Antero Resources Corp (NYSE: AR): Should Value Hunters Buy Stock?

Antero Resources Corp (NYSE:AR) price closed higher on Tuesday, April 16, jumping 0.41% above its previous close.

A look at the daily price movement shows that the last close reads $29.00. The company’s P/E ratio in the trailing 12-month period read 37.75. Taking into account the 52-week price action we note that the stock hit a 52-week high of $30.90 and 52-week low of $19.91. The stock added 12.82% on its value in the past month.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give AR a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.

The overview shows that AR’s price is at present 2.01% off the SMA20 and 11.75% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 59.16, with weekly volatility standing at 3.73%. The indicator jumps to 2.87% when calculated based on the past 30 days. Antero Resources Corp (NYSE:AR)’s beta value is holding at 3.35, while the average true range (ATR) indicator is currently reading 0.87.

An analysis of the Antero Resources Corp (NYSE:AR) stock in terms of its daily trading volume indicates that the 3-month average is 4.66 million.

Current records show that the company has 303.54M in outstanding shares. The insiders’ percentage holdings are 7.49% of outstanding shares while the percentage share held by institutions stands at 82.38%. But the 28.40% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.

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