Stocks of Antero Resources Corporation (NYSE:AR) traded higher last session on Wall Street, up 2.40% to $22.21.
According to the data, Antero Resources Corporation (NYSE:AR) has 19 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $40.00 and a low of $28.00, we find $36.00. Given the previous closing price of $21.69, this indicates a potential upside of 65.98 percent. AR stock price is now -17.99% away from the 50-day moving average and -34.42% away from the 200-day moving average. The market capitalization of the company currently stands at $6.77B.
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A total of 7 analysts have issued a hold rating and 10 have given it a buy rating. Brokers who have rated the stock have averaged $35.53 as their price target over the next twelve months.
On January 25, 2023, Wells Fargo recently initiated its ‘Overweight’ rating on the stock quoting a target price of $34, while ‘Mizuho’ rates the stock as ‘Buy’.
In other news, Keenan W Howard JR, Director sold 779,755 shares of the company’s stock on Dec 07. The stock was sold for $24,435,884 at an average price of $31.34. Upon completion of the transaction, the Director now directly owns 4,000,000 shares in the company, valued at $88.84 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 06, Director Keenan W Howard JR sold 220,245 shares of the business’s stock. A total of $6,862,284 was realized by selling the stock at an average price of $31.16. This leaves the insider owning 4,779,755 shares of the company worth $106.16 million. Insiders disposed of 1,941,968 shares of company stock worth roughly $43.13 million over the past 1 year. A total of 4.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AR stock. A new stake in Antero Resources Corporation shares was purchased by GOEHRING & ROZENCWAJG ASSOCIATES, LLC during the first quarter worth $12,315,000. TWINBEECH CAPITAL LP invested $12,274,000 in shares of AR during the first quarter. In the first quarter, RETIREMENT SYSTEMS OF ALABAMA acquired a new stake in Antero Resources Corporation valued at approximately $8,083,000. NEW YORK STATE TEACHERS RETIREMENT SYSTEM acquired a new stake in AR for approximately $5,932,000. FOREST AVENUE CAPITAL MANAGEMENT LP purchased a new stake in AR valued at around $5,244,000 in the second quarter. In total, there are 580 active investors with 79.90% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $21.85 for Antero Resources Corporation (NYSE: AR). During the past 12 months, Antero Resources Corporation has had a low of $21.37 and a high of $48.80. As of last week, the company has a debt-to-equity ratio of 0.18, a current ratio of 0.40, and a quick ratio of 0.40. The fifty day moving average price for AR is $26.97 and a two-hundred day moving average price translates $33.76 for the stock.
The latest earnings results from Antero Resources Corporation (NYSE: AR) was released for Sep, 2022. According to the Oil & Gas E&P Company, earnings per share came in at $1.63, missing analysts’ expectations of $1.87 by -0.24. This compares to $2.89 EPS in the same period last year. The net profit margin was 26.60% and return on equity was 31.10% for AR. The company reported revenue of $2.09 billion for the quarter, compared to $2.39 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -12.91 percent. For the current quarter, analysts expect AR to generate $1.59B in revenue.
Antero Resources Corporation(AR) Company Profile
Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2021, it had approximately 502,000 net acres in the Appalachian Basin; and 174,000 net acres in the Upper Devonian Shale. The company also owned and operated 494 miles of gas gathering pipelines in the Appalachian Basin; and 21 compressor stations. It had estimated proved reserves of 17.7 trillion cubic feet of natural gas equivalent, including 10.2 trillion cubic feet of natural gas; 718 million barrels of assumed recovered ethane; 501 million barrels of primarily propane, isobutane, normal butane, and natural gasoline; and 36 million barrels of oil. The company was formerly known as Antero Resources Appalachian Corporation and changed its name to Antero Resources Corporation in June 2013. Antero Resources Corporation was founded in 2002 and is headquartered in Denver, Colorado.
