Antero Resources (NYSE:AR) Hits New 12-Month High at $35.07

Antero Resources Co. (NYSE:ARGet Free Report)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $35.07 and last traded at $35.00, with a volume of 1495688 shares changing hands. The stock had previously closed at $34.15.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AR. Truist Financial reduced their target price on Antero Resources from $28.00 to $27.00 and set a “hold” rating for the company in a report on Friday, April 5th. 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 report on Wednesday, January 24th. Mizuho increased their target price on Antero Resources from $29.00 to $37.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Morgan Stanley upgraded Antero Resources from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $26.00 to $36.00 in a research report on Wednesday, April 17th. Finally, StockNews.com upgraded Antero Resources to a “sell” rating in a research report on Friday, April 26th. One investment 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $32.69.

Get Our Latest Stock Analysis on Antero Resources

Antero Resources Stock Up 2.5 %

The company has a market capitalization of $10.88 billion, a PE ratio of 175.00 and a beta of 3.27. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average of $30.30 and a two-hundred day moving average of $26.06.

Antero Resources (NYSE:ARGet Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The oil and natural gas company reported $0.03 earnings per share for the quarter. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.08 billion. Antero Resources had a return on equity of 0.18% and a net margin of 1.50%. Equities research analysts predict that Antero Resources Co. will post 0.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director W Howard Keenan, Jr. sold 206,978 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total transaction of $5,412,474.70. Following the completion of the transaction, the director now directly owns 3,793,022 shares in the company, valued at $99,187,525.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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 transaction of $5,412,474.70. Following the completion of the sale, the director now directly owns 3,793,022 shares of the company’s stock, valued at approximately $99,187,525.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director W Howard Keenan, Jr. sold 232,293 shares of Antero Resources stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $25.85, for a total value of $6,004,774.05. Following the sale, the director now directly owns 3,000,000 shares of the company’s stock, valued at $77,550,000. The disclosure for this sale can be found here. Over the last three months, insiders sold 927,280 shares of company stock worth $27,898,305. Company insiders own 5.95% of the company’s stock.

Institutional Trading of Antero Resources

Several institutional investors and hedge funds have recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Antero Resources by 11.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,384 shares of the oil and natural gas company’s stock valued at $98,000 after purchasing an additional 343 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in shares of Antero Resources by 35.1% in the 1st quarter. Lindbrook Capital LLC now owns 1,998 shares of the oil and natural gas company’s stock valued at $58,000 after purchasing an additional 519 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Antero Resources by 28.0% in the 4th quarter. Quadrant Capital Group LLC now owns 2,752 shares of the oil and natural gas company’s stock valued at $62,000 after purchasing an additional 602 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Antero Resources by 17.0% in the 3rd 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 last quarter. Finally, Fund 1 Investments LLC lifted its holdings in shares of Antero Resources by 2.0% in the 4th quarter. Fund 1 Investments LLC now owns 40,800 shares of the oil and natural gas company’s stock valued at $925,000 after purchasing an additional 800 shares during the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

About Antero Resources

(Get Free Report)

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.

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