Shares of Antero Resources Co. (NYSE:AR - Get Free Report) reached a new 52-week high on Monday . The company traded as high as $41.59 and last traded at $41.48, with a volume of 893340 shares. The stock had previously closed at $40.77.
Analyst Ratings Changes
AR has been the subject of a number of analyst reports. Williams Trading set a $48.00 target price on shares of Antero Resources in a research note on Wednesday, March 5th. Citigroup lifted their price target on Antero Resources from $29.00 to $35.00 and gave the company a "neutral" rating in a report on Friday, December 6th. Wells Fargo & Company raised their target price on Antero Resources from $40.00 to $42.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 19th. Truist Financial lifted their target price on Antero Resources from $28.00 to $38.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Finally, Benchmark reissued a "hold" rating on shares of Antero Resources in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $42.24.
Check Out Our Latest Stock Analysis on AR
Antero Resources Price Performance
The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. The company's 50 day moving average price is $38.51 and its 200-day moving average price is $33.37. The company has a market cap of $12.31 billion, a price-to-earnings ratio of 123.66 and a beta of 3.38.
Antero Resources (NYSE:AR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities research analysts forecast that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.
Insider Transactions at Antero Resources
In other 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 value of $7,952,000.00. Following the transaction, the director now directly owns 1,800,000 shares of the company's stock, valued at $71,568,000. This trade represents a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 6.70% of the stock is owned by insiders.
Hedge Funds Weigh In On Antero Resources
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AR. Charles Schwab Investment Management Inc. lifted its holdings in shares of Antero Resources by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,929,424 shares of the oil and natural gas company's stock valued at $55,278,000 after purchasing an additional 27,617 shares in the last quarter. Citigroup Inc. lifted its stake in Antero Resources by 15.9% in the 3rd quarter. Citigroup Inc. now owns 178,053 shares of the oil and natural gas company's stock worth $5,101,000 after acquiring an additional 24,455 shares in the last quarter. Cerity Partners LLC boosted its position in Antero Resources by 62.7% during the 3rd quarter. Cerity Partners LLC now owns 281,246 shares of the oil and natural gas company's stock worth $8,058,000 after acquiring an additional 108,373 shares during the period. Independent Advisor Alliance grew its stake in Antero Resources by 41.2% during the 3rd quarter. Independent Advisor Alliance now owns 39,907 shares of the oil and natural gas company's stock valued at $1,143,000 after acquiring an additional 11,652 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its holdings in shares of Antero Resources by 2.4% in the 3rd quarter. Loomis Sayles & Co. L P now owns 486,761 shares of the oil and natural gas company's stock valued at $13,946,000 after purchasing an additional 11,512 shares during the period. Institutional investors and hedge funds own 83.04% of the company's stock.
Antero Resources Company Profile
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Get Free Report)
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.
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