Currently, Antero Resources Corp [AR] is trading at $30.37, up 3.69%. 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 4.72% over the last week, with a monthly amount glided 13.03%, 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 17, 2024, when Morgan Stanley upgraded its rating to a Overweight and also boosted its price target to $36 from $26. Previously, Barclays started tracking the stock with Equal Weight rating on April 10, 2024, and set its price target to $32. On March 20, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $30 on the stock. The Benchmark Company downgraded its rating to a Hold. Tudor Pickering Holt & Co. upgraded its rating to a Buy but $32 remained the price target by the analyst firm on January 17, 2024. Mizuho downgraded its rating to Neutral for this stock on January 03, 2024, but kept the price target unchanged to $27. In a note dated December 14, 2023, Wells Fargo upgraded an Overweight rating on this stock and revised its target price from $32 to $26.
This stock has fluctuated between a low of $19.91 and a high of $30.90 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $38.79 within the next 12 months. Antero Resources Corp [NYSE: AR] shares were valued at $30.37 at the most recent close of the market. An investor can expect a potential return of 27.72% 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 29.37 points at the first support level, and at 28.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.06, and for the 2nd resistance point, it is at 31.74.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Antero Resources Corp [NYSE:AR] is 0.33. Also, the Quick Ratio is 0.33. Considering the valuation of this stock, the price to sales ratio is 2.04, the price to book ratio is 1.32 and price to earnings (TTM) ratio is 39.38.
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.
