Stocks That Fell to 3-Year Lows in the Week of December 8

Antero Resources Corp. (AR), Brixmor Property Group Inc. (BRX), Range Resources Corp. (RRC) and Tahoe Resources Inc. (TAHO) have declined to their respective three-year lows

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Dec 10, 2017
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Antero Resources Corp. (AR, Financial), Brixmor Property Group Inc. (BRX, Financial), Range Resources Corp. (RRC, Financial), and Tahoe Resources Inc. (TAHO, Financial) have declined to their three-year lows.

Antero Resources Corp. (AR, Financial) declined to $18.23

The prices of Antero Resources Corp. (AR, Financial) shares have declined to $18.23 on Dec. 8, which is only 1.9% above the 3-year low of $17.89.

Antero Resources Corp. is an American petroleum exploration and production company whose operations are all based in the Appalachian Basin. The company primarily extracts resources using hydraulic fracturing. As of Dec. 31, 2016, the company had 1,152 million barrels of oil equivalent of estimated proved reserves.

Acadia Realty Trust has a market cap of $2.32 billion; its shares were traded around $27.68 with a P/E Antero Resources Corp. has a market cap of $5.75 billion; its shares were traded around $18.23 with and P/S ratio of 2.07.

On Nov. 1 Antero Resources Corp. reported third quarter 2017 results. Net daily gas equivalent production averaged 2,317 million cubic feet of gas equivalent per day, a 24% increase compared to the same quarter prior year. GAAP net loss was $135 million, or $0.43 per share, compared to net income of $238 million, or $0.78 per share during the same quarter prior year.

Brixmor Property Group Inc. (BRX, Financial) declined to $17.93

The prices of Brixmor Property Group Inc. (BRX, Financial) shares have declined to $17.93 on Dec. 8, which is only 3.9% above the 3-year low of $17.23.

Brixmor Property Group Inc. an American real estate investment trust that specifically focuses on investing in shopping centers. As of Dec. 31, 2016, the company owns interests in 512 shopping centers totaling 86 million square feet. The company’s properties in Florida, California, and Texas account for approximately 30% of the company’s revenues.

Brixmor Property Group Inc. has a market cap of $5.47 billion; its shares were traded around $17.93 with a P/E ratio of 17.08 and P/S ratio of 4.28. The trailing 12-month dividend yield of Brixmor Property Group Inc. stocks is 5.81%. The forward dividend yield of Brixmor Property Group Inc. stocks is 6.17%.

On Oct. 30 Brixmor Property Group Inc. reported results for the third quarter of 2017. The company executed 3.4 million square feet of total leasing volume at comparable rent spreads of 10.2% and executed 2.1 million square feet of new and renewal leases at comparable rent spreads of 12.7% for the quarter. Furthermore, the company entered into a $300 million seven-year unsecured term loan.

Range Resources Corp. (RRC, Financial) declined to $16.08

The prices of Range Resources Corp. (RRC, Financial) shares have declined to $16.08 on Dec. 8, which is only 0.8% above the 3-year low of $15.95.

Range Resources Corp. is an American petroleum and natural gas exploration and production company. As of Dec. 31, 2016, the company had 12.1 trillion cubic feet of natural gas equivalent of estimated reserves, of which 65% was natural gas and 31% was natural gas liquids. The remaining 4% of reserve was petroleum. As of 2016, the company had a total asset worth of $11.282 billion.

Range Resources Corp. has a market cap of $3.99 billion; its shares were traded around $16.08 with and P/S ratio of 1.82. The trailing 12-month dividend yield of Range Resources Corp. stocks is 0.49%. The forward dividend yield of Range Resources Corp. stocks is 0.50%.

On Dec. 1 Range Resources Corp. announced that its Board of Directors has declared a quarterly cash dividend of $0.02 per common share on its common stock for the fourth quarter. The dividend is payable on Dec. 29 to shareholders of record at the close of business on Dec. 15, 2017.

Tahoe Resources Inc. (TAHO, Financial) declined to $4.19

The prices of Tahoe Resources Inc. (TAHO, Financial) shares have declined to $4.19 on Dec. 8, which is only 0.7% above the 3-year low of $4.16.

Tahoe Resources Inc. is an American international mining and intermediate precious metals producer with silver and gold mines in Canada, Guatemala, and Peru. The company employs more than 2,000 people. As of 2017, the company faces a criminal trial in Guatemala and a civil lawsuit in Canada for cases of alleged repression.

Tahoe Resources Inc. has a market cap of $1.32 billion; its shares were traded around $4.19 with a P/E ratio of 12.53 and P/S ratio of 1.56. The trailing 12-month dividend yield of Tahoe Resources Inc. stocks is 4.30%. The forward dividend yield of Tahoe Resources Inc. stocks is 5.74%.

On Nov. 6 Tahoe Resources Inc. reported results for the third quarter of 2017. The company’s gold operations produced 109 thousand ounces at a total cash cost of $747 per ounce. Total revenue for the company was $155.2 million, compared to $234.7 million during the same quarter prior year. Total comprehensive losses were $8.4 million, compared to total earnings of $63 million during the same quarter prior year.

Disclosure: I do not own stock in any of the companies mentioned in the article.