Antero Resources Corporation (NYSE:AR) saw an upside of 0.93% to close Friday at $20.53 after adding $0.19 on the day. The 5-day average trading volume is 8,625,460 shares of the company’s common stock. It has gained $21.25 in the past week. An average of 7,517,960 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,895,148.
AR’s 1-month performance is 27.91% or $4.53 on its low of $15.54 reached on 09/09/21. The company’s shares have touched a 52-week low of $3.24 and high of $21.25, with the stock’s rally to the 52-week high happening on 10/04/21. YTD, AR has achieved 276.70% or $15.08. However, the current price is down -3.39%% from the 52-week high price.
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On Aug 31, 41 days have gone by since the last insider trading activity for Antero Resources Corporation (AR). Keenan W Howard JR (Director) most recently sold 77,495 shares at $13.70 per share on Aug 31. This transaction cost the insider $1,061,348. Director, Keenan W Howard JR, sold 265,013 shares at a price of $13.84 on Aug 30. Then, on Aug 27, Director Keenan W Howard JR sold 600,000 shares at a price of $13.64 per share. This transaction amounted to $8,182,260.
Antero Resources Corporation (AR) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 19.33 for the sector. The company’s PE ratio for the last five years has touched a high of 50.33 and a low of 1.152. AR stock has a beta of 4.47. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.89 while the price-to-book (PB) in the most recent quarter is 1.17, with the price to cash flow ratio at 4.96.
Antero Resources Corporation’s quick ratio for the period ended June 29 was 0.30, with the current ratio over the same period at 0.30 meaning that AR stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.45, while the total debt to equity was 0.45. In terms of profitability, the gross margin trailing 12 months is 63.50%. The trailing 12-month EBITDA margin is -27.69% while for the period ending June 29; Antero Resources Corporation’s operating margin was -36.10%. The firm’s gross profit as reported stood at -$953.45 million against revenue of $3.49 billion.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected AR to announce $0.25 per share in earnings in its latest quarter, but it posted $0.13, representing a -48.00% surprise. EBITDA for the quarter stood at more than -$462.23 million. AR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 7.13 billion, with total debt at $4.9 billion. Shareholders hold equity totaling $313.87 million
Let’s look briefly at Antero Resources Corporation (AR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 70.28% to suggest the stock is trending Overbought, with historical volatility in this time period at 49.15%.
The stock’s 5-day moving average is $20.36, reflecting a +7.04% or $1.35 change from its current price. AR is currently trading +28.88% above its 20-day SMA, +63.98% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +50.84% and +279.48% respectively.
Stochastic %K and %D was 81.08% and 82.17% and the average true range (ATR) pointed at 1.12. The RSI (14) points at 69.61%, while the 14-day stochastic is at 86.94% with the period’s ATR at 1.06. The stock’s 9-day MACD Oscillator is pointing at 0.55 and 1.31 on the 14-day charts.
In the most recent analyst report for Antero Resources Corporation (NYSE: AR), Raymond James upgraded it to a Strong buy rating. They previously had an Outperform rating on the stock. Analysts offering their rating for AR stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate AR as a “sell,”, while 7 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 7 have offered a “buy” rating.
What is AR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $15.75 and a high of $32.00, with their median price target at $21.50. Looking at these predictions, the average price target given by analysts is for Antero Resources Corporation (AR) stock is $21.80.