Assessing Whether Antero Resources Corp (NYSE: AR) Is Over- Or Undervalued

Antero Resources Corp (AR) concluded trading on Wednesday at a closing price of $28.22, with 5.31 million shares of worth about $149.85 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -13.59% during that period and on October 30, 2024 the price saw a gain of about 2.28%. Currently the company’s common shares owned by public are about 303.54M shares, out of which, 287.90M shares are available for trading.

Stock saw a price change of 4.75% in past 5 days and over the past one month there was a price change of -1.54%. Year-to-date (YTD), AR shares are showing a performance of 24.43% which decreased to -1.09% 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 3.55 million. The stock is currently trading 0.42% above its 20-day simple moving average (SMA20), while that difference is up 2.81% for SMA50 and it goes to -1.66% lower than SMA200.

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Antero Resources Corp (NYSE: AR) currently have 303.54M outstanding shares and institutions hold larger chunk of about 84.28% of that.

The stock has a current market capitalization of $8.78B and its 3Y-monthly beta is at 3.36. PE ratio of stock for trailing 12 months is 105.38, while it has posted earnings per share of $0.27 in the same period. It 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 2.98% while standing at 2.64% over the month.

Stock’s fiscal year EPS is expected to drop by -75.64% while it is estimated to increase by 1672.57% 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 BofA Securities on October 28, 2024 offering a Buy rating for the stock and assigned a target price of $36 to it. Coverage by UBS stated Antero Resources Corp (AR) stock as a Neutral in their note to investors on October 16, 2024, suggesting a price target of $33 for the stock. On October 01, 2024, Wells Fargo Downgrade their recommendations, while on September 17, 2024, Citigroup Initiated their ratings for the stock with a price target of $29. Stock get an Outperform rating from Wolfe Research on September 11, 2024.

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