At the time of writing, Antero Resources Corp [AR] stock is trading at $29.79, down -1.29%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The AR shares have gain 1.71% over the last week, with a monthly amount glided 14.31%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Antero Resources Corp [NYSE: AR] stock has seen the most recent analyst activity on April 10, 2024, when Barclays initiated its Equal Weight rating and assigned the stock a price target of $32. Previously, JP Morgan upgraded its rating to Overweight on March 20, 2024, and elevated its price target to $30. On February 22, 2024, downgrade downgraded it’s rating to Hold. Tudor Pickering Holt & Co. upgraded its rating to a Buy but stick to its price target of $32 on January 17, 2024. Mizuho downgraded its rating to a Neutral but $27 remained the price target by the analyst firm on January 03, 2024. Wells Fargo upgraded its rating to Overweight for this stock on December 14, 2023, and downed its price target to $26. In a note dated December 04, 2023, Truist downgraded an Hold rating on this stock and revised its target price from $37 to $28.
For the past year, the stock price of Antero Resources Corp fluctuated between $19.91 and $30.90. Currently, Wall Street analysts expect the stock to reach $37.36 within the next 12 months. Antero Resources Corp [NYSE: AR] shares were valued at $29.79 at the most recent close of the market. An investor can expect a potential return of 25.41% based on the average AR price forecast.
Analyzing the AR fundamentals
According to Antero Resources Corp [NYSE:AR], the company’s sales were 4.52B for trailing twelve months, which represents an -38.44% plunge. 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 29.31 points at the first support level, and at 28.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.53, and for the 2nd resistance point, it is at 31.27.
Ratios To Look Out For
It is important to note that Antero Resources Corp [NYSE:AR] has a current ratio of 0.33. Also, the Quick Ratio is 0.33. Considering the valuation of this stock, the price to sales ratio is 2.00, the price to book ratio is 1.30 and price to earnings (TTM) ratio is 38.62.
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.
