The stock of Antero Resources Corp (NYSE:AR) last traded at $31.02, up 2.14% from the previous session.
AR stock price is now 15.56% away from the 50-day moving average and 21.65% away from the 200-day moving average. The market capitalization of the company currently stands at $9.42B.
With the price target enhanced from $26 to $36, Morgan Stanley Upgraded its rating from Equal-Weight to Overweight for Antero Resources Corp (NYSE: AR). On April 10, 2024, Barclays recently initiated its ‘Equal Weight’ rating on the stock quoting a target price of $32, while ‘JP Morgan’ rates the stock as ‘Overweight’
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 $93.06 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 $100.27 million. A total of 7.46% 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 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.
