The stock of Antero Resources Corp (NYSE:AR) last traded at $30.49, up 0.86% from the previous session.
AR stock price is now 19.71% away from the 50-day moving average and 21.11% away from the 200-day moving average. The market capitalization of the company currently stands at $9.26B.
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With the price target of $32, Barclays recently initiated with Equal Weight rating for Antero Resources Corp (NYSE: AR). On March 20, 2024, JP Morgan Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $27 to quote $30, while ‘The Benchmark Company’ rates the stock as ‘Hold’
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 $91.47 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 $98.55 million. A total of 7.49% 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 fifty day moving average price for AR is $25.47 and a two-hundred day moving average price translates $25.18 for the stock.
The latest earnings results from Antero Resources Corp (NYSE: AR) was released for Dec, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $0.23, beating analysts’ expectations of $0.21 by 0.02. This compares to $2.27 EPS in the same period last year. 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. For the current quarter, analysts expect AR to generate $1.08B in revenue.
