An Estimate Of Target Price: Antero Resources Corporation (AR), Chico’s FAS, Inc. (CHS) – The RNS Daily

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AR trading volume has added 1738482 shares compared to readings over the past three months as it recently exchanged 8048482 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 6310000 shares, and this is 1.28 times the normal volume. A look at its technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 55.17 point.

Antero Resources Corporation (NYSE:AR) dipped by -12.39% over the past three months which led to its overall six-month decrease to stand at -51.38%. The equity price rose 1.7% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a 8.19% gain over the past 30 days. Over the past 12 months the stock has embarked on a drop that has seen it decline -55.7% and is now down by -4.37% since start of this year.

The shares of Antero Resources Corporation dropped by -60.42% or -$13.71 from its last recorded high of $22.69 which it attained on October 07 to close at $8.98 per share. Over the past 52 weeks, the shares of Antero Resources Corporation has been trading as low as $7.63 before witnessing a massive surge by 17.69% or $1.35. This price movement has led to the AR stock receiving more attention and has become one to watch out for. It jumped by 6.78% on Sunday and this got the market excited. The stock’s beta now stands at 1 and when compared to its 200-day moving average and its 50-day moving average, AR price stands -39.1% below and -1.02% below respectively. Its average daily volatility for this week is 4.9% which is more than the 4.17% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Antero Resources Corporation (AR) with most of them predicting a $13.78 price target on a short-term (12 months) basis. The average price target by the analysts will see a 53.45% rise in the stock and would lead to AR’s market cap to surge to $3.98B. The stock has been rated an average 2.6, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 17 analysts that track Antero Resources Corporation (NYSE:AR) and find out that 9 of them rated it as a Hold. 6 of the 8 analysts rated it as a Buy or a Strong Buy while 2 advised investors to desist from buying the stock or sell it if they already possess it.

The price of Chico’s FAS, Inc. (NYSE:CHS) currently stands at $4.11 after it went down by $-0.12 or -2.84% and has found a strong support at $4.01 a share. If the CHS price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $3.91 mark would also be bad for the stock as it means that the stock would plunge by 4.87% from its current position. However, if the stock price is able to trade above the resistance point around $4.23, then it could likely surge higher to try and break the upward resistance which stands at $4.35 a share. Its average daily volatility over the past one month stands at 4.6%. The stock has plunged by 1.95% from its 52-weeks high of $4.03 which it reached on May. 16, 2018. In general, it is -1.46% above its 52-weeks lowest point which stands at $4.17 and this setback was observed on May. 04, 2019.

Analysts have predicted a price target for Chico’s FAS, Inc. (CHS) for 1 year and it stands at an average $5.17/share. This means that it would likely increase by 25.79% from its current position. The current price of the stock has been moving between $4.03 and $4.25. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $3.5. On the other hand, one analyst is super bullish about the price, setting a target as high as $7.

The CHS stock Stochastic Oscillator (%D) is at 22.66%, which means that it is currently oversold and its prices could jump very soon. The shares P/S ratio stands at 0.23 which compares to the 1.87 recorded by the industry or the 131.67 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 34.25, which is higher than the 17.34 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -10% over the past five years.

Analysts view Chico’s FAS, Inc. (NYSE:CHS) as a Sell, with 3 consensus rating. Reuters surveyed 8 analysts that follow CHS and found that 6 of those analysts rated the stock as a Hold. The remaining 2 were divided, with 1 analyst rating it as a Buy or a Strong Buy while 1 analysts advised investors to desist from buying Chico’s FAS, Inc. (CHS) shares or sell it if they already own it.

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