Antero Resources Corp (NYSE:AR) shares, rose in value, with the stock price up by 6.20% to the previous day’s close as strong demand from buyers drove the stock to $33.39.
Actively observing the price movement in the last trading, the stock closed the session at $31.44. The PE ratio was 165.13 over 12-month period. Referring to stock’s 52-week performance, its high was $31.72, and the low was $19.91. On the whole, AR has fluctuated by 22.22% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4.36B, with a low estimate of 939.53M and a high estimate of 1.03B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 987.23M.
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 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of AR currently trading nearly 12.58% and 22.58% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 80.04, while the 7-day volatility ratio is showing 4.54% which for the 30-day chart, stands at 3.50%. Furthermore, Antero Resources Corp (AR)’s beta value is 3.33, and its average true range (ATR) is 1.06.
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 6.20% in last session, and over the past year, it grew by 51.09%%.
Data on historical trading for Antero Resources Corp (NYSE:AR) indicates that the trading volumes over the past 3 months, they’ve averaged 4.70 million. According to company’s latest data on outstanding shares, there are 303.54 million shares outstanding.
Nearly 7.45% of Antero Resources Corp’s shares belong to company insiders and institutional investors own 82.63% of the company’s shares. The stock has risen by 47.22% 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.
