The stock of Antero Resources Corporation (NYSE:AR) increased by $0.22 on Monday to $26.58, up 0.83 percent. The last five days have seen an average of 3,295,056 shares of common stock traded. 2 times new highs were reached in the current year, with a fall of -$4.34. The average number of shares traded over the last 20 days was 4,627,404, while the average volume over the last 50 days totaled 5,318,740.
AR stock dropped -0.37% since last month. On 08/24/23, the company’s shares reached a one-month low of $25.50. The stock touched a high of $43.99 on 01/17/23, after rallying from a low of $19.91 in 52 weeks. The price of AR stock has declined by -14.23% or -$4.34 this year, reaching a new high 2 times. Still, the stock price is down -39.58% from the 52-week high.
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Insider Transactions
AR stock investors should be aware that Antero Resources Corporation (AR) stock had its last reported insider trading activity 115 days ago on May 05. On May 05, Kennedy Michael N. sold 150,000 shares at $21.07 each. This transaction resulted in the insider making $3,160,500. On Dec 07, Keenan W Howard JR sold 779,755 shares at a price of US$31.34. After the transaction, the insider now owns 4,000,000 shares. Director Keenan W Howard JR had earlier sold 220,245 shares on Dec 06 for $31.16 a share. The transaction was completed for $6,862,284.
Valuation Metrics
Antero Resources Corporation (AR) has a trailing price-to-earnings (P/E) ratio of 5.98. Beta for the stock is 3.48. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.21, the price-to-book (PB) ratio of 1.17, and the price-to-cash flow ratio of 8.26.
Financial Health
For the three months ended June 29, Antero Resources Corporation’s quick ratio was 0.30, while its current ratio was 0.30, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.22, and the total debt to equity ratio is 0.22. As far as profitability goes, gross margin for the trailing twelve months is 77.20% percent. Antero Resources Corporation’s EBITDA margin for the year ended June 29 was 57.69%, whereas its operating margin stood at 29.60% for the same period. Based on annual data, it had gross profit of $2.57 billion and revenue of $7.14 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AR’s return on assets (ROA) during the last 12 months has been 10.10%. There was a 26.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 21.30%.
Earnings Surprise
According to Antero Resources Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $953.31 million, while revenues fell by -130.95% to $1.41 billion. It was predicted that Antero Resources Corporation’s quarterly earnings would be -$0.28, but it ended up being -$0.28. EBITDA was $76.92 million for the quarter. At the end of Antero Resources Corporation’s most recent quarter ended June 29, its liabilities totaled 6.7 billion, while its total debt was $4.76 billion. Equity owned by shareholders amounts to $300.38 million.
Technical Picture
Here’s a quick look at Antero Resources Corporation’s (AR) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 48.63%, suggesting the stock is Neutral, with a 36.00% historical volatility rate.
The stochastic %K and %D were 21.19% and 14.82% respectively, while the average true range (ATR) was 0.93. Based on the 14-day stochastic reading of 27.90%, the RSI (14) reading is 52.07%. On the 9-day MACD Oscillator, the stock is at -0.47, and the 14-day reading is at -0.86.
Analyst Ratings
In its analyst report released on June 30, 2023, Siebert Williams Shank began covering Antero Resources Corporation (NYSE: AR). The stock was rated as a Hold by the brokerage firm. Analysts have assigned Antero Resources Corporation (AR) an Overweight rating. AR is a stock that is recommended for selling by 0 brokerage firms, while 10 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 2 rates it overweight and 7 others recommend it as a buy.
What is AR’s price target for the next 12 months?
The current consensus forecast for the stock is between $23.00 and $45.00, with a median target price of $32.00. In analyzing these forecasts, the average price target given by analysts for Antero Resources Corporation (AR) is $32.25.
