The price of Antero Resources Corp (NYSE:AR) shares last traded on Wall Street fell -1.97% to $28.89.
AR stock price is now 8.70% away from the 50-day moving average and 16.08% away from the 200-day moving average. The market capitalization of the company currently stands at $8.68B.
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With the price target maintained at $37, Raymond James recently Upgraded its rating from Mkt Perform to Strong Buy for Antero Resources Corp (NYSE: AR).
In other news, Kennedy Michael N., insider sold 150,000 shares of the company’s stock on May 05. The stock was sold for $3,160,500 at an average price of $21.07. Upon completion of the transaction, the insider now directly owns 941,832 shares in the company, valued at $27.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 07, Director Keenan W Howard JR sold 779,755 shares of the business’s stock. A total of $24,435,884 was realized by selling the stock at an average price of $31.34. This leaves the insider owning 4,000,000 shares of the company worth $115.56 million. Insiders disposed of 656,403 shares of company stock worth roughly $18.96 million over the past 1 year. A total of 7.81% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AR stock. A new stake in Antero Resources Corp shares was purchased by WELLINGTON MANAGEMENT GROUP LLP during the first quarter worth $146,401,000. POINTSTATE CAPITAL LP invested $30,390,000 in shares of AR during the first quarter. In the first quarter, WOODLINE PARTNERS LP acquired a new stake in Antero Resources Corp valued at approximately $25,675,000. CINCTIVE CAPITAL MANAGEMENT LP acquired a new stake in AR for approximately $23,214,000. HERR INVESTMENT GROUP LLC purchased a new stake in AR valued at around $21,107,000 in the second quarter. In total, there are 488 active investors with 79.82% ownership of the company’s stock.
A candlestick chart of Antero Resources Corp (NYSE: AR) showed a price of $29.62 on Friday morning. During the past 12 months, Antero Resources Corp has had a low of $19.91 and a high of $40.19. As of last week, the company has a debt-to-equity ratio of 0.69, a current ratio of 0.29, and a quick ratio of 0.29. The fifty day moving average price for AR is $26.60 and a two-hundred day moving average price translates $24.89 for the stock.
The latest earnings results from Antero Resources Corp (NYSE: AR) was released for Sep, 2023. According to the Oil & Gas E&P Company, earnings per share came in at -$0.28, inline with analysts’ expectations of -$0.28. This compares to $1.72 EPS in the same period last year. The net profit margin was 16.75% and return on equity was 13.44% for AR. The company reported revenue of $1.13 billion for the quarter, compared to $2.06 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -45.45 percent. For the current quarter, analysts expect AR to generate $1.07B in revenue.
