Antero Resources (NYSE:AR) Hits New 12-Month High at $35.07

Antero Resources Co. (NYSE:AR)’s stock price reached a new 52-week high on Friday . The company traded as high as $35.07 and last traded at $35.00, with a volume of 1495688 shares traded. The stock had previously closed at $34.15.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. StockNews.com upgraded Antero Resources to a “sell” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. boosted their target price on Antero Resources from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 27th. Barclays started coverage on Antero Resources in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $32.00 price objective for the company. Wells Fargo & Company boosted their price objective on Antero Resources from $35.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Finally, Benchmark downgraded Antero Resources from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. One equities research 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 stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $32.69.

Antero Resources Stock Performance

The company has a market capitalization of $10.88 billion, a PE ratio of 175.00 and a beta of 3.27. The company has a 50 day moving average of $30.30 and a two-hundred day moving average of $26.06. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29.

Antero Resources (NYSE:AR) last issued its quarterly earnings results on Wednesday, April 24th. The oil and natural gas company reported $0.03 earnings per share for the quarter. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Antero Resources had a return on equity of 0.18% and a net margin of 1.50%. As a group, equities research analysts predict that Antero Resources Co. will post 0.33 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Michael N. Kennedy sold 50,000 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $33.72, for a total value of $1,686,000.00. Following the sale, the insider now directly owns 1,032,251 shares of the company’s stock, valued at $34,807,503.72. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director W Howard Keenan, Jr. sold 206,978 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total value of $5,412,474.70. Following the sale, the director now directly owns 3,793,022 shares of the company’s stock, valued at $99,187,525.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michael N. Kennedy sold 50,000 shares of the stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $33.72, for a total value of $1,686,000.00. Following the sale, the insider now directly owns 1,032,251 shares in the company, valued at $34,807,503.72. The disclosure for this sale can be found here. Insiders have sold a total of 927,280 shares of company stock valued at $27,898,305 over the last ninety days. Company insiders own 5.95% of the company’s stock.

Institutional Investors Weigh In On Antero Resources

Several institutional investors have recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. boosted its position in shares of Antero Resources by 11.3% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,384 shares of the oil and natural gas company’s stock valued at $98,000 after buying an additional 343 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in Antero Resources by 35.1% in the first quarter. Lindbrook Capital LLC now owns 1,998 shares of the oil and natural gas company’s stock valued at $58,000 after acquiring an additional 519 shares during the period. Quadrant Capital Group LLC lifted its holdings in Antero Resources by 28.0% in the fourth quarter. Quadrant Capital Group LLC now owns 2,752 shares of the oil and natural gas company’s stock valued at $62,000 after acquiring an additional 602 shares during the period. Fifth Third Bancorp lifted its holdings in Antero Resources by 17.0% in the third quarter. Fifth Third Bancorp now owns 5,362 shares of the oil and natural gas company’s stock valued at $136,000 after acquiring an additional 781 shares during the period. Finally, Fund 1 Investments LLC lifted its holdings in Antero Resources by 2.0% in the fourth quarter. Fund 1 Investments LLC now owns 40,800 shares of the oil and natural gas company’s stock valued at $925,000 after acquiring an additional 800 shares during the period. 83.04% of the stock is 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.