Antero Resources (NYSE:AR) Shares Gap Up to $29.12

Antero Resources Co. (NYSE:AR)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $29.12, but opened at $29.92. Antero Resources shares last traded at $29.41, with a volume of 2,379,370 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Barclays assumed coverage on Antero Resources in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $32.00 price objective on the stock. JPMorgan Chase & Co. increased their target price on Antero Resources from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, March 27th. Raymond James increased their target price on Antero Resources from $28.00 to $32.00 and gave the company a “strong-buy” rating in a research report on Wednesday, January 24th. Tudor, Pickering, Holt & Co. upgraded Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Wednesday, January 17th. Finally, Truist Financial decreased their target price on Antero Resources from $28.00 to $27.00 and set a “hold” rating on the stock in a research report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $30.69.

Antero Resources Stock Up 1.5 %

The business has a 50-day moving average of $26.71 and a 200-day moving average of $25.21. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market capitalization of $8.89 billion, a price-to-earnings ratio of 37.94 and a beta of 3.30.

Antero Resources (NYSE:AR) last released its earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.04. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion. Antero Resources had a return on equity of 2.10% and a net margin of 5.19%. On average, sell-side analysts expect that Antero Resources Co. will post 0.25 EPS for the current year.

Insider Activity

In other news, Director W Howard Keenan, Jr. sold 206,978 shares of Antero Resources stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total value of $5,412,474.70. Following the completion of the transaction, the director now owns 3,793,022 shares in the company, valued at approximately $99,187,525.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Sheri Pearce sold 28,009 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total value of $736,356.61. Following the completion of the transaction, the insider now directly owns 106,698 shares of the company’s stock, valued at $2,805,090.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director W Howard Keenan, Jr. sold 206,978 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $26.15, for a total value of $5,412,474.70. Following the completion of the transaction, the director now directly owns 3,793,022 shares of the company’s stock, valued at $99,187,525.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 467,280 shares of company stock worth $12,153,605. 5.95% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Antero Resources

Several large investors have recently modified their holdings of the company. Norden Group LLC acquired a new stake in shares of Antero Resources in the first quarter valued at approximately $1,255,000. KFG Wealth Management LLC acquired a new stake in shares of Antero Resources in the first quarter valued at approximately $203,000. State of Michigan Retirement System boosted its holdings in shares of Antero Resources by 2.4% in the first quarter. State of Michigan Retirement System now owns 69,400 shares of the oil and natural gas company’s stock valued at $2,013,000 after acquiring an additional 1,600 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Antero Resources by 1,311.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock valued at $28,000 after acquiring an additional 892 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its stake in shares of Antero Resources by 47.1% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,073,905 shares of the oil and natural gas company’s stock worth $31,144,000 after purchasing an additional 343,905 shares during the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

About Antero Resources

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.