Antero Resources (NYSE:AR) Hits New 52-Week High at $34.70

Antero Resources Co. (NYSE:AR) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $34.70 and last traded at $34.65, with a volume of 162500 shares traded. The stock had previously closed at $34.34.

Wall Street Analysts Forecast Growth

AR has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price target on Antero Resources from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 27th. Tudor, Pickering, Holt & Co. upgraded Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Wednesday, January 17th. Morgan Stanley upgraded Antero Resources from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $26.00 to $36.00 in a research note on Wednesday, April 17th. Raymond James lifted their price objective on Antero Resources from $28.00 to $32.00 and gave the company a “strong-buy” rating in a research note on Wednesday, January 24th. Finally, Truist Financial reduced their price objective on Antero Resources from $28.00 to $27.00 and set a “hold” rating for the company in a research note on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Antero Resources currently has a consensus rating of “Hold” and a consensus target price of $32.08.

Antero Resources Trading Up 1.1 %

The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. The company has a fifty day simple moving average of $29.23 and a 200-day simple moving average of $25.79. The company has a market capitalization of $10.69 billion, a PE ratio of 170.08 and a beta of 3.27.

Antero Resources (NYSE:AR) last posted 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 for the quarter, compared to analyst estimates of $1.17 billion. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. Analysts predict that Antero Resources Co. will post 0.33 EPS for the current year.

Insider Activity at Antero Resources

In other Antero Resources news, Director Robert J. Clark sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $33.67, for a total transaction of $336,700.00. Following the transaction, the director now directly owns 69,963 shares in the company, valued at $2,355,654.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Antero Resources 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 directly owns 3,793,022 shares of the company’s stock, valued at approximately $99,187,525.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert J. Clark sold 10,000 shares of Antero Resources stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $33.67, for a total value of $336,700.00. Following the completion of the transaction, the director now directly owns 69,963 shares of the company’s stock, valued at $2,355,654.21. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 877,280 shares of company stock worth $26,212,305. Company insiders own 5.95% of the company’s stock.

Institutional Investors Weigh In On Antero Resources

Several institutional investors have recently added to or reduced their stakes in AR. Commonwealth Equity Services LLC lifted its stake in Antero Resources by 49.5% in the third quarter. Commonwealth Equity Services LLC now owns 81,591 shares of the oil and natural gas company’s stock valued at $2,071,000 after buying an additional 27,005 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Antero Resources by 166.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 46,651 shares of the oil and natural gas company’s stock valued at $1,184,000 after purchasing an additional 29,172 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Antero Resources by 34.5% in the third quarter. Bank of New York Mellon Corp now owns 3,826,549 shares of the oil and natural gas company’s stock valued at $97,118,000 after purchasing an additional 982,384 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Antero Resources by 21.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,876 shares of the oil and natural gas company’s stock valued at $1,444,000 after purchasing an additional 9,929 shares during the period. Finally, Fifth Third Bancorp increased its holdings in shares of Antero Resources by 17.0% in the third quarter. Fifth Third Bancorp now owns 5,362 shares of the oil and natural gas company’s stock valued at $136,000 after purchasing an additional 781 shares during the period. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Company Profile

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.