The price of Antero Resources Corporation (NYSE:AR) shares last traded on Wall Street fell -2.31% to $27.09.
Based on available information, 20 analysts follow Antero Resources Corporation (NYSE:AR). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $45.00 and a low of $23.00, we find $31.50. Given the previous closing price of $27.73, this indicates a potential upside of 13.6 percent. AR stock price is now 11.99% away from the 50-day moving average and 1.43% away from the 200-day moving average. The market capitalization of the company currently stands at $8.33B.
Among analysts, 10 rate the stock a hold while 7 rate it a buy. Brokers who have rated the stock have averaged $31.44 as their price target over the next twelve months.
With the price target of $27, Siebert Williams Shank recently initiated with Hold rating for Antero Resources Corporation (NYSE: AR).
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 $25.51 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 $108.36 million. Insiders disposed of 661,403 shares of company stock worth roughly $17.92 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 WELLINGTON MANAGEMENT GROUP LLP during the first quarter worth $137,279,000. POINTSTATE CAPITAL LP invested $28,496,000 in shares of AR during the first quarter. In the first quarter, WOODLINE PARTNERS LP acquired a new stake in Antero Resources Corporation valued at approximately $24,075,000. CINCTIVE CAPITAL MANAGEMENT LP acquired a new stake in AR for approximately $21,767,000. HERR INVESTMENT GROUP LLC purchased a new stake in AR valued at around $19,792,000 in the second quarter. In total, there are 488 active investors with 79.90% ownership of the company’s stock.
A candlestick chart of Antero Resources Corporation (NYSE: AR) showed a price of $27.35 on Friday morning. During the past 12 months, Antero Resources Corporation has had a low of $19.91 and a high of $45.33. As of last week, the company has a debt-to-equity ratio of 0.22, a current ratio of 0.30, and a quick ratio of 0.30. The fifty day moving average price for AR is $24.29 and a two-hundred day moving average price translates $26.66 for the stock.
The latest earnings results from Antero Resources Corporation (NYSE: AR) was released for Jun, 2023. According to the Oil & Gas E&P Company, earnings per share came in at -$0.28, inline with analysts’ expectations of -$0.28. This compares to $2.29 EPS in the same period last year. The net profit margin was 21.80% and return on equity was 21.30% for AR. The company reported revenue of $953.3 million for the quarter, compared to $2.2 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -56.7 percent. For the current quarter, analysts expect AR to generate $1.09B 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.
