Antero Resources Corp (AR) stock forecast: Can it reach its 52-week high of $36.28

At the time of writing, Antero Resources Corp [AR] stock is trading at $32.48, down -0.98%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The AR shares have gain 1.09% over the last week, with a monthly amount drifted -4.67%, and not 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.

For the past year, the stock price of Antero Resources Corp fluctuated between $20.10 and $36.28. Currently, Wall Street analysts expect the stock to reach $39.93 within the next 12 months. Antero Resources Corp [NYSE: AR] shares were valued at $32.48 at the most recent close of the market. An investor can expect a potential return of 22.94% based on the average AR price forecast.

Analyzing the AR fundamentals

According to Antero Resources Corp [NYSE:AR], the company’s sales were 4.35B for trailing twelve months, which represents an -13.21% plunge. Gross Profit Margin for this corporation currently stands at 0.11% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.01 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.63.

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 32.11 points at the first support level, and at 31.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.78, and for the 2nd resistance point, it is at 33.09.

Ratios To Look Out For

It is important to note that Antero Resources Corp [NYSE:AR] has a current ratio of 0.29. In addition, the Quick Ratio stands at 0.29 and the Cash Ratio stands at -2.12. Considering the valuation of this stock, the price to sales ratio is 2.32, the price to book ratio is 1.43 and price to earnings (TTM) ratio is 160.63.

Transactions by insiders

Recent insider trading involved Pearce Sheri,, that happened on May 20 ’24 when 16377.0 shares were sold., Kennedy Michael N. completed a deal on May 14 ’24 to sell 50000.0 shares. Meanwhile, Director Keenan W Howard JR sold 0.16 million shares on May 10 ’24.

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