Antero Resources (NYSE:AR) Trading Up 4.7% – Here’s What Happened

Antero Resources Co. (NYSE:AR) was up 4.7% during trading on Wednesday . The stock traded as high as $34.65 and last traded at $34.66. Approximately 1,092,939 shares were traded during trading, a decline of 79% from the average daily volume of 5,151,231 shares. The stock had previously closed at $33.10.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Antero Resources from $45.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, March 13th. TD Cowen raised shares of Antero Resources from a “hold” rating to a “buy” rating and raised their price objective for the stock from $40.00 to $46.00 in a research note on Tuesday, April 8th. The Goldman Sachs Group upped their target price on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Truist Financial raised their price target on Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Finally, StockNews.com upgraded Antero Resources to a “sell” rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $42.44.

Antero Resources Stock Up 0.1 %

The company’s fifty day simple moving average is $37.33 and its 200-day simple moving average is $34.35. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. The firm has a market capitalization of $10.69 billion, a PE ratio of 107.33 and a beta of 3.08.

Antero Resources (NYSE:AR) last released its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. On average, analysts forecast that Antero Resources Co. will post 2.74 EPS for the current year.

Insiders Place Their Bets

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of Antero Resources stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the completion of the sale, the director now directly owns 1,800,000 shares in the company, valued at approximately $71,568,000. The trade was a 10.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 6.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Antero Resources

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Antero Resources by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 29,574,973 shares of the oil and natural gas company’s stock valued at $1,036,603,000 after acquiring an additional 214,060 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Antero Resources by 12.6% during the 4th quarter. Wellington Management Group LLP now owns 19,661,491 shares of the oil and natural gas company’s stock valued at $689,135,000 after purchasing an additional 2,201,429 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Antero Resources by 12.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,829,263 shares of the oil and natural gas company’s stock valued at $414,628,000 after purchasing an additional 1,274,760 shares during the period. Sourcerock Group LLC boosted its holdings in Antero Resources by 3.8% during the fourth quarter. Sourcerock Group LLC now owns 6,355,724 shares of the oil and natural gas company’s stock worth $222,768,000 after buying an additional 231,068 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Antero Resources during the fourth quarter valued at $140,020,000. Hedge funds and other 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.