The price of Antero Resources Corp (NYSE:AR) shares last traded on Wall Street fell -0.34% to $29.41.
AR stock price is now 18.86% away from the 50-day moving average and 17.72% away from the 200-day moving average. The market capitalization of the company currently stands at $8.93B.
With the price target enhanced from $27 to $30, JP Morgan Upgraded its rating from Neutral to Overweight for Antero Resources Corp (NYSE: AR). , while ‘Tudor Pickering Holt & Co.’ rates the stock as ‘Buy’
In other news, Keenan W Howard JR, Director sold 232,293 shares of the company’s stock on Mar 14 ’24. The stock was sold for $6,004,774 at an average price of $25.85. Upon completion of the transaction, the Director now directly owns 3,000,000 shares in the company, valued at $88.23 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 13 ’24, Director Keenan W Howard JR sold 560,729 shares of the business’s stock. A total of $14,747,173 was realized by selling the stock at an average price of $26.30. This leaves the insider owning 3,232,293 shares of the company worth $95.06 million. A total of 7.49% of the company’s stock is owned by insiders.
During the past 12 months, Antero Resources Corp has had a low of $19.91 and a high of $30.90. As of last week, the company has a debt-to-equity ratio of 0.65, a current ratio of 0.33, and a quick ratio of 0.33. The fifty day moving average price for AR is $25.07 and a two-hundred day moving average price translates $25.14 for the stock.
The latest earnings results from Antero Resources Corp (NYSE: AR) was released for Dec, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $0.23, beating analysts’ expectations of $0.21 by 0.02. This compares to $2.27 EPS in the same period last year. The net profit margin was 5.38% and return on equity was 3.54% for AR. The company reported revenue of $1.19 billion for the quarter, compared to $2.09 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -42.73 percent. For the current quarter, analysts expect AR to generate $1.08B 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 in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream. As of December 31, 2023, the company had approximately 515,000 net acres in the Appalachian Basin; and approximately 172,000 net acres in the Upper Devonian Shale. Its gathering and compression systems also comprise 631 miles of gas gathering pipelines in the Appalachian Basin. 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.
