Antero Resources Corporation [AR] Stock trading around $23.14 per share: What’s Next?

Antero Resources Corporation [NYSE: AR] gained 0.48% or 0.11 points to close at $23.14 with a heavy trading volume of 5253400 shares. The company report on February 15, 2023 that Antero Resources Announces Fourth Quarter 2022 Results, Year End Reserves and 2023 Capital Budget and Guidance.

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Antero Resources Corporation (NYSE: AR) (“Antero Resources,” “Antero,” or the “Company”) today announced its fourth quarter 2022 financial and operating results, year end 2022 estimated proved reserves and 2023 capital budget and guidance. The relevant consolidated financial statements are included in Antero Resources’ Annual Report on Form 10-K for the year ended December 31, 2022.

It opened the trading session at $23.02, the shares rose to $23.71 and dropped to $22.589, the range by which the price of stock traded the whole day. The daily chart for AR points out that the company has recorded -43.97% loss over the past six months. However, it is still -2.39% lower than its most recent low trading price.

If we look at the average trading volume of 6.10M shares, AR reached to a volume of 5253400 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $36.00 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 2.30. 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.

Raymond James have made an estimate for Antero Resources Corporation shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on February 06, 2023. While these analysts kept the previous recommendation, Wells Fargo raised their target price to Overweight. The new note on the price target was released on January 25, 2023, representing the official price target for Antero Resources Corporation stock. Previously, the target price had yet another raise from $47 to $51, while Mizuho kept a Buy rating on AR stock.

The Average True Range (ATR) for Antero Resources Corporation is set at 1.25, with the Price to Sales ratio for AR stock in the period of the last 12 months amounting to 0.99. The Price to Book ratio for the last quarter was 1.02. Price to Free Cash Flow for AR in the course of the last twelve months was 2.33 with Quick ratio for the last quarter at 0.40.

Trading performance analysis for AR stock

Antero Resources Corporation [AR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.86. With this latest performance, AR shares dropped by -18.32% in over the last four-week period, additionally sinking by -43.97% over the last 6 months – not to mention a drop of -13.24% 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 33.37, with the RSI for the last a single of trading hit 28.67, and the three-weeks RSI is set at 36.16 for Antero Resources Corporation [AR]. The present Moving Average for the last 50 days of trading for this stock 27.54, while it was recorded at 23.79 for the last single week of trading, and 34.19 for the last 200 days.

Antero Resources Corporation [AR]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Antero Resources Corporation [AR] shares currently have an operating margin of +49.86 and a Gross Margin at +51.84. Antero Resources Corporation’s Net Margin is presently recorded at +21.69.

Return on Equity for this stock inclined to 30.35, with Return on Assets sitting at 12.83.

Antero Resources Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.40.

An analysis of insider ownership at Antero Resources Corporation [AR]

There are presently around $5,657 million, or 79.90% of AR stock, in the hands of institutional investors. The top three institutional holders of AR stocks are: FMR LLC with ownership of 43,540,307, which is approximately -4.805% of the company’s market cap and around 4.80% of the total institutional ownership; VANGUARD GROUP INC, holding 26,562,257 shares of the stock with an approximate value of $614.65 million in AR stocks shares; and BLACKROCK INC., currently with $580.25 million in AR stock with ownership of nearly 102.284% of the company’s market capitalization.

Positions in Antero Resources Corporation stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 254 institutional holders increased their position in Antero Resources Corporation [NYSE:AR] by around 49,879,340 shares. Additionally, 216 investors decreased positions by around 39,864,768 shares, while 47 investors held positions by with 154,709,615 shares. The mentioned changes placed institutional holdings at 244,453,723 shares, according to the latest SEC report filing. AR stock had 112 new institutional investments in for a total of 5,270,704 shares, while 67 institutional investors sold positions of 6,814,080 shares during the same period.


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