Investors Should Take Note Of Antero Resources Corp (AR)

Antero Resources Corp (AR) concluded trading on Thursday at a closing price of $21.63, with 5.24 million shares of worth about $113.28 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -24.90% during that period and on Thursday the price saw a gain of about 1.26%. Currently the company’s common shares owned by public are about 297.36M shares, out of which, 277.27M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 43 times over the past 12 months. They bought 721,431 shares in 32 of the transactions. In 11 selling transactions, insiders dumped 493,020 shares.

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Stock saw a price change of -2.39% in past 5 days and over the past one month there was a price change of -7.72%. Year-to-date (YTD), AR shares are showing a performance of -4.63% which decreased to -20.45% 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 $30.90 during that period. The average intraday trading volume for Antero Resources Corp shares is 4.90 million. The stock is currently trading -2.68% below its 20-day simple moving average (SMA20), while that difference is down -3.50% for SMA50 and it goes to -10.81% lower than SMA200.

Antero Resources Corp (NYSE: AR) currently have 297.36M outstanding shares and institutions hold larger chunk of about 82.25% of that.

The stock has a current market capitalization of $6.50B and its 3Y-monthly beta is at 3.30. PE ratio of stock for trailing 12 months is 7.79, 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 2.95% while standing at 3.16% over the month.

Analysts are in expectations that Antero Resources Corp (AR) stock would likely to be making an EPS of $0.22 in the current quarter, while forecast for next quarter EPS is $0.17 and it is $1.05 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.12 which is $0.32 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 -89.77% while it is estimated to increase by 68.65% in next year.

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 Tudor Pickering Holt & Co. on January 17, 2024 offering a Buy rating for the stock and assigned a target price of $32 to it.

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