Stocks of Antero Resources Corp (NYSE:AR) traded higher last session on Wall Street, up 1.96% to $40.15.
AR stock price is now 11.91% away from the 50-day moving average and 26.90% away from the 200-day moving average. The market capitalization of the company currently stands at $12.49B.
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 $9.97 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 7.46% 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 0.57, a current ratio of 0.35, and a quick ratio of 0.35. The fifty day moving average price for AR is $35.7292 and a two-hundred day moving average price translates $31.6062 for the stock.
The latest earnings results from Antero Resources Corp (NYSE: AR) was released for 2024-09-30. The net profit margin was 1.32% and return on equity was 0.82% for AR. The company reported revenue of $1.17 billion for the quarter, compared to $1.19 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.13 percent.
