Antero Resources Corp (NYSE: AR)’s stock price has dropped by -2.65 in relation to previous closing price of 29.79. Nevertheless, the company has seen a loss of -3.24% in its stock price over the last five trading days. Schaeffers Research reported 2024-04-10 that The shares of oil & gas name Antero Resources Corporation (NYSE:AR) have been on a tear higher.
Is It Worth Investing in Antero Resources Corp (NYSE: AR) Right Now?
The price-to-earnings ratio for Antero Resources Corp (NYSE: AR) is 37.60x, which is above its average ratio. Moreover, the 36-month beta value for AR is 3.36. Analysts have varying opinions 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 4.55% of that float. On April 16, 2024, AR’s average trading volume was 4.68M shares.
AR’s Market Performance
The stock of Antero Resources Corp (AR) has seen a -3.24% decrease in the past week, with a 10.77% rise in the past month, and a 23.67% gain in the past quarter. The volatility ratio for the week is 3.46%, and the volatility levels for the past 30 days are at 2.78% for AR. The simple moving average for the last 20 days is 2.16% for AR’s stock, with a simple moving average of 14.62% for the last 200 days.
Analysts’ Opinion of AR
Many brokerage firms have already submitted their reports for AR stocks, with Barclays repeating the rating for AR by listing it as a “Equal Weight.” The predicted price for AR in the upcoming period, according to Barclays is $32 based on the research report published on April 10, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see AR reach a price target of $30, previously predicting the price at $27. The rating they have provided for AR stocks is “Overweight” according to the report published on March 20th, 2024.
AR Trading at 11.88% 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 -6.15% of loss for the given period.
Volatility was left at 2.78%, however, over the last 30 days, the volatility rate increased by 3.46%, as shares surge +12.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +30.87% upper at present.
During the last 5 trading sessions, AR fell by -3.24%, which changed the moving average for the period of 200-days by +31.10% in comparison to the 20-day moving average, which settled at $28.55. In addition, Antero Resources Corp saw 27.87% 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 3.07. 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 wrap up, the performance of Antero Resources Corp (AR) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
