Antero Resources (NYSE:AR) Shares Up 4.7% - What's Next?

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Barclays boosted their price target on Antero Resources from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Truist Financial boosted their price objective on shares of Antero Resources from $28.00 to $38.00 and gave the company a "hold" rating in a report on Monday, January 13th. JPMorgan Chase & Co. increased their price target on Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a report on Thursday, March 13th. Benchmark reissued a "hold" rating on shares of Antero Resources in a report on Friday, January 17th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $58.00 price target on shares of Antero Resources in a research report on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $42.44.

Antero Resources Trading Down 6.7 %

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 company's 50 day simple moving average is $37.08 and its 200-day simple moving average is $34.47. The firm has a market cap of $10.00 billion, a P/E ratio of 100.38 and a beta of 3.08.

Antero Resources (NYSE:AR - Get Free Report) last posted its 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 return on equity of 0.74% and a net margin of 2.31%. As a group, research analysts predict that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Antero Resources

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 transaction of $7,952,000.00. Following the transaction, the director now owns 1,800,000 shares in the company, valued at $71,568,000. This 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 through this hyperlink. 6.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Antero Resources

Large investors have recently made changes to their positions in the stock. Pinnacle Bancorp Inc. purchased a new position in shares of Antero Resources during the 4th quarter valued at about $28,000. Spire Wealth Management purchased a new stake in Antero Resources during the 4th quarter worth approximately $31,000. Mascagni Wealth Management Inc. purchased a new position in Antero Resources in the 4th quarter valued at $31,000. Capital A Wealth Management LLC acquired a new stake in Antero Resources during the 4th quarter worth $35,000. Finally, North Star Investment Management Corp. purchased a new stake in shares of Antero Resources during the first quarter worth $44,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

About Antero Resources

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.