Antero Resources (NYSE:AR) Sets New 52-Week High at $30.94

Antero Resources Co. (NYSE:AR - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $30.94 and last traded at $30.93, with a volume of 1222138 shares traded. The stock had previously closed at $30.37.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Antero Resources from $30.00 to $32.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 27th. Tudor, Pickering, Holt & Co. raised shares of Antero Resources from a "hold" rating to a "buy" rating and set a $32.00 price objective on the stock in a report on Wednesday, January 17th. Morgan Stanley raised shares of Antero Resources from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $26.00 to $36.00 in a research note on Wednesday, April 17th. Scotiabank lifted their price objective on Antero Resources from $26.00 to $36.00 and gave the stock a "sector perform" rating in a report on Thursday, April 11th. Finally, Truist Financial lowered their price target on Antero Resources from $28.00 to $27.00 and set a "hold" rating on the stock in a research note on Friday, April 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $30.69.

Antero Resources Price Performance

The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.21. The company has a market cap of $9.41 billion, a price-to-earnings ratio of 40.27 and a beta of 3.30. The stock's 50-day simple moving average is $27.25 and its 200 day simple moving average is $25.34.

Antero Resources (NYSE:AR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 14th. The oil and natural gas company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.18 by $0.04. Antero Resources had a net margin of 5.19% and a return on equity of 2.10%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.17 billion. On average, equities research analysts anticipate that Antero Resources Co. will post 0.26 EPS for the current fiscal year.

Insider Buying and Selling at Antero Resources

In related news, insider Sheri Pearce sold 28,009 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $26.29, for a total transaction of $736,356.61. Following the sale, the insider now directly owns 106,698 shares of the company's stock, valued at approximately $2,805,090.42. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Antero Resources news, insider Sheri Pearce sold 28,009 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total value of $736,356.61. Following the sale, the insider now owns 106,698 shares of the company's stock, valued at approximately $2,805,090.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director W Howard Keenan, Jr. sold 232,293 shares of the business's stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $25.85, for a total value of $6,004,774.05. Following the transaction, the director now directly owns 3,000,000 shares of the company's stock, valued at $77,550,000. The disclosure for this sale can be found here. Insiders sold a total of 467,280 shares of company stock valued at $12,153,605 in the last three months. 5.95% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Antero Resources

A number of hedge funds and other institutional investors have recently modified their holdings of AR. Allspring Global Investments Holdings LLC lifted its stake in Antero Resources by 1,311.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company's stock worth $28,000 after purchasing an additional 892 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in shares of Antero Resources by 81.5% in the 4th quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company's stock valued at $34,000 after buying an additional 664 shares in the last quarter. Mather Group LLC. purchased a new position in shares of Antero Resources in the 1st quarter valued at $37,000. Planned Solutions Inc. acquired a new stake in Antero Resources during the 4th quarter worth $45,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in Antero Resources in the third quarter valued at $47,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

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.