Antero Resources Corporation (NYSE:AR) is -0.13 points lower today and the only thing that matters is where they go from here. You simply have to look deeper than the share price and explore the fundamentals and future growth potential. The stock value has plummeted by nearly -4.9% to $2.42 from its previous close of $2.55. Does this decline mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 1094452 contracts so far this session. AR shares had a relatively better volume day versus average trading capacity of 11.29 million shares, but with a 0.27 billion float and a -6.59% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for AR stock indicates that the average analyst price target is $4.97 per share. This means the stock has a potential increase of 105.37% from where the AR share price has been trading recently which is between $2.52 and $2.89. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $1.5. Flipping the other side of the coin, an analyst who is fully bullish set a price target as high as $10.
During the recent trading session for Antero Resources Corporation (NYSE:AR), the company witnessed their stock drop by $-0.34 over a week and tumble down $-1.11 from the price 20 days ago. When compared to their established 52-week high of $18.24, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 10/22/18. The recent low of $2.38 stood for a -87.03% since 09/10/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0.8 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to. At the moment, the median target price for AR is set at $4, a figure which is below the recent 1-year high the stock witnessed.
Looking at the current readings for Antero Resources Corporation, the two-week RSI stands at 37.26. This figure suggests that AR stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current AR readings is similarly very revealing as it has a stochastic reading of 27.37% at this stage. This figure means that AR share price today is being overbought.
Technical chart claims that Antero Resources Corporation (AR) would settle between $2.79/share to $3.02/share level. However, if the stock price goes below the $2.42 mark, then the market for Antero Resources Corporation becomes much weaker. If that happens, the stock price might even plunge as low as $2.28 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.02. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Morgan Stanley lowered their recommendation on shares of AR from Equal-Weight to Underweight in their opinion released on October 04. JP Morgan, analysts launched coverage of Antero Resources Corporation (NYSE:AR) stock with a Underweight recommendation, according to their flash note issued to investors on October 03. Analysts at Goldman lowered the stock to a Neutral call from its previous Buy recommendation, in a research note that dated back to September 06.
AR equity has an average rating of 2.48, with the figure leaning towards a bullish end. 20 analysts who tracked the company were contacted by Reuters. Amongst them, 13 rated the stock as a hold while the remaining 7 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 5 analysts rated Antero Resources Corporation (NYSE:AR) as a buy or a strong buy while 2 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, AR stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/E ratio is 1.1 while for the average stock in the same group, the multiple is 10.6. Antero Resources Corporation current P/B ratio of 0.1 means it is trading at a discount against its industry’s 1.1.
Antero Resources Corporation (AR)’s current-quarter revenues are projected to climb by nearly -12.5% to hit $941510, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 4.6% from $4.14 billion to a noteworthy $4.33 billion. At the other end of the current quarter income statement, Antero Resources Corporation is expected to see its adjusted earnings surge by roughly -216.7% to hit $-0.28 per share. For the fiscal year, AR’s earnings are projected to climb by roughly -129% to hit $-0.29 per share.