Antero Resources Corp (NYSE:AR) shares, rose in value, with the stock price up by 0.84% to the previous day’s close as strong demand from buyers drove the stock to $28.85.
Actively observing the price movement in the last trading, the stock closed the session at $28.61, falling within a range of $28.46 and $29.1. The value of beta (5-year monthly) was 3.346 whereas the PE ratio was 107.73 over 12-month period. Referring to stock’s 52-week performance, its high was $36.28, and the low was $20.10. On the whole, AR has fluctuated by 8.91% over the past month.
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With the market capitalization of Antero Resources Corp currently standing at about $8.97 billion, investors are eagerly awaiting this quarter’s results, scheduled for in November.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4.29B, with a low estimate of 980M and a high estimate of 1.17B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.05B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AR’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of AR currently trading nearly 1.96% and 5.56% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.91, while the 7-day volatility ratio is showing 2.39% which for the 30-day chart, stands at 3.04%. Furthermore, Antero Resources Corp (AR)’s beta value is 3.36, and its average true range (ATR) is 0.92.
A comparison of Antero Resources Corp (AR) with its peers suggests the former has fared considerably weaker in the market. AR showed an intraday change of 0.84% in last session, and over the past year, it grew by 6.34%%.
Data on historical trading for Antero Resources Corp (NYSE:AR) indicates that the trading volumes over the past 10 days have averaged 3.74 and over the past 3 months, they’ve averaged 3.70 million. According to company’s latest data on outstanding shares, there are 303.54 million shares outstanding.
Nearly 7.55% of Antero Resources Corp’s shares belong to company insiders and institutional investors own 84.11% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.77 million shares as on 2024-09-30, resulting in a short ratio of 2.2. According to the data, the short interest in Antero Resources Corp (AR) stood at 360.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 8.19 million. The stock has risen by 27.20% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AR stock heading into the next quarter.
