Antero Resources (NYSE:AR) Reaches New 52-Week High at $30.94

Antero Resources Co. (NYSE:AR) shares reached a new 52-week high on Tuesday . The company traded as high as $30.94 and last traded at $30.93, with a volume of 1222138 shares traded. The stock had previously closed at $30.37.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AR shares. Morgan Stanley upgraded shares of Antero Resources from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $26.00 to $36.00 in a research report on Wednesday, April 17th. Truist Financial dropped their target price on shares of Antero Resources from $28.00 to $27.00 and set a “hold” rating on the stock in a research report on Friday, April 5th. JPMorgan Chase & Co. upped their price objective on shares of Antero Resources from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, March 27th. Scotiabank upped their price objective on shares of Antero Resources from $26.00 to $36.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Finally, Benchmark downgraded shares of Antero Resources from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $30.69.

Antero Resources Stock Performance

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 cap of $9.54 billion, a P/E ratio of 40.82 and a beta of 3.30. The company’s 50 day moving average price is $27.25 and its 200-day moving average price is $25.34.

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 (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.04. Antero Resources had a net margin of 5.19% and a return on equity of 2.10%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. Equities analysts forecast that Antero Resources Co. will post 0.34 EPS for the current fiscal year.

Insider Activity at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 232,293 shares of the stock in a transaction dated Thursday, March 14th. The shares were 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 owns 3,000,000 shares in the company, valued at $77,550,000. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, Director W Howard Keenan, Jr. sold 232,293 shares of the stock in a transaction dated Thursday, March 14th. The shares were 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 owns 3,000,000 shares in the company, valued at $77,550,000. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director W Howard Keenan, Jr. sold 206,978 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $26.15, for a total transaction of $5,412,474.70. Following the transaction, the director now owns 3,793,022 shares of the company’s stock, valued at approximately $99,187,525.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 467,280 shares of company stock worth $12,153,605. 5.95% of the stock is owned by company insiders.

Hedge Funds Weigh In On Antero Resources

Several institutional investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC boosted its position in Antero Resources by 28.0% during the fourth quarter. Quadrant Capital Group LLC now owns 2,752 shares of the oil and natural gas company’s stock worth $62,000 after purchasing an additional 602 shares during the period. Lindbrook Capital LLC boosted its position in 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. CWM LLC boosted its position in Antero Resources by 33.9% during the third quarter. CWM LLC now owns 2,990 shares of the oil and natural gas company’s stock worth $76,000 after purchasing an additional 757 shares during the period. Fifth Third Bancorp boosted its position in Antero Resources by 17.0% during the third quarter. Fifth Third Bancorp now owns 5,362 shares of the oil and natural gas company’s stock worth $136,000 after purchasing an additional 781 shares during the period. Finally, Fund 1 Investments LLC boosted its position in Antero Resources by 2.0% during the fourth quarter. Fund 1 Investments LLC now owns 40,800 shares of the oil and natural gas company’s stock worth $925,000 after purchasing an additional 800 shares during the period. 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.