The Vanguard Group, Inc. has recently announced that it has increased stake in Antero Resources Corp (NYSE:AR) by 0.44%. After grabbing 27.12 million shares, the institutional investor is now in possession of 0.12 million shares of the Energy Company. The new investment brought the stake of investor firm to 9.02% having worth around $798.28 million. Moreover, BlackRock Fund Advisors increased its share by 0.68 million to have a control over 23.03 million shares. And SSgA Funds Management, Inc. raised its holdings to 69606.0 shares by acquiring 11.05 million shares or 3.68% of the stake.
Antero Resources Corp (AR) concluded trading on 11/29/23 at a closing price of $23.66, with 4.34 million shares of worth about $102.58 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 15.92% during that period and on Wednesday the price saw a loss of about -1.54%. Currently the company’s common shares owned by public are about 297.36M shares, out of which, 277.29M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 21 analysts are covering the AR stock and their offered price forecasts bring an average price target of $33.39. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $44.00 and could fall to a lowest price of $25.00. The stock’s current price level is 29.14% above of average price target set by the analysts, while a rise to estimated low would result in gain of 5.36% for the stock. However, touching the estimated high of $44.00 would mean a gain of 46.23% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 52 times over the past 12 months. They bought 733,499 shares in 39 of the transactions. In 13 selling transactions, insiders dumped 690,662 shares.
iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Antero Resources Corp iShares Core S&P Mid Cap ETF is currently holding 8.72 million shares of worth totaling $256.71 million. The company recently came buying 0.0 shares which brought its stake up to 2.90% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 96170.0 shares, after which its hold over company’s outstanding shares expand to 2.82%, leaving 8.48 million shares with the mutual fund that have a worth of about $249.76 million. Vanguard Small Cap Index Fund, after buying 6.97 million shares, have now control over 2.32% of the stake in the company. It holds 14692.0 shares of worth $205.29 million.
Antero Resources Corp (NYSE: AR) started trading at $24.15, above $0.12 from concluding price of the previous day. However, the stock later moved at a day high price of 24.27, or with a loss of -1.54%. Stock saw a price change of -4.79% in past 5 days and over the past one month there was a price change of -17.07%. Year-to-date (YTD), AR shares are showing a performance of -23.65% which decreased to -34.08% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $19.91 but also hit the highest price of $37.35 during that period. The average intraday trading volume for Antero Resources Corp shares is 4.47 million. The stock is currently trading -11.53% below its 20-day simple moving average (SMA20), while that difference is down -11.01% for SMA50 and it goes to -4.21% lower than SMA200.
The Vanguard Group, Inc. acquired 27.12 million shares of Antero Resources Corp having value of about $798.28 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.12 million shares in the company valued at close to $2808158.08, or have control over 0.44% stake in the company. Antero Resources Corp (NYSE: AR) currently have 297.36M outstanding shares and institutions hold larger chunk of about 80.45% of that. Holding of mutual funds in the company is about 35.49% while other institutional holders and individual stake holders have control over 45.51% and 20.49% of the stake respectively.
The stock has a current market capitalization of $7.11B and its 3Y-monthly beta is at 3.28. PE ratio of stock for trailing 12 months is 8.52, while it has posted earnings per share of $2.78 in the same period. It has Quick Ratio of 0.29 while making debt-to-equity ratio of 0.69. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AR, volatility over the week remained 2.74% while standing at 3.47% over the month.
Analysts are in expectations that Antero Resources Corp (AR) stock would likely to be making an EPS of $0.46 in the current quarter, while forecast for next quarter EPS is $0.68 and it is $2.51 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.32 which is $0.62 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.04 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -85.65% while it is estimated to increase by 234.60% in next year.
Analysts at 21 brokerage firms have issued recommendations for the Antero Resources Corp (AR)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.10. Out of those 21 Wall Street analysts, 9 recommended a “Buy” rating, while 9 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Raymond James on October 24, 2023 offering a Strong buy rating for the stock and assigned a target price of $37 to it.
