Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of Antero Resources Corp (NYSE: AR) was $33.39 for the day, up 6.20% from the previous closing price of $31.44. In other words, the price has increased by $6.20 from its previous closing price. On the day, 10.01 million shares were traded. AR stock price reached its highest trading level at $33.61 during the session, while it also had its lowest trading level at $31.68.
Ratios:
Our analysis of AR’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.29 and its Current Ratio is at 0.29. In the meantime, Its Debt-to-Equity ratio is 0.63 whereas as Long-Term Debt/Eq ratio is at 0.55.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on April 17, 2024, Upgraded its rating to Overweight and sets its target price to $36 from $26 previously.
On April 10, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $32.
JP Morgan Upgraded its Neutral to Overweight on March 20, 2024, whereas the target price for the stock was revised from $27 to $30.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 14 ’24 when Keenan W Howard JR sold 232,293 shares for $25.85 per share. The transaction valued at 6,004,774 led to the insider holds 3,000,000 shares of the business.
Keenan W Howard JR sold 560,729 shares of AR for $14,747,173 on Mar 13 ’24. The Director now owns 3,232,293 shares after completing the transaction at $26.30 per share. On Mar 13 ’24, another insider, Pearce Sheri, who serves as the insider of the company, sold 28,009 shares for $26.29 each. As a result, the insider received 736,357 and left with 106,698 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AR now has a Market Capitalization of 10136135680. As of this moment, Antero’s Price-to-Earnings (P/E) ratio for their current fiscal year is 165.13, and their Forward P/E ratio for the next fiscal year is 12.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.33 while its Price-to-Book (P/B) ratio in mrq is 1.47.
Stock Price History:
Over the past 52 weeks, AR has reached a high of $31.72, while it has fallen to a 52-week low of $19.91. The 50-Day Moving Average of the stock is 22.58%, while the 200-Day Moving Average is calculated to be 30.51%.
Shares Statistics:
AR traded an average of 4.70M shares per day over the past three months and 4933160 shares per day over the past ten days. A total of 303.54M shares are outstanding, with a floating share count of 280.95M. Insiders hold about 7.45% of the company’s shares, while institutions hold 82.63% stake in the company. Shares short for AR as of 1713139200 were 12545031 with a Short Ratio of 2.67, compared to 1710460800 on 12721562. Therefore, it implies a Short% of Shares Outstanding of 12545031 and a Short% of Float of 5.1999997.
