In yesterday’s Wall Street session, Antero Resources Corp (NYSE:AR) shares traded at $20.37, down -3.87% from the previous session.
As of this writing, 21 analysts cover Antero Resources Corp (NYSE:AR). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $44.00 and a low of $24.00, we find $32.00. Given the previous closing price of $21.19, this indicates a potential upside of 51.01 percent. AR stock price is now -22.14% away from the 50-day moving average and -16.90% away from the 200-day moving average. The market capitalization of the company currently stands at $6.12B.
There are 10 analysts who have given it a hold rating, whereas 8 have given it a buy rating. Brokers who have rated the stock have averaged $32.33 as their price target over the next twelve months.
With the price target reduced from $37 to $28, Truist Downgraded its rating from Buy to Hold for Antero Resources Corp (NYSE: AR).
In other news, Pearce Sheri, insider sold 3,460 shares of the company’s stock on Nov 02. The stock was sold for $103,523 at an average price of $29.92. Upon completion of the transaction, the insider now directly owns 105,596 shares in the company, valued at $2.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 05, Kennedy Michael N. sold 150,000 shares of the business’s stock. A total of $3,160,500 was realized by selling the stock at an average price of $21.07. This leaves the insider owning 941,832 shares of the company worth $19.19 million. Insiders disposed of 690,662 shares of company stock worth roughly $14.07 million over the past 1 year. A total of 7.74% of the company’s stock is owned by insiders.
Tuesday morning saw Antero Resources Corp (NYSE: AR) opened at $20.57. During the past 12 months, Antero Resources Corp has had a low of $19.91 and a high of $34.66. As of last week, the company has a debt-to-equity ratio of 0.69, a current ratio of 0.29, and a quick ratio of 0.29. The fifty day moving average price for AR is $26.16 and a two-hundred day moving average price translates $24.51 for the stock.
The latest earnings results from Antero Resources Corp (NYSE: AR) was released for Sep, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $0.08, beating analysts’ expectations of $0.04 by 0.04. This compares to $1.72 EPS in the same period last year. The net profit margin was 16.75% and return on equity was 13.44% for AR. The company reported revenue of $1.13 billion for the quarter, compared to $2.06 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -45.45 percent. For the current quarter, analysts expect AR to generate $1.25B in revenue.
Antero Resources Corp(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.
