Antero Resources Corp (NYSE:AR) does about 4.79M shares in volume on a normal day but saw 4170779 shares change hands in Tuesday trading. The company now has a market cap of 9.18B USD. Its current market price is $30.23, marking an increase of 0.87% compared to the previous close of $29.97. The 52 week high reached by this stock is $30.90 whilst the lowest price level in 52 weeks is $19.91.
Antero Resources Corp (AR) has a 20-day trading average at $27.79 and the current price is -2.17% off the 52-week high compared with 51.82% distance from its 52-week low. The 50-day simple moving average of the closing price is $25.47 and its 200-day simple moving average is $25.18. If we look at the stock’s price movements over the week, volatility stands at 2.79%, which decreases to 2.58% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 77.07 to suggest the stock is overbought.
The consensus objective for the share price is $30.79, suggesting that the stock has a potential upside of 1.82% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 20, 2024 when JP Morgan upgraded the stock to “Overweight” and issued a price target of between $27 and $30. Tudor Pickering Holt & Co. upgraded its price target at $32.
Antero Resources Corp (AR) stock is up 2.44% over the week and 13.43% over the past month. Its price is 33.29% year-to-date and 28.75% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2023, with the company’s earnings per share (EPS) of $0.23 above consensus estimates by $0.02. AR’s earnings per share are forecast to shrink by -42.60% this year and 761.30% over next year. Expected sales for next quarter are $1.01 billion, which analysts say will come at $4.4 billion for the current fiscal year and next year at $5.37 billion. In addition, estimates put the company’s current quarterly revenue at an average of $1.08 billion.
To reach the target analysts have set, the stock logically needs to grow 1.82 percent from here.
Outstanding shares total 303.54M with insiders holding 6.60% of the shares and institutional holders owning 84.86% of the company’s common stock. The company has a return on investment of 2.22% and return on equity of 3.54%. The price to earnings ratio (P/E ratio) amounts to 39.19 while the forward price to earnings ratio is 11.25. The beta has a value of 3.37. Price to book ratio is 1.31 and price to sales ratio is 2.03.
