Antero Resources Corp [NYSE: AR] gained 5.12% or 1.4 points to close at $28.72 with a heavy trading volume of 5578924 shares. The company report on March 11, 2024 at 7:30 AM that Antero Resources Announces Redemption of Outstanding 4.25% Convertible Senior Notes Due 2026.
Antero Resources Corporation (NYSE: AR) (“Antero Resources,” “Antero,” or the “Company”) today announced that it has called all of its outstanding 4.25% Convertible Senior Notes Due 2026 (the “Notes”) (CUSIP No. 03674X AM8) for redemption on Monday, April 1, 2024 (the “Redemption Date”).
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The aggregate principal amount of the Notes being redeemed is $26,386,000. This is equal to the current aggregate principal amount of Notes outstanding. The redemption price will be equal to 100% of the principal amount of each Note called for redemption, plus accrued and unpaid interest on such Note to, but excluding, the Redemption Date for such Note (the “Redemption Price”). For each $1,000 principal amount of Notes, the Redemption Price is equal to $1,003.54.
The daily chart for AR points out that the company has recorded 18.34% gains over the past six months.
If we look at the average trading volume of 4.91M shares, AR reached to a volume of 5578924 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 Corp [AR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AR shares is $29.89 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 2.10. 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.
JP Morgan have made an estimate for Antero Resources Corp shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on March 20, 2024. The new note on the price target was released on February 22, 2024, representing the official price target for Antero Resources Corp stock. Previously, the target price had yet another raise to $32, while Tudor Pickering Holt & Co. analysts kept a Buy rating on AR stock.
The Average True Range (ATR) for Antero Resources Corp is set at 0.78, with the Price to Sales ratio for AR stock in the period of the last 12 months amounting to 1.93. The Price to Book ratio for the last quarter was 1.25, with the Price to Cash per share for the same quarter was set at 0.00. Price to Free Cash Flow for AR in the course of the last twelve months was 10.54 with Quick ratio for the last quarter at 0.33.
Trading performance analysis for AR stock
Antero Resources Corp [AR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.61. With this latest performance, AR shares gained by 13.03% in over the last four-week period, additionally plugging by 18.34% over the last 6 months – not to mention a rise of 29.90% 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 75.52, with the RSI for the last a single of trading hit 81.03, and the three-weeks RSI is set at 70.93 for Antero Resources Corp [AR]. The present Moving Average for the last 50 days of trading for this stock 24.30, while it was recorded at 27.47 for the last single week of trading, and 24.86 for the last 200 days.
Antero Resources Corp [AR]: A deeper dive into fundamental analysis
Antero Resources Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.33 and a Current Ratio set at 0.33.
Antero Resources Corp [AR]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Antero Resources Corp posted 0.5/share EPS, while the average EPS was predicted by analysts to be reported at 0.54/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -7.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AR.
An analysis of Institutional ownership at Antero Resources Corp [AR]
The top three institutional holders of AR stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in AR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in AR stock with ownership which is approximately 5.8325%.
