Antero Resources (NYSE:AR) Stock Price Up 4.7% - Here's What Happened

Antero Resources Co. (NYSE:AR - Get Free Report)'s share price shot up 4.7% during mid-day trading on Wednesday . The company traded as high as $34.65 and last traded at $34.66. 1,092,939 shares were traded during mid-day trading, a decline of 79% from the average session volume of 5,151,231 shares. The stock had previously closed at $33.10.

Analyst Ratings Changes

AR has been the subject of a number of recent analyst reports. Truist Financial upped their target price on Antero Resources from $28.00 to $38.00 and gave the company a "hold" rating in a report on Monday, January 13th. Benchmark reaffirmed a "hold" rating on shares of Antero Resources in a report on Friday, January 17th. JPMorgan Chase & Co. boosted their target price on Antero Resources from $45.00 to $47.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. Wells Fargo & Company boosted their target price on shares of Antero Resources from $40.00 to $42.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 19th. Finally, Barclays increased their price objective 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 research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $42.44.

Antero Resources Stock Up 0.1 %

The business has a 50-day moving average of $37.22 and a 200 day moving average of $34.39. The company has a market capitalization of $10.69 billion, a PE ratio of 107.33 and a beta of 3.08. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35.

Antero Resources (NYSE:AR - Get Free Report) last released its earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share 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%. Equities research analysts predict that Antero Resources Co. will post 2.74 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $71,568,000. This represents a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 6.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Antero Resources

A number of hedge funds have recently added to or reduced their stakes in the stock. Pinnacle Bancorp Inc. purchased a new stake in shares of Antero Resources in the fourth quarter valued at approximately $28,000. Spire Wealth Management purchased a new stake in shares of Antero Resources in the 4th quarter worth $31,000. Mascagni Wealth Management Inc. bought a new position in shares of Antero Resources during the 4th quarter worth $31,000. Capital A Wealth Management LLC purchased a new position in shares of Antero Resources during the fourth quarter valued at $35,000. Finally, North Star Investment Management Corp. bought a new stake in shares of Antero Resources in the first quarter valued at about $44,000. 83.04% of the stock is currently owned by 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.