Antero Resources (NYSE:AR) Trading 4.4% Higher

Antero Resources Co. (NYSE:AR)’s stock price traded up 4.4% on Thursday . The stock traded as high as $32.89 and last traded at $32.82. 4,172,877 shares traded 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 Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Mizuho raised their price target on shares of Antero Resources from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. Barclays initiated coverage on shares of Antero Resources in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $32.00 price objective for the company. Morgan Stanley raised shares of Antero Resources from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $26.00 to $36.00 in a research note on Wednesday, April 17th. JPMorgan Chase & Co. raised their price objective on shares of Antero Resources from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, March 27th. Finally, Benchmark downgraded shares of Antero Resources from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, seven have given 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 has a consensus rating of “Hold” and an average target price of $30.69.

Antero Resources Trading Up 6.2 %

The company has a debt-to-equity ratio of 0.21, a current ratio of 0.33 and a quick ratio of 0.33. The business’s 50-day moving average price is $27.45 and its two-hundred day moving average price is $25.38. The company has a market capitalization of $10.13 billion, a price-to-earnings ratio of 43.23 and a beta of 3.30.

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

Insider Buying and Selling

In other news, insider Sheri Pearce sold 28,009 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $26.29, for a total transaction of $736,356.61. Following the transaction, the insider now owns 106,698 shares in the company, valued at $2,805,090.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director W Howard Keenan, Jr. sold 206,978 shares of the stock in a transaction that occurred on 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sheri Pearce sold 28,009 shares of the firm’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 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 disclosure for this sale can be found here. Insiders have sold a total of 467,280 shares of company stock valued at $12,153,605 over the last 90 days. 5.95% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AR. Allspring Global Investments Holdings LLC raised its position in shares of Antero Resources by 1,311.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock valued at $28,000 after buying an additional 892 shares in the last quarter. Lindbrook Capital LLC raised its position in shares of Antero Resources by 81.5% during the 4th quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company’s stock valued at $34,000 after buying an additional 664 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Antero Resources during the 1st quarter valued at $37,000. Planned Solutions Inc. purchased a new stake in shares of Antero Resources during the 4th quarter valued at $45,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in shares of Antero Resources during the 3rd quarter valued at $47,000. 83.04% of the stock is owned by institutional investors.

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.