Analysts at CapitalOne cut their rating on shares of Antero Resources Corporation (NYSE:AR) from Overweight to Equal Weight in their opinion released on December 20. Raymond James analysts have downgraded their rating of AR stock from Outperform to Underperform in a separate flash note to investors on December 19.
By watching the trading activity of corporate insiders, it will become easier to get a sense of Antero Resources Corporation (NYSE:AR)’s prospects. The earliest insider trade took place on 12/04/2018. Clark Robert J parted with a total of 20.43 thousand shares of company at average share price of $12.8. The total for the sales was set at $261.49 thousand. After this transaction, the Director account balance stood at 26.92 thousand shares. The stock lost -17.97 percent since that insider sale. On 11/20/2018, Hardesty Benjamin A., Director, sold 1 thousand shares at a price per share of $13.5. This removed 13.5 thousand shares from the insider’s fortune and the stock saw a -22.22 percent retreat in value since the news became public. This transaction left 38.57 thousand shares in the Director account. On 11/08/2018, Director, 10% Owner Warburg Pincus Private Equity performed a sale transaction worth $206.23 million. This sale at $15.87 each has eliminated 12.99 million shares from the insider’s portfolio position. Meanwhile, shares have recorded -33.84 percent decrease since the transaction was reported. The insider now is left with 33.61 million shares remaining in the account. Warburg Pincus Private Equity, who performs the Director, 10% Owner job, sold 5.19 thousand shares for $82.43 thousand. The disposal occurred on 11/08/2018 was priced at $15.87 per share. The share price plunged -33.84 percent since the reporting date. Warburg Pincus Private Equity now left with a stake of 0 thousand AR stock worth $0 thousand after the insider selling.
Antero Resources Corporation (AR) is expected to jump by 69.52 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $28-month high price target. This represents a whopping 166.67 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $17.5, which represents a return potential of 66.67 percent when compared to the closing price of the stock of $10.5 on Friday, January 11. The lowest price target for the stock is $10 — slightly more than -4.76 percent from AR’s current share price.
The shares are currently floating around the first support level of $10.35. Below this, the next support is placed in the zone of $10.2. Till the time, the AR stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 41.99 on daily chart, which may remain a cause for concern. If the price breaks below $10.2 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $10.64 mark may result into a pull-back move towards $10.78 level.
AR shares dropped -0.16 points or -1.5 percent on Friday to $10.5 with a light trade volume of 4.501 million shares. After opening the session at $10.51, the shares went as high as $10.63 and as low as $10.34, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $3.38 billion and now has 321.94 million shares outstanding. Antero Resources Corporation (AR) stock has lost -15.59 percent of market value in 21 trading days.
AR stock has a trailing 3-year beta of 1.1, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $2.02 a share in the trailing twelve months. The stock’s value has surged 11.82 percent year to date (YTD) against a decline of -45.08 percent in 12 month’s time. The company’s shares still trade -53.72 percent away from its 1-year high of $22.69 and 18.51 percent up from 52-week low of $8.86. The average consensus rating on the company is 2.5, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.
Shares of Antero Resources Corporation (AR) are trading at a P/E ratio of 6.63 times earnings reported for the past 12 months. The industry AR operates in has an average P/E of 16.71. Its P/E ratio went as low as 5.76X and as high as 15.84 over the 5-year span. Further, it is sporting a 0.82 on the Price-to-Sales ratio. Compare this with the industry average P/S of 99.8. 94.3 percent is the gross profit margin for Antero Resources Corporation and operating margin sits at 7.4 percent. Along with this, the net profit margin is 5.1 percent.