In yesterday’s Wall Street session, Antero Resources Corp (NYSE:AR) shares traded at $37.22, up 2.39% from the previous session.
AR stock price is now 8.44% away from the 50-day moving average and 19.52% away from the 200-day moving average. The market capitalization of the company currently stands at $11.58B.
With the price target enhanced from $24 to $32, Wells Fargo Upgraded its rating from Underweight to Equal Weight for Antero Resources Corp (NYSE: AR). On October 28, 2024, BofA Securities recently initiated its ‘Buy’ rating on the stock quoting a target price of $36, while ‘UBS’ rates the stock as ‘Neutral’
In other news, Schultz Yvette K, insider sold 50,000 shares of the company’s stock on Aug 05 ’24. The stock was sold for $1,262,000 at an average price of $25.24. Upon completion of the transaction, the insider now directly owns 248,363 shares in the company, valued at $9.24 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 05 ’24, Officer Yvette Schultz bought 50,000 shares of the business’s stock. A total of $1,261,813 was incurred on buying the stock at an average price of $25.24. A total of 7.43% of the company’s stock is owned by insiders.
During the past 12 months, Antero Resources Corp has had a low of $20.56 and a high of $41.53. As of last week, the company has a debt-to-equity ratio of 0.61, a current ratio of 0.28, and a quick ratio of 0.28. The fifty day moving average price for AR is $34.202 and a two-hundred day moving average price translates $31.1069 for the stock.
The latest earnings results from Antero Resources Corp (NYSE: AR) was released for 2024-09-30. The net profit margin was 1.05% and return on equity was 0.65% for AR. The company reported revenue of $1.06 billion for the quarter, compared to $1.13 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.24 percent.
