)
Antero Resources Corporation, an independent oil and natural gas company, acquires, explores, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. The company is headquartered in Denver, Colorado.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 23.93% per annum.
- AR price at the close of May 14, 2024 was $33.97 and was higher than the top border of the primary price channel by $6.56 (23.95%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 360.50% per annum.
- AR price at the close of May 14, 2024 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of AR price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: March 23, 2022
End date: March 21, 2024
a = 4.4015
b = -0.0007
s = 0.1389
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0007) – 1
= -23.93%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1389) – 1
= 74.32%
March 23, 2022 calculations
Top border of price channel:
Exp(Y720)
= Exp(a + b × X720 + 2 × s)
= Exp(a + b × 1,043 + 2 × s)
= Exp(4.4015 + -0.0007 × 1,043 + 2 × 0.1389)
= Exp(3.8976)
= $49.28
Bottom border of price channel:
Exp(Y720)
= Exp(a + b × X720 – 2 × s)
= Exp(a + b × 1,043 – 2 × s)
= Exp(4.4015 + -0.0007 × 1,043 – 2 × 0.1389)
= Exp(3.3419)
= $28.27
March 21, 2024 calculations
Top border of price channel:
Exp(Y1,221)
= Exp(a + b × X1,221 + 2 × s)
= Exp(a + b × 1,772 + 2 × s)
= Exp(4.4015 + -0.0007 × 1,772 + 2 × 0.1389)
= Exp(3.3512)
= $28.54
Bottom border of price channel:
Exp(Y1,221)
= Exp(a + b × X1,221 – 2 × s)
= Exp(a + b × 1,772 – 2 × s)
= Exp(4.4015 + -0.0007 × 1,772 – 2 × 0.1389)
= Exp(2.7955)
= $16.37
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 23.93% per annum.
- AR price at the close of May 14, 2024 was $33.97 and was higher than the top border of the primary price channel by $6.56 (23.95%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: January 16, 2024
End date: May 14, 2024
a = -4.1031
b = 0.0042
s = 0.0406
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0042) – 1
= 360.50%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0406) – 1
= 17.63%
January 16, 2024 calculations
Top border of price channel:
Exp(Y1,175)
= Exp(a + b × X1,175 + 2 × s)
= Exp(a + b × 1,707 + 2 × s)
= Exp(-4.1031 + 0.0042 × 1,707 + 2 × 0.0406)
= Exp(3.1200)
= $22.65
Bottom border of price channel:
Exp(Y1,175)
= Exp(a + b × X1,175 – 2 × s)
= Exp(a + b × 1,707 – 2 × s)
= Exp(-4.1031 + 0.0042 × 1,707 – 2 × 0.0406)
= Exp(2.9577)
= $19.25
May 14, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(-4.1031 + 0.0042 × 1,826 + 2 × 0.0406)
= Exp(3.6179)
= $37.26
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-4.1031 + 0.0042 × 1,826 – 2 × 0.0406)
= Exp(3.4556)
= $31.68
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 360.50% per annum.
- AR price at the close of May 14, 2024 was inside the secondary price channel.