In the past week, AR stock has gone up by 8.89%, with a monthly gain of 14.36% and a quarterly surge of 28.17%. The volatility ratio for the week is 2.71%, and the volatility levels for the last 30 days are 2.49% for Antero Resources Corp The simple moving average for the last 20 days is 9.89% for AR stock, with a simple moving average of 18.04% for the last 200 days.
Is It Worth Investing in Antero Resources Corp (NYSE: AR) Right Now?
Antero Resources Corp (NYSE: AR) has a higher price-to-earnings ratio of 38.10x compared to its average ratio. AR has 36-month beta value of 3.31. Analysts have mixed views on the stock, with 7 analysts rating it as a “buy,” 6 as “overweight,” 12 as “hold,” and 0 as “sell.”
The public float for AR is 280.84M, and currently, short sellers hold a 4.53% ratio of that float. The average trading volume of AR on April 02, 2024 was 4.96M shares.
AR) stock’s latest price update
Antero Resources Corp (NYSE: AR) has seen a rise in its stock price by 1.34 in relation to its previous close of 29.00. However, the company has experienced a 8.89% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-25 that Antero Resources benefits from premium pricing and pays attention to detail to maximize that premium pricing effect. The company’s lower cost structure is expected to result in a significant decrease in maintenance capital combined with about $400 million more free cash flow. AR stock plans to increase the production of liquids and decrease natural gas production. This makes the production mix more valuable.
Analysts’ Opinion of AR
Many brokerage firms have already submitted their reports for AR stocks, with JP Morgan repeating the rating for AR by listing it as a “Overweight.” The predicted price for AR in the upcoming period, according to JP Morgan is $30 based on the research report published on March 20, 2024 of the current year 2024.
Tudor Pickering Holt & Co. gave a rating of “Buy” to AR, setting the target price at $32 in the report published on January 17th of the current year.
AR Trading at 20.25% from the 50-Day Moving Average
After a stumble in the market that brought AR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.89% of loss for the given period.
Volatility was left at 2.49%, however, over the last 30 days, the volatility rate increased by 2.71%, as shares surge +13.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +34.20% upper at present.
During the last 5 trading sessions, AR rose by +8.89%, which changed the moving average for the period of 200-days by +37.79% in comparison to the 20-day moving average, which settled at $26.92. In addition, Antero Resources Corp saw 29.59% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AR starting from Keenan W Howard JR, who sale 232,293 shares at the price of $25.85 back on Mar 14 ’24. After this action, Keenan W Howard JR now owns 3,000,000 shares of Antero Resources Corp, valued at $6,004,774 using the latest closing price.
Keenan W Howard JR, the Director of Antero Resources Corp, sale 560,729 shares at $26.30 during a trade that took place back on Mar 13 ’24, which means that Keenan W Howard JR is holding 3,232,293 shares at $14,747,173 based on the most recent closing price.
Stock Fundamentals for AR
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.15 for the gross margin
The net margin for Antero Resources Corp stands at 0.06. The total capital return value is set at 0.03. Equity return is now at value 3.54, with 1.65 for asset returns.
Based on Antero Resources Corp (AR), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at 0.48. The debt to equity ratio resting at 0.3. The interest coverage ratio of the stock is 3.7.
Currently, EBITDA for the company is 1.08 billion with net debt to EBITDA at 3.94. When we switch over and look at the enterprise to sales, we see a ratio of 3.1. The receivables turnover for the company is 9.78for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.33.
Conclusion
To put it simply, Antero Resources Corp (AR) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
