Antero Resources Corp (NYSE:AR) shares traded 0.66% higher at $33.40 on Wall Street last session.
AR stock price is now 16.98% away from the 50-day moving average and 13.94% away from the 200-day moving average. The market capitalization of the company currently stands at $10.39B.
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With the price target of $36, BofA Securities recently initiated with Buy rating for Antero Resources Corp (NYSE: AR). On October 16, 2024, UBS recently initiated its ‘Neutral’ rating on the stock quoting a target price of $33, while ‘Wells Fargo’ rates the stock as ‘Underweight’
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 $8.3 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 7.43% of the company’s stock is owned by insiders.
During the past 12 months, Antero Resources Corp has had a low of $20.10 and a high of $36.28. As of last week, the company has a debt-to-equity ratio of 0.61, a current ratio of 0.28, and a quick ratio of 0.28. The fifty day moving average price for AR is $28.4142 and a two-hundred day moving average price translates $29.2524 for the stock.
The latest earnings results from Antero Resources Corp (NYSE: AR) was released for 2024-09-30. The net profit margin was 1.05% and return on equity was 0.65% for AR. The company reported revenue of $1.06 billion for the quarter, compared to $1.13 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.24 percent.
