Growth Story Still Intact For Antero Resources Corp (AR)

Antero Resources Corp (AR) concluded trading on Thursday at a closing price of $32.62, with 2.44 million shares of worth about $79.54 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 42.20% during that period and on June 27, 2024 the price saw a loss of about -0.82%. Currently the company’s common shares owned by public are about 303.54M shares, out of which, 286.27M shares are available for trading.

Stock saw a price change of 0.46% in past 5 days and over the past one month there was a price change of -5.94%. Year-to-date (YTD), AR shares are showing a performance of 43.83% which increased to 46.08% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $20.10 but also hit the highest price of $36.28 during that period. The average intraday trading volume for Antero Resources Corp shares is 4.03 million. The stock is currently trading -3.94% below its 20-day simple moving average (SMA20), while that difference is down -2.29% for SMA50 and it goes to 19.75% higher than SMA200.

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Antero Resources Corp (NYSE: AR) currently have 303.54M outstanding shares and institutions hold larger chunk of about 84.57% of that.

The stock has a current market capitalization of $10.14B and its 3Y-monthly beta is at 3.40. PE ratio of stock for trailing 12 months is 161.33, while it has posted earnings per share of $0.20 in the same period. Its PEG reads 2.17 and has Quick Ratio of 0.29 while making debt-to-equity ratio of 0.63. 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 2.90% while standing at 3.08% over the month.

Stock’s fiscal year EPS is expected to rise by 4.90% while it is estimated to increase by 403.57% 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 Morgan Stanley on April 17, 2024 offering an Overweight rating for the stock and assigned a target price range of between $26 and $36 to it. Coverage by Barclays stated Antero Resources Corp (AR) stock as an Equal weight in their note to investors on April 10, 2024, suggesting a price target of $32 for the stock. Stock get a Buy rating from Tudor Pickering Holt & Co. on January 17, 2024.

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