Antero Resources Corporation [AR] moved down -0.11: Why It’s Important

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Antero Resources Corporation [NYSE: AR] traded at a low on 05/02/22, posting a -0.11 loss after which it closed the day’ session at $35.16. The company report on April 27, 2022 that Antero Resources Reports First Quarter 2022 Financial and Operational Results.

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Antero Resources Corporation (NYSE: AR) (“Antero Resources”, “Antero”, or the “Company”) today announced its first quarter 2022 financial and operating results. The relevant consolidated financial statements are included in Antero Resources’ Quarterly Report on Form 10-Q for the quarter ended March 31, 2022.

The results of the trading session contributed to over 9560991 shares changing hands. Over the past one week, the price volatility of Antero Resources Corporation stands at 7.44% while the volatility over the past one month is 5.62%.

The market cap for AR stock reached $11.15 billion, with 314.08 million shares outstanding and 274.08 million shares in the current float. Compared to the average trading volume of 8.71M shares, AR reached a trading volume of 9560991 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Antero Resources Corporation [AR]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AR shares is $43.31 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AR stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for Antero Resources Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 21, 2022. While these analysts kept the previous recommendation, BMO Capital Markets raised their target price from $27 to $28. The new note on the price target was released on January 10, 2022, representing the official price target for Antero Resources Corporation stock. Previously, the target price had yet another raise to $32, while The Benchmark Company analysts kept a Buy rating on AR stock. On October 18, 2021, analysts increased their price target for AR shares from 17 to 32.

The Average True Range (ATR) for Antero Resources Corporation is set at 1.97, with the Price to Sales ratio for AR stock in the period of the last 12 months amounting to 2.41. The Price to Book ratio for the last quarter was 2.02. Price to Free Cash Flow for AR in the course of the last twelve months was 6.87 with Quick ratio for the last quarter at 0.30.

How has AR stock performed recently?

Antero Resources Corporation [AR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.25. With this latest performance, AR shares gained by 15.17% in over the last four-week period, additionally plugging by 76.95% over the last 6 months – not to mention a rise of 259.14% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AR stock in for the last two-week period is set at 62.87, with the RSI for the last a single of trading hit 60.94, and the three-weeks RSI is set at 64.34 for Antero Resources Corporation [AR]. The present Moving Average for the last 50 days of trading for this stock 29.18, while it was recorded at 34.46 for the last single week of trading, and 20.43 for the last 200 days.

Antero Resources Corporation [AR]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Antero Resources Corporation [AR] shares currently have an operating margin of +31.31 and a Gross Margin at +33.53. Antero Resources Corporation’s Net Margin is presently recorded at -2.85.

Return on Equity for this stock declined to -3.24, with Return on Assets sitting at -1.29.

Antero Resources Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 0.30.

Insider trade positions for Antero Resources Corporation [AR]

There are presently around $8,288 million, or 76.60% of AR stock, in the hands of institutional investors. The top three institutional holders of AR stocks are: FMR LLC with ownership of 28,521,103, which is approximately 9.358% of the company’s market cap and around 5.20% of the total institutional ownership; VANGUARD GROUP INC, holding 26,219,640 shares of the stock with an approximate value of $921.88 million in AR stocks shares; and BLACKROCK INC., currently with $806.05 million in AR stock with ownership of nearly 0.415% of the company’s market capitalization.

Positions in Antero Resources Corporation stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 159 institutional holders increased their position in Antero Resources Corporation [NYSE:AR] by around 31,727,377 shares. Additionally, 148 investors decreased positions by around 33,985,032 shares, while 33 investors held positions by with 170,023,891 shares. The mentioned changes placed institutional holdings at 235,736,300 shares, according to the latest SEC report filing. AR stock had 72 new institutional investments in for a total of 13,188,207 shares, while 44 institutional investors sold positions of 7,396,027 shares during the same period.