Antero Resources Corp (NYSE:AR) finished Friday with a subtraction of -$0.07 to close at $25.38, a downside of -0.28 percent. An average of 4,646,280 shares of common stock have been traded in the last five days. There was a gain of $1.56 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 4,275,465 shares traded, while the 50-day average volume stands at 4,743,996.
AR stock has decreased by -6.62% in the last month. The company shares reached their 1-month lowest point of $23.65 on 09/25/23. With the stock rallying to its 52-week high on 01/17/23, shares of the company touched a low of $19.91 and a high of $40.19 in 52 weeks. It has reached a new high 2 times so far this year and lost -18.10% or -$5.61 in price. In spite of this, the price is down -36.85% from the 52-week high.
Insider Transactions
AR stock investors should be aware that Antero Resources Corp (AR) stock had its last reported insider trading activity 148 days ago on May 05. In this transaction, the insider spent $3,160,500. Director, Keenan W Howard JR, disposed of 779,755 shares at a price of $31.34 on Dec 07. The insider now owns more than $24,435,884 worth of shares. Prior to that, Director Keenan W Howard JR went on to Sale 220,245 shares at $31.16 each on Dec 06. An amount of $6,862,284 was transacted.
Valuation Metrics
Antero Resources Corp (AR) has a trailing price-to-earnings (P/E) ratio of 5.72. The stock’s beta is 3.48. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.14, the price-to-book (PB) ratio at 1.12, and the price-to-cash flow ratio at 4.09.
Financial Health
The quick ratio of Antero Resources Corp for the three months ended June 29 was 0.26, and the current ratio was 0.26, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.62 and a total debt to equity ratio of 0.70 for the quarter ending June 29. Its gross profit as reported stood at $2.57 billion compared to revenue of $7.14 billion.
Earnings Surprise
For the three-month period that ended June 29, Antero Resources Corp had $1.49 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$83.08 million in the quarter, while revenues of $213.43 million were grew 1020.97%. The analyst consensus anticipated Antero Resources Corp’s latest quarter earnings to come in at -$0.28 per share, but it turned out to be -$0.28, a 0.00% surprise. For the quarter, EBITDA amounted to $76.92 million. Shareholders own equity worth $300.38 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Antero Resources Corp (AR) price momentum. RSI 9-day as of the close on 29 September was 48.19%, suggesting the stock is Neutral, with historical volatility in this time frame at 34.30%.
As of today, AR’s price is $24.82 +6.55% or $1.56 from its 5-day moving average. AR is currently trading -8.28% lower than its 20-day SMA and +21.38% higher than its 100-day SMA. However, the stock’s current price level is +2.46% above the SMA50 and -23.32% below the SMA200.
The stochastic %K and %D were 40.18% and 30.19%, respectively, and the average true range (ATR) was 0.87. With the 14-day stochastic at 43.36% and the average true range at 0.88, the RSI (14) stands at 46.69%. The stock has reached 0.49 on the 9-day MACD Oscillator while the 14-day reading was at -0.25.
Analyst Ratings
Siebert Williams Shank launched coverage on Antero Resources Corp (NYSE: AR) in its analyst report released on June 30, 2023. The firm assigned the stock a Hold rating.
What is AR’s price target for the next 12 months?
Analysts predict a range of price targets between $23.00 and $45.00, with a median target of $32.00. Taking a look at these predictions, the average price target given by analysts for Antero Resources Corp (AR) stock is $32.44.
