Antero Resources (NYSE:AR) Reaches New 12-Month High - Here's Why

Shares of Antero Resources Co. (NYSE:AR - Get Free Report) hit a new 52-week high on Monday . The company traded as high as $42.74 and last traded at $41.99, with a volume of 864702 shares changing hands. The stock had previously closed at $41.66.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Antero Resources from $45.00 to $47.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. TD Cowen upgraded Antero Resources from a "hold" rating to a "buy" rating and increased their price target for the company from $40.00 to $46.00 in a research note on Tuesday, April 8th. UBS Group raised their price objective on Antero Resources from $41.00 to $43.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Raymond James reaffirmed a "strong-buy" rating on shares of Antero Resources in a report on Tuesday, May 13th. Finally, Williams Trading set a $48.00 target price on Antero Resources in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Antero Resources presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.22.

Antero Resources Trading Up 1.3%

The stock's fifty day simple moving average is $36.94 and its 200 day simple moving average is $36.82. The firm has a market capitalization of $13.10 billion, a PE ratio of 131.66 and a beta of 0.67. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR - Get Free Report) last announced its earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.10. The company had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.28 billion. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. Antero Resources's revenue for the quarter was up 20.5% compared to the same quarter last year. During the same period last year, the firm earned $0.12 EPS. On average, sell-side analysts predict that Antero Resources Co. will post 2.74 earnings per share for the current year.

Insider Activity at Antero Resources

In other Antero Resources news, insider Yvette K. Schultz sold 25,200 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $39.86, for a total value of $1,004,472.00. Following the sale, the insider now owns 306,819 shares in the company, valued at $12,229,805.34. The trade was a 7.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director W Howard Keenan, Jr. sold 38,013 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $40.32, for a total value of $1,532,684.16. Following the transaction, the director now directly owns 364,992 shares of the company's stock, valued at approximately $14,716,477.44. The trade was a 9.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,125,200 shares of company stock worth $45,887,466. 6.70% of the stock is owned by company insiders.

Institutional Trading of Antero Resources

Hedge funds have recently modified their holdings of the company. Strs Ohio purchased a new stake in Antero Resources during the 1st quarter valued at $8,757,000. Acadian Asset Management LLC bought a new position in Antero Resources during the first quarter valued at $6,880,000. Geneos Wealth Management Inc. raised its stake in shares of Antero Resources by 10.1% in the first quarter. Geneos Wealth Management Inc. now owns 4,054 shares of the oil and natural gas company's stock valued at $164,000 after acquiring an additional 371 shares during the period. Intech Investment Management LLC lifted its holdings in shares of Antero Resources by 396.2% in the 1st quarter. Intech Investment Management LLC now owns 116,387 shares of the oil and natural gas company's stock worth $4,707,000 after acquiring an additional 92,930 shares during the last quarter. Finally, Focus Partners Wealth boosted its stake in shares of Antero Resources by 18.9% during the 1st quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company's stock worth $806,000 after purchasing an additional 3,169 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.