The stock of Antero Resources Corp (AR) has gone down by -3.06% for the week, with a -11.40% drop in the past month and a 4.85% rise in the past quarter. The volatility ratio for the week is 4.65%, and the volatility levels for the past 30 days are 3.06% for AR. The simple moving average for the past 20 days is -3.36% for AR’s stock, with a -7.61% simple moving average for the past 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 184.90x, which is above its average ratio. Moreover, the 36-month beta value for AR is 3.43. 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.”
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The public float for AR is 288.04M and currently, short sellers hold a 3.11% of that float. On November 05, 2024, AR’s average trading volume was 3.65M shares.
AR) stock’s latest price update
The stock of Antero Resources Corp (NYSE: AR) has increased by 4.03 when compared to last closing price of 25.54. Despite this, the company has experienced a -3.06% fall in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-01 that Antero Resources Corporation’s Q3 2024 production was in-line with expectations. It has highlighted strong export prices for its butane and propane, which is now allowing it to realize a couple of dollars above Mont Belvieu for its C3+ NGLs. Antero has also made strides with drilling and completion efficiencies.
Analysts’ Opinion of AR
Many brokerage firms have already submitted their reports for AR stocks, with BofA Securities repeating the rating for AR by listing it as a “Buy.” The predicted price for AR in the upcoming period, according to BofA Securities is $36 based on the research report published on October 28, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see AR reach a price target of $33. The rating they have provided for AR stocks is “Neutral” according to the report published on October 16th, 2024.
Wells Fargo gave a rating of “Underweight” to AR, setting the target price at $25 in the report published on October 01st of the current year.
AR Trading at -2.90% 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 -26.75% of loss for the given period.
Volatility was left at 3.06%, however, over the last 30 days, the volatility rate increased by 4.65%, as shares sank -11.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.70% lower at present.
During the last 5 trading sessions, AR fell by -3.06%, which changed the moving average for the period of 200-days by +21.32% in comparison to the 20-day moving average, which settled at $27.49. In addition, Antero Resources Corp saw 17.15% 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 Schultz Yvette K, who sale 50,000 shares at the price of $25.24 back on Aug 05 ’24. After this action, Schultz Yvette K now owns 248,363 shares of Antero Resources Corp, valued at $1,262,000 using the latest closing price.
Yvette Schultz, the Officer of Antero Resources Corp, proposed sale 50,000 shares at $25.24 during a trade that took place back on Aug 05 ’24, which means that Yvette Schultz is holding shares at $1,261,813 based on the most recent closing price.
Stock Fundamentals for AR
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.3 for the gross margin
The net margin for Antero Resources Corp stands at 0.01. The total capital return value is set at 0.01. Equity return is now at value 0.65, with 0.33 for asset returns.
Based on Antero Resources Corp (AR), the company’s capital structure generated 0.38 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 0.61. The interest coverage ratio of the stock is 2.14.
Currently, EBITDA for the company is 1.08 billion with net debt to EBITDA at 5.27. When we switch over and look at the enterprise to sales, we see a ratio of 2.94. The receivables turnover for the company is 163.0for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.28.
Conclusion
To wrap up, the performance of Antero Resources Corp (AR) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
