Antero Resources (NYSE:AR) Reaches New 12-Month High at $30.94

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

Wall Street Analysts Forecast Growth

AR has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price target on shares of Antero Resources from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 27th. Mizuho raised their price target on shares of Antero Resources from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Morgan Stanley raised shares of Antero Resources from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $26.00 to $36.00 in a research report on Wednesday, April 17th. Benchmark cut shares of Antero Resources from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Finally, Wells Fargo & Company boosted their price target on shares of Antero Resources from $26.00 to $29.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $30.69.

Antero Resources Stock Performance

The stock has a market cap of $9.50 billion, a P/E ratio of 40.42 and a beta of 3.30. 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 firm’s 50-day moving average price is $27.05 and its 200-day moving average price is $25.30.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. Antero Resources had a net margin of 5.19% and a return on equity of 2.10%. Sell-side analysts expect that Antero Resources Co. will post 0.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Antero Resources news, Director W Howard Keenan, Jr. sold 232,293 shares of the company’s stock in a transaction that occurred on 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 owns 3,000,000 shares in the company, valued at approximately $77,550,000. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director W Howard Keenan, Jr. sold 206,978 shares of the firm’s 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Howard Keenan, Jr. sold 232,293 shares of the firm’s 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. In the last 90 days, insiders have sold 467,280 shares of company stock worth $12,153,605. Corporate insiders own 5.95% of the company’s stock.

Hedge Funds Weigh In On Antero Resources

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quadrant Capital Group LLC increased 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 buying an additional 602 shares during the period. Lindbrook Capital LLC boosted its stake in shares of Antero Resources by 81.5% in the fourth 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. CWM LLC boosted its stake in shares of Antero Resources by 33.9% in the third quarter. CWM LLC now owns 2,990 shares of the oil and natural gas company’s stock valued at $76,000 after buying an additional 757 shares in the last quarter. 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 in the last quarter. 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 in the last quarter. 83.04% of the stock is currently owned by hedge funds and other 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.