While Antero Resources Corp has overperformed by 0.26%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AR rose by 13.56%, with highs and lows ranging from $36.28 to $20.10, whereas the simple moving average jumped by 4.81% in the last 200 days.
On October 28, 2024, BofA Securities started tracking Antero Resources Corp (NYSE: AR) recommending Buy. A report published by UBS on October 16, 2024, Initiated its previous ‘Neutral’ rating for AR. Wells Fargo also Downgraded AR shares as ‘Underweight’, setting a target price of $25 on the company’s shares in a report dated October 01, 2024. Citigroup Initiated an Neutral rating on September 17, 2024, and assigned a price target of $29. Wolfe Research September 11, 2024d its ‘Peer Perform’ rating to ‘Outperform’ for AR, as published in its report on September 11, 2024. ROTH MKM’s report from August 27, 2024 suggests a price prediction of $32 for AR shares, giving the stock a ‘Buy’ rating. Scotiabank also rated the stock as ‘Sector Outperform’.
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Analysis of Antero Resources Corp (AR)
Further, the quarter-over-quarter decrease in sales is -7.59%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Antero Resources Corp’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 0.65% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.28, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and AR is recording an average volume of 3.68M. On a monthly basis, the volatility of the stock is set at 3.45%, whereas on a weekly basis, it is put at 3.37%, with a gain of 4.31% over the past seven days. Furthermore, long-term investors anticipate a median target price of $34.05, showing growth from the present price of $30.49, which can serve as yet another indication of whether AR is worth investing in or should be passed over.
How Do You Analyze Antero Resources Corp Shares?
A leading company in the Oil & Gas E&P sector, Antero Resources Corp (AR) is based in the USA. When comparing Antero Resources Corp shares with other companies under Energy, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 212.18, there is a growth in quarterly earnings of -212.50%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 7.43%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 83.59% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
AR shares are owned by institutional investors to the tune of 83.59% at present.
