Antero Resources Corporation (NYSE:AR) finished Tuesday with an addition of $0.34 to close at $20.76, an upside of 1.67 percent. An average of 9,049,300 shares of common stock have been traded in the last five days. There was a gain of $2.29 in the past week. The last 20 days have seen an average of 7,499,875 shares traded, while the 50-day average volume stands at 6,943,710.
AR stock has increased by 27.52% in the last month. The company shares reached their 1-month lowest point of $15.54 on 09/09/21. With the stock rallying to its 52-week high on 10/04/21, shares of the company touched a low of $2.82 and a high of $21.25 in 52 weeks. In spite of this, the price is down -2.31% from the 52-week high.
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36 days have passed since Antero Resources Corporation (AR) last reported insider trading activity. Keenan W Howard JR, who is Director, most recently acquired $77,495 shares at $13.70 per share on Aug 31. In this transaction, the insider spent $1,061,348. Director, Keenan W Howard JR, disposed of 265,013 shares at a price of $13.84 on Aug 30. The insider now owns more than $3,668,283 worth of shares. Prior to that, Director Keenan W Howard JR went on to Sale 600,000 shares at $13.64 each on Aug 27. An amount of $8,182,260 was transacted.
Antero Resources Corporation (AR) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 18.99 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Antero Resources Corporation’s PE ratio has ranged between 50.33 and 1.152. The stock’s beta is 4.44. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.89, the price-to-book (PB) ratio at 1.18, and the price-to-cash flow ratio at 4.96.
The quick ratio of Antero Resources Corporation for the three months ended June 29 was 0.30, and the current ratio was 0.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.45 and a total debt to equity ratio of 0.45 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 63.50% against a 5-year average of 8.4%. Antero Resources Corporation’s EBITDA margin for the year ending June 29 is -27.69%, while its operating margin for the same period stands at -36.10%. Its gross profit as reported stood at -$953.45 million compared to revenue of $3.49 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Antero Resources Corporation’s return on assets was -7.70%, compared to -3.1% over the last five years. In the past year, the return on investment has been -11.40%, and the 5-year average is -2.3%. Meanwhile, the return on equity (ROE) for the past 12 months has been -17.70% and the 5-year average holds at -7.0%. For the broader industry, ROE averaged 12.45 over the past year.
From a technical analysis perspective, let’s take a brief look at Antero Resources Corporation (AR) price momentum. RSI 9-day as of the close on 05 October was 80.24%, suggesting the stock is Overbought, with historical volatility in this time frame at 54.80%.
As of today, AR’s price is $19.56 +12.40% or $2.29 from its 5-day moving average. AR is currently trading +30.24% higher than its 20-day SMA and +91.87% higher than its 100-day SMA. However, the stock’s current price level is +42.00% above the SMA50 and +301.55% above the SMA200.
The stochastic %K and %D were 88.55% and 85.75%, respectively, and the average true range (ATR) was 1.14. With the 14-day stochastic at 91.12% and the average true range at 1.06, the RSI (14) stands at 76.07%. The stock has reached 1.14 on the 9-day MACD Oscillator while the 14-day reading was at 1.98.
Raymond James upgraded Antero Resources Corporation (NYSE: AR) to a a Strong buy rating in its most recent analyst report. Previously, the stock was rated as a an Outperform.The consensus rating for Antero Resources Corporation (AR) among analysts is Overweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell AR, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 7 others rate it as a “buy”.
What is AR’s price target for the next 12 months?
Analysts predict a range of price targets between $15.75 and $32.00, with a median target of $20.50. Taking a look at these predictions, the average price target given by analysts for Antero Resources Corporation (AR) stock is $21.17.