Antero Resources (NYSE:AR) Shares Up 2.5% - Should You Buy?

Antero Resources Co. (NYSE:AR - Get Free Report) shares were up 2.5% during trading on Monday . The company traded as high as $40.57 and last traded at $40.69. Approximately 281,820 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 3,979,100 shares. The stock had previously closed at $39.69.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Raymond James raised their target price on shares of Antero Resources from $44.00 to $60.00 and gave the company a "strong-buy" rating in a research note on Thursday, January 23rd. Truist Financial boosted their target price on Antero Resources from $28.00 to $38.00 and gave the stock a "hold" rating in a report on Monday, January 13th. StockNews.com raised Antero Resources to a "sell" rating in a report on Thursday, February 13th. The Goldman Sachs Group upped their price objective on shares of Antero Resources from $39.00 to $44.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Finally, Barclays raised their target price on shares of Antero Resources from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $42.24.

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Antero Resources Stock Performance

The stock has a 50 day moving average of $38.48 and a 200 day moving average of $33.92. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21. The firm has a market cap of $10.40 billion, a price-to-earnings ratio of 104.47 and a beta of 3.38.

Antero Resources (NYSE:AR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.14. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. As a group, analysts anticipate that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

Insider Transactions at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total value of $7,952,000.00. Following the completion of the sale, the director now directly owns 1,800,000 shares of the company's stock, valued at $71,568,000. This represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AR. Oregon Public Employees Retirement Fund lifted its position in Antero Resources by 0.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 59,482 shares of the oil and natural gas company's stock worth $2,085,000 after buying an additional 300 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Antero Resources by 2.3% in the fourth quarter. Cetera Investment Advisers now owns 14,060 shares of the oil and natural gas company's stock worth $493,000 after purchasing an additional 319 shares during the last quarter. Net Worth Advisory Group lifted its holdings in Antero Resources by 2.2% in the fourth quarter. Net Worth Advisory Group now owns 16,597 shares of the oil and natural gas company's stock valued at $582,000 after acquiring an additional 354 shares during the period. Mercer Global Advisors Inc. ADV grew its position in Antero Resources by 2.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 14,355 shares of the oil and natural gas company's stock valued at $503,000 after buying an additional 370 shares during the period. Finally, Caprock Group LLC grew its holdings in Antero Resources by 0.6% during the fourth quarter. Caprock Group LLC now owns 58,401 shares of the oil and natural gas company's stock valued at $2,047,000 after purchasing an additional 374 shares during the period. Institutional investors 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.