In yesterday’s Wall Street session, Antero Resources Corp (NYSE:AR) shares traded at $33.80, up 1.23% from the previous session.
AR stock price is now 22.96% away from the 50-day moving average and 31.86% away from the 200-day moving average. The market capitalization of the company currently stands at $10.51B.
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With the price target enhanced from $26 to $36, Morgan Stanley Upgraded its rating from Equal-Weight to Overweight for Antero Resources Corp (NYSE: AR). On April 10, 2024, Barclays recently initiated its ‘Equal Weight’ rating on the stock quoting a target price of $32, while ‘JP Morgan’ rates the stock as ‘Overweight’
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 $101.4 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 $109.25 million. A total of 7.45% 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 $33.61. As of last week, the company has a debt-to-equity ratio of 0.63, a current ratio of 0.29, and a quick ratio of 0.29.
The net profit margin was 1.51% and return on equity was 0.94% for AR. The company reported revenue of $1.12 billion for the quarter, compared to $1.41 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -20.31 percent.
