In yesterday’s Wall Street session, Antero Resources Corporation (NYSE:AR) shares traded at $22.02, down -2.22% from the previous session.
19 analysts cover Antero Resources Corporation (NYSE:AR), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $43.00 and a low of $23.00, we find $34.00. Given the previous closing price of $22.52, this indicates a potential upside of 50.98 percent. AR stock price is now -2.94% away from the 50-day moving average and -28.98% away from the 200-day moving average. The market capitalization of the company currently stands at $6.37B.
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The stock has received a hold rating from 9 analysts and a buy rating from 8. Brokers who have rated the stock have averaged $32.07 as their price target over the next twelve months.
With the price target reduced from $32 to $25, Wells Fargo Downgraded its rating from Overweight to Equal Weight for Antero Resources Corporation (NYSE: AR). On March 22, 2023, BMO Capital Markets Downgraded its previous ‘Outperform’ rating to ‘Market Perform’ on the stock reducing its target price from $31 to quote $28, while ‘Raymond James’ rates the stock as ‘Mkt Perform’.
In other news, Kennedy Michael N., insider sold 150,000 shares of the company’s stock on May 05. The stock was sold for $3,160,500 at an average price of $21.07. Upon completion of the transaction, the insider now directly owns 941,832 shares in the company, valued at $20.74 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 07, Director Keenan W Howard JR sold 779,755 shares of the business’s stock. A total of $24,435,884 was realized by selling the stock at an average price of $31.34. This leaves the insider owning 4,000,000 shares of the company worth $88.08 million. Insiders disposed of 1,377,225 shares of company stock worth roughly $30.33 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 PALO DURO INVESTMENT PARTNERS, LP during the first quarter worth $43,169,000. ALYESKA INVESTMENT GROUP, L.P. invested $11,124,000 in shares of AR during the first quarter. In the first quarter, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP acquired a new stake in Antero Resources Corporation valued at approximately $5,636,000. CIBC WORLD MARKETS CORP acquired a new stake in AR for approximately $5,461,000. M&G INVESTMENT MANAGEMENT LTD purchased a new stake in AR valued at around $4,749,000 in the second quarter. In total, there are 570 active investors with 79.90% ownership of the company’s stock.
On Tuesday morning Antero Resources Corporation (NYSE: AR) stock kicked off with the opening price of $22.50. During the past 12 months, Antero Resources Corporation has had a low of $20.06 and a high of $48.80. As of last week, the company has a debt-to-equity ratio of 0.19, a current ratio of 0.30, and a quick ratio of 0.30. The fifty day moving average price for AR is $22.60 and a two-hundred day moving average price translates $30.92 for the stock.
The latest earnings results from Antero Resources Corporation (NYSE: AR) was released for Mar, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $0.5, missing analysts’ expectations of $0.54 by -0.04. This compares to -$0.50 EPS in the same period last year. The net profit margin was 29.20% and return on equity was 35.10% for AR. The company reported revenue of $1.41 billion for the quarter, compared to $786.84 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 78.99 percent. For the current quarter, analysts expect AR to generate $1.05B in revenue.
Antero Resources Corporation(AR) Company Profile
Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates through three segments: Exploration, Development and Production of Natural Gas, NGLs and Oil; Marketing and Utilization of Excess Firm Transportation Capacity; and Midstream Services Through Our Equity Method Investment in Antero Midstream. As of December 31, 2022, the company had approximately 504,000 net acres in the Appalachian Basin; and 174,000 net acres in the Upper Devonian Shale. It also owned and operated 620 miles of gas gathering pipelines in the Appalachian Basin; and 34 compressor stations. 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 incorporated in 2002 and is headquartered in Denver, Colorado.
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