Antero Resources Corp (NYSE: AR): Do Not Miss The Gain Train

Antero Resources Corp (AR) concluded trading on Wednesday at a closing price of $33.18, with 3.94 million shares of worth about $130.76 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -2.73% during that period and on November 20, 2024 the price saw a gain of about 3.95%. Currently the company’s common shares owned by public are about 303.54M shares, out of which, 288.04M shares are available for trading.

Stock saw a price change of 6.38% in past 5 days and over the past one month there was a price change of 24.92%. Year-to-date (YTD), AR shares are showing a performance of 46.30% which increased to 31.56% 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 3.71 million. The stock is currently trading 14.05% above its 20-day simple moving average (SMA20), while that difference is up 16.77% for SMA50 and it goes to 13.43% 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 83.57% of that.

The stock has a current market capitalization of $10.32B and its 3Y-monthly beta is at 3.44. PE ratio of stock for trailing 12 months is 230.90, while it has posted earnings per share of $0.14 in the same period. Its PEG reads 11.48 and has Quick Ratio of 0.28 while making debt-to-equity ratio of 0.61. 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 3.62% while standing at 3.70% over the month.

Stock’s fiscal year EPS is expected to drop by -88.07% while it is estimated to increase by 3372.64% 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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