Antero Resources (NYSE:AR) Shares Gap Up to $29.12

Antero Resources Co. (NYSE:AR) gapped up prior to trading on Wednesday . The stock had previously closed at $29.12, but opened at $29.92. Antero Resources shares last traded at $29.41, with a volume of 2,379,370 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AR. Mizuho lifted 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. Truist Financial reduced their target price on shares of Antero Resources from $28.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, April 5th. Barclays assumed coverage on shares of Antero Resources in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $32.00 target price on the stock. Benchmark downgraded shares of Antero Resources from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Finally, Wells Fargo & Company boosted their target price on shares of Antero Resources from $26.00 to $29.00 and gave the stock an “overweight” rating in a report on Wednesday, February 21st. 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 issued 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 target price of $30.69.

Antero Resources Stock Performance

The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market cap of $8.88 billion, a P/E ratio of 38.31 and a beta of 3.30. The firm’s 50 day moving average is $26.41 and its 200 day moving average is $25.15.

Antero Resources (NYSE:AR) last posted its quarterly earnings data on Wednesday, February 14th. The oil and natural gas company reported $0.22 EPS for the quarter, topping the consensus estimate 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%. Analysts anticipate that Antero Resources Co. will post 0.25 EPS for the current year.

Insider Buying and Selling

In other Antero Resources news, insider Sheri Pearce sold 28,009 shares of the company’s stock in a transaction that occurred on 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 approximately $2,805,090.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director W Howard Keenan, Jr. sold 206,978 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $26.15, for a total value of $5,412,474.70. Following the sale, the director now owns 3,793,022 shares in the company, valued at $99,187,525.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sheri Pearce sold 28,009 shares of the stock in a transaction 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 sale, the insider now owns 106,698 shares in the company, valued at approximately $2,805,090.42. The disclosure for this sale can be found here. Insiders sold a total of 467,280 shares of company stock worth $12,153,605 in the last 90 days. 5.95% of the stock is owned by corporate insiders.

Institutional Trading of Antero Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in AR. Captrust Financial Advisors boosted its holdings in Antero Resources by 1.4% during the third quarter. Captrust Financial Advisors now owns 30,771 shares of the oil and natural gas company’s stock worth $939,000 after buying an additional 414 shares in the last quarter. Mariner LLC boosted its holdings in Antero Resources by 4.1% during the fourth quarter. Mariner LLC now owns 10,688 shares of the oil and natural gas company’s stock worth $331,000 after buying an additional 425 shares in the last quarter. Comerica Bank boosted its holdings in Antero Resources by 0.4% during the fourth quarter. Comerica Bank now owns 114,910 shares of the oil and natural gas company’s stock worth $2,606,000 after buying an additional 505 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Antero Resources by 0.8% during the third quarter. AQR Capital Management LLC now owns 77,589 shares of the oil and natural gas company’s stock worth $1,969,000 after buying an additional 578 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in Antero Resources by 4.5% during the first quarter. Mercer Global Advisors Inc. ADV now owns 13,676 shares of the oil and natural gas company’s stock valued at $316,000 after purchasing an additional 595 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

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.