Antero Resources Corporation (AR) rose 3.37% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -58.79% and is now down by -8.63% since start of this year. A look at its monthly performance shows that the stock has recorded a -7.44% fall over the past 30 days. Its equity price dipped by -31.03% over the past three months which led to its overall six-month decrease to stand at -51.74%.
Experts from research firms are bullish about the near-term performance of Antero Resources Corporation with most of them predicting a $13.51 price target on a short-term (12 months) basis. The average price target by the analysts will see a 57.46% rise in the stock and would lead to AR’s market cap to surge to $4.43B. The stock has been rated an average 2.5, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 16 analysts that track Antero Resources Corporation (NYSE:AR) and find out that 9 of them rated it as a Hold. 6 of the 7 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.
A look at AR technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 42.54 point. Its trading volume has lost -51043 shares compared to readings over the past three months as it recently exchanged 6468957 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 6520000 shares, and this is 0.99 times the normal volume.
The price of AutoNation, Inc. (NYSE:AN) currently stands at $32.89 after it went down by $-0.88 or -2.61% and has found a strong support at $32.59 a share. If the AN price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $32.3 mark would also be bad for the stock as it means that the stock would plunge by 1.79% from its current position. However, if the stock price is able to trade above the resistance point around $33.44, then it could likely surge higher to try and break the upward resistance which stands at $33.99 a share. Its average daily volatility over the past one month stands at 2.86%. The stock has plunged by 0.14% from its 52-weeks high of $32.845 which it reached on Jun. 22, 2018. In general, it is 0.06% above its 52-weeks lowest point which stands at $32.87 and this setback was observed on Mar. 14, 2019.
Analysts have predicted a price target for AutoNation, Inc. (AN) for 1 year and it stands at an average $38/share. This means that it would likely increase by 15.54% from its current position. The current price of the stock has been moving between $32.845 and $33.69. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $29. On the other hand, one analyst is super bullish about the price, setting a target as high as $55.
The AN stock Stochastic Oscillator (%D) is at 26.29%, which means that it is currently oversold and its prices could jump very soon. The shares P/S ratio stands at 0.14 which compares to the 0.98 recorded by the industry or the 2 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 7.83, which is higher than the 7.68 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 7% over the past five years.
Analysts view AutoNation, Inc. (NYSE:AN) as a Sell, with 3.2 consensus rating. Reuters surveyed 14 analysts that follow AN and found that 9 of those analysts rated the stock as a Hold. The remaining 5 were divided, with 1 analyst rating it as a Buy or a Strong Buy while 4 analysts advised investors to desist from buying AutoNation, Inc. (AN) shares or sell it if they already own it.
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