A share price of Antero Resources Corp [AR] is currently trading at $26.69, up 2.38%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The AR shares have gain 2.42% over the last week, with a monthly amount glided 14.01%, and seem to be holding up well over a long-time horizon.
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On 11, March 2024, Antero Resources Announces Redemption of Outstanding 4.25% Convertible Senior Notes Due 2026. In a post published today on Yahoo Finance, Antero Resources Corporation (NYSE: AR) (“Antero Resources,” “Antero,” or the “Company”) today announced that it has called all of its outstanding 4.25% Convertible Senior Notes Due 2026 (the “Notes”) (CUSIP No. 03674X AM8) for redemption on Monday, April 1, 2024 (the “Redemption Date”).
From an analyst’s perspective:
Antero Resources Corp [NYSE: AR] stock has seen the most recent analyst activity on March 20, 2024, when JP Morgan upgraded its rating to a Overweight and also boosted its price target to $30 from $27. Previously, The Benchmark Company downgraded its rating to Hold on February 22, 2024. On January 17, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $32 on the stock. Mizuho downgraded its rating to a Neutral but stick to its price target of $27 on January 03, 2024. Wells Fargo upgraded its rating to a Overweight and reduced its price target to $26 on December 14, 2023. Truist downgraded its rating to Hold for this stock on December 04, 2023, and downed its price target to $28. In a note dated October 24, 2023, Raymond James upgraded an Strong Buy rating on this stock but restated the target price of $37.
Antero Resources Corp experienced fluctuations in its stock price throughout the past year between $19.91 and $30.90. Currently, Wall Street analysts expect the stock to reach $41.93 within the next 12 months. Antero Resources Corp [NYSE: AR] shares were valued at $26.69 at the most recent close of the market. An investor can expect a potential return of 57.1% based on the average AR price forecast.
Analyzing the AR fundamentals
Trailing Twelve Months sales for Antero Resources Corp [NYSE:AR] were 4.52B which represents -38.44% decline. Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.04 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.3.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 26.24 points at the first support level, and at 25.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.99, and for the 2nd resistance point, it is at 27.30.
Antero Resources Corp [AR] reported earnings per share of $0.23 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.21/share, meaning a difference of $0.02 and a surprise factor of 9.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.08 per share as compared to estimates of $0.04 per share, a difference of $0.04 representing a surprise of 100.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Antero Resources Corp [NYSE:AR] is 0.33. Further, the Quick Ratio stands at 0.33. Considering the valuation of this stock, the price to sales ratio is 1.79, the price to book ratio is 1.16 and price to earnings (TTM) ratio is 34.60.
Transactions by insiders
Recent insider trading involved Keenan W Howard JR, Director, that happened on Mar 14 ’24 when 0.23 million shares were sold. Director, Keenan W Howard JR completed a deal on Mar 13 ’24 to sell 0.56 million shares. Meanwhile, Pearce Sheri sold 28009.0 shares on Mar 13 ’24.
