Antero Resources (NYSE:AR) Trading Up 5.4%

Shares of Antero Resources Co. (NYSE:AR) were up 5.4% during mid-day trading on Friday . The stock traded as high as $14.05 and last traded at $14.02. Approximately 71,721 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 8,479,110 shares. The stock had previously closed at $13.30.

AR has been the topic of several analyst reports. Truist lifted their price target on shares of Antero Resources from $4.00 to $10.00 in a research note on Friday, February 19th. TheStreet upgraded shares of Antero Resources from a “d” rating to a “c-” rating in a research note on Monday, March 15th. Morgan Stanley lifted their price target on shares of Antero Resources from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Wednesday, May 19th. Wells Fargo & Company upgraded shares of Antero Resources from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $14.00 to $16.00 in a report on Wednesday, May 19th. Finally, Royal Bank of Canada began coverage on shares of Antero Resources in a report on Wednesday, June 2nd. They issued an “outperform” rating and a $4.25 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $7.80.

The company has a market capitalization of $4.23 billion, a P/E ratio of -3.94 and a beta of 4.75. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.48. The business’s 50-day moving average price is $11.09.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Tuesday, April 27th. The oil and natural gas company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.08. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Antero Resources had a negative net margin of 27.95% and a positive return on equity of 1.16%. The firm’s quarterly revenue was down 8.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.13) EPS. Equities analysts anticipate that Antero Resources Co. will post 0.9 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Harvest Fund Management Co. Ltd purchased a new stake in shares of Antero Resources in the 1st quarter worth approximately $30,000. Captrust Financial Advisors purchased a new stake in shares of Antero Resources in the 1st quarter worth approximately $47,000. D L Carlson Investment Group Inc. purchased a new stake in shares of Antero Resources in the 4th quarter worth approximately $54,000. Rockefeller Capital Management L.P. purchased a new stake in shares of Antero Resources in the 1st quarter worth approximately $55,000. Finally, Oakwell Private Wealth Management LLC purchased a new stake in shares of Antero Resources in the 4th quarter worth approximately $57,000. 69.75% of the stock is owned by hedge funds and other institutional investors.

About Antero Resources (NYSE:AR)

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2019, the company had approximately 451,000 net acres in the southwestern core of the Marcellus Shale; and 91,000 net acres in the core of the Utica Shale.

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