Antero Resources Corp (NYSE: AR) has a higher price-to-earnings ratio of 38.86x compared to its average ratio, The 36-month beta value for AR is at 3.37. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 6 rating it as “overweight,” 12 as “hold,” and 0 as “sell.”
The public float for AR is 280.84M, and currently, shorts hold a 4.53% of that float. The average trading volume for AR on April 09, 2024 was 4.84M shares.
AR) stock’s latest price update
The stock of Antero Resources Corp (NYSE: AR) has increased by 2.32 when compared to last closing price of 29.29. Despite this, the company has experienced a 1.97% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-05 that Healthy oil prices raise the incentive to keep tabs on upstream firms like Diamondback (FANG), Antero Resources (AR) and Viper Energy (VNOM).
AR’s Market Performance
AR’s stock has risen by 1.97% in the past week, with a monthly rise of 13.18% and a quarterly rise of 28.90%. The volatility ratio for the week is 2.63% while the volatility levels for the last 30 days are 2.52% for Antero Resources Corp The simple moving average for the last 20 days is 9.28% for AR stock, with a simple moving average of 19.43% for the last 200 days.
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 19.05% 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 -3.01% of loss for the given period.
Volatility was left at 2.52%, however, over the last 30 days, the volatility rate increased by 2.63%, as shares surge +12.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +31.45% upper at present.
During the last 5 trading sessions, AR rose by +1.97%, which changed the moving average for the period of 200-days by +37.41% in comparison to the 20-day moving average, which settled at $27.59. In addition, Antero Resources Corp saw 32.14% 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 3.14. 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
In conclusion, Antero Resources Corp (AR) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
