The stock of Antero Resources Corp (AR) has gone up by 0.12% for the week, with a 17.24% rise in the past month and a 62.59% rise in the past quarter. The volatility ratio for the week is 3.07%, and the volatility levels for the past 30 days are 3.62% for AR. The simple moving average for the last 20 days is 10.26% for AR’s stock, with a simple moving average of 32.43% for the last 200 days.
Is It Worth Investing in Antero Resources Corp (NYSE: AR) Right Now?
The price-to-earnings ratio for Antero Resources Corp (NYSE: AR) is above average at 169.83x. The 36-month beta value for AR is also noteworthy at 3.32. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 6 rating it as “overweight,” 12 rating it as “hold,” and 0 rating it as “sell.”
The public float for AR is 287.66M, and at present, short sellers hold a 4.36% of that float. The average trading volume of AR on May 07, 2024 was 5.00M shares.
AR) stock’s latest price update
The stock of Antero Resources Corp (NYSE: AR) has increased by 3.62 when compared to last closing price of 33.14.Despite this, the company has seen a gain of 0.12% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-25 that Antero Resources’ (AR) Q1 earnings benefit from higher production volumes, driven by strong well performance and lower operating expenses.
Analysts’ Opinion of AR
Many brokerage firms have already submitted their reports for AR stocks, with Morgan Stanley repeating the rating for AR by listing it as a “Overweight.” The predicted price for AR in the upcoming period, according to Morgan Stanley is $36 based on the research report published on April 17, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see AR reach a price target of $32. The rating they have provided for AR stocks is “Equal Weight” according to the report published on April 10th, 2024.
JP Morgan gave a rating of “Overweight” to AR, setting the target price at $30 in the report published on March 20th of the current year.
AR Trading at 19.94% 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 -1.01% of loss for the given period.
Volatility was left at 3.62%, however, over the last 30 days, the volatility rate increased by 3.07%, as shares surge +14.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +36.22% upper at present.
During the last 5 trading sessions, AR rose by +0.12%, which changed the moving average for the period of 200-days by +38.64% in comparison to the 20-day moving average, which settled at $31.36. In addition, Antero Resources Corp saw 51.41% 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 CLARK ROBERT J, who sale 10,000 shares at the price of $33.67 back on May 01 ’24. After this action, CLARK ROBERT J now owns 69,963 shares of Antero Resources Corp, valued at $336,700 using the latest closing price.
Keenan W Howard JR, the Director of Antero Resources Corp, sale 232,293 shares at $25.85 during a trade that took place back on Mar 14 ’24, which means that Keenan W Howard JR is holding 3,000,000 shares at $6,004,774 based on the most recent closing price.
Stock Fundamentals for AR
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.11 for the gross margin
The net margin for Antero Resources Corp stands at 0.02. The total capital return value is set at 0.01. Equity return is now at value 0.94, with 0.48 for asset returns.
Based on Antero Resources Corp (AR), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 0.63. The interest coverage ratio of the stock is 1.39.
Currently, EBITDA for the company is 1.08 billion with net debt to EBITDA at 7.64. When we switch over and look at the enterprise to sales, we see a ratio of 4.32. The receivables turnover for the company is 11.41for trailing twelve months and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.29.
Conclusion
In summary, Antero Resources Corp (AR) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
