Antero Resources (NYSE:AR) Trading 4.4% Higher

Antero Resources Co. (NYSE:AR)’s share price traded up 4.4% during trading on Thursday . The company traded as high as $32.89 and last traded at $32.82. 4,172,877 shares changed hands during mid-day trading, a decline of 13% from the average session volume of 4,808,347 shares. The stock had previously closed at $31.44.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. JPMorgan Chase & Co. boosted their price objective on Antero Resources from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 27th. Scotiabank boosted their price objective on Antero Resources from $26.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Benchmark downgraded Antero Resources from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Barclays began coverage on Antero Resources in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $32.00 target price for the company. Finally, Morgan Stanley upgraded Antero Resources from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $26.00 to $36.00 in a research report on Wednesday, April 17th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, Antero Resources currently has an average rating of “Hold” and an average price target of $30.69.

Antero Resources Stock Up 6.2 %

The business has a fifty day moving average of $27.45 and a 200 day moving average of $25.38. The firm has a market cap of $10.13 billion, a P/E ratio of 43.23 and a beta of 3.30. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR) last posted its earnings results on Wednesday, April 24th. The oil and natural gas company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Antero Resources had a net margin of 5.19% and a return on equity of 2.10%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the firm posted $0.48 earnings per share. The firm’s revenue was down 20.3% on a year-over-year basis. On average, equities research analysts predict that Antero Resources Co. will post 0.34 EPS for the current year.

Insider Buying and Selling at Antero Resources

In other news, insider Sheri Pearce sold 28,009 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director W Howard Keenan, Jr. sold 232,293 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $25.85, for a total transaction of $6,004,774.05. Following the completion of the transaction, the director now directly owns 3,000,000 shares of the company’s stock, valued at $77,550,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sheri Pearce sold 28,009 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $26.29, for a total value of $736,356.61. Following the transaction, the insider now directly owns 106,698 shares of the company’s stock, valued at $2,805,090.42. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 467,280 shares of company stock valued at $12,153,605. Company insiders own 5.95% of the company’s stock.

Hedge Funds Weigh In On Antero Resources

Large investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its stake in shares of Antero Resources by 1,311.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock worth $28,000 after purchasing an additional 892 shares during the period. Mather Group LLC. bought a new position in shares of Antero Resources during the first quarter worth approximately $37,000. Lindbrook Capital LLC increased its stake in shares of Antero Resources by 81.5% during the fourth quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company’s stock worth $34,000 after purchasing an additional 664 shares during the period. Itau Unibanco Holding S.A. bought a new position in shares of Antero Resources during the third quarter worth approximately $47,000. Finally, Planned Solutions Inc. bought a new position in shares of Antero Resources during the fourth quarter worth approximately $45,000. Institutional investors own 83.04% of the company’s stock.

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.