As of Friday close, Antero Resources Corporation’s (NYSE:AR) stock was down -$0.23, moving down -0.96 percent to $23.82. The average number of shares traded per day over the past five days has been 3,925,340 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.68 fall in that time frame. In the last twenty days, the average volume was 3,976,225, while in the previous 50 days, it was 4,756,590.
Since last month, AR stock retreated -7.89%. Shares of the company fell to $23.81 on 09/22/23, the lowest level in the past month. A 52-week high of $40.19 was reached on 01/17/23 after having rallying from a 52-week low of $19.91. Since the beginning of this year, AR’s stock price has dropped by -23.14% or -$7.17, and marked a new high 2 times. However, the stock has declined by -40.73% since its 52-week high.
AR stock investors should be aware that Antero Resources Corporation (AR) stock had its last reported insider trading activity 141 days ago on May 05. Kennedy Michael N., the of the company, disposed of 150,000 shares for $21.07 on May 05. It resulted in a $3,160,500 divestment by the insider. Keenan W Howard JR sold 779,755 shares at an average price of $31.34 on Dec 07. The insider now owns 4,000,000 shares following the transaction. On Dec 06, Director Keenan W Howard JR sold 220,245 shares at $31.16 apiece. The transaction was valued at $6,862,284.
Valuation Metrics
Right now, Antero Resources Corporation (AR) has a P/E ratio of about 5.36. The stock’s beta is 3.50. Besides these, the trailing price-to-sales (P/S) ratio of 1.13, the price-to-book (PB) ratio of 1.05, and the price-to-cash flow ratio of 7.71 may also be considered.
Financial Health
In the three months ended June 29, Antero Resources Corporation’s quick ratio stood at 0.30, while its current ratio was 0.30, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.22, and the total debt-to-equity ratio was 0.22. On the profitability front, the trailing twelve-month gross margin is 77.20% percent. In the year ended June 29, EBITDA margin amounted to 57.69%, whereas operating margins totaled 29.60%. Based on annual data, AR earned $2.57 billion in gross profit and brought in $7.14 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 26.20%. Return on equity (ROE) for the past 12 months was 21.30%.
In Antero Resources Corporation’s quarter-end financial report for June 29, it reported total debt of $1.49 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. AR’s revenue fell -130.95% to $1.41 billion during the quarter, while net income inched up to $953.31 million. While analysts expected Antero Resources Corporation to report -$0.28 quarterly earnings, the actual figure was -$0.28 per share. During the quarter, the company generated $76.92 million in EBITDA. The liabilities of Antero Resources Corporation were 6.7 billion at the end of its most recent quarter ended June 29, and its total debt was $4.76 billion. The value of shareholders’ equity is $300.38 million.
Technical Picture
This quick technical analysis looks at Antero Resources Corporation’s (AR) price momentum. With a historical volatility rate of 34.85%, the RSI 9-day stood at 23.54% on 22 September.
With respect to its five-day moving average, the current Antero Resources Corporation price is down by -10.11% percent or -$2.68. At present, AR shares trade -8.77% below its 20-day simple moving average and +8.08% percent above its 100-day simple moving average. However, the stock is currently trading approximately +1.19% above its SMA50 and -25.19% below its SMA200.
Stochastic coefficient K was 1.47% and Stochastic coefficient D was 3.00%, while ATR was 0.89. Given the Stochastic reading of 0.23% for the 14-day period, the RSI (14) reading has been calculated as 32.06%. As of today, the MACD Oscillator reading stands at -1.61, while the 14-day reading stands at -1.90.
Analyst Ratings
Siebert Williams Shank launched its rating on Antero Resources Corporation (NYSE: AR) to a Hold in a note to investors on June 30, 2023. Antero Resources Corporation (AR) has been rated Overweight by analysts. According to 0 brokerage firms, AR is a sell, and 10 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate Antero Resources Corporation stock as buy, with 7 recommending it as overweight.
With a median target price of $32.00, the current consensus forecast for the stock is $23.00 – $45.00. Based on these forecasts, analysts predict Antero Resources Corporation (AR) will achieve an average price target of $32.50.
