In Thursday’s Wall Street session, Antero Resources Corp (NYSE:AR) shares traded at $35.58, down -3.94% from the previous session.
AR stock price is now -3.99% away from the 50-day moving average and 11.73% away from the 200-day moving average. The market capitalization of the company currently stands at $11.07B.
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, Keenan W Howard JR, Director sold 700,000 shares of the company’s stock on Feb 19 ’25. The stock was sold for $28,395,850 at an average price of $40.57. Upon completion of the transaction, the Director now directly owns 1,100,000 shares in the company, valued at $39.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 18 ’25, Director Keenan W Howard JR sold 200,000 shares of the business’s stock. A total of $7,952,560 was realized by selling the stock at an average price of $39.76. This leaves the insider owning 1,800,000 shares of the company worth $64.04 million. A total of 7.35% of the company’s stock is owned by insiders.
During the past 12 months, Antero Resources Corp has had a low of $24.53 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 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.
