Antero Resources (NYSE:AR) Shares Gap Up to $29.12

Antero Resources Co. (NYSE:AR - Get Free Report)'s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $29.12, but opened at $29.92. Antero Resources shares last traded at $29.41, with a volume of 2,379,370 shares trading hands.

Analysts Set New Price Targets

AR has been the subject of a number of research reports. Barclays initiated coverage on Antero Resources in a research note on Wednesday, April 10th. They issued an "equal weight" rating and a $32.00 price objective for the company. Benchmark downgraded shares of Antero Resources from a "buy" rating to a "hold" rating in a report on Thursday, February 22nd. Truist Financial reduced their price objective on shares of Antero Resources from $28.00 to $27.00 and set a "hold" rating for the company in a report on Friday, April 5th. Scotiabank upped their target price on shares of Antero Resources from $26.00 to $36.00 and gave the stock a "sector perform" rating in a report on Thursday, April 11th. Finally, Mizuho raised their target price on Antero Resources from $28.00 to $29.00 and gave the company a "neutral" rating in a report on Wednesday, April 3rd. 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 company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $30.69.

Antero Resources Stock Up 0.1 %

The company has a market capitalization of $8.85 billion, a PE ratio of 37.87 and a beta of 3.30. The stock's fifty day moving average is $26.56 and its two-hundred day moving average is $25.18. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR - Get Free Report) last issued its earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.04. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. Antero Resources had a net margin of 5.19% and a return on equity of 2.10%. As a group, analysts predict that Antero Resources Co. will post 0.25 EPS for the current year.

Insiders Place Their Bets

In related news, Director W Howard Keenan, Jr. sold 232,293 shares of the company's stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $25.85, for a total transaction of $6,004,774.05. Following the sale, the director now owns 3,000,000 shares of the company's stock, valued at approximately $77,550,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Antero Resources news, Director W Howard Keenan, Jr. sold 232,293 shares of the company'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 in the company, valued at approximately $77,550,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director W Howard Keenan, Jr. sold 206,978 shares of the firm's stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $26.15, for a total value of $5,412,474.70. Following the completion of the sale, the director now directly owns 3,793,022 shares in the company, valued at approximately $99,187,525.30. The disclosure for this sale can be found here. Insiders sold a total of 467,280 shares of company stock worth $12,153,605 in the last quarter. 5.95% of the stock is owned by company insiders.

Hedge Funds Weigh In On Antero Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Lindbrook Capital LLC raised its position in 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 worth $34,000 after purchasing an additional 664 shares during the period. Belpointe Asset Management LLC increased its holdings in shares of Antero Resources by 195.2% in the first quarter. Belpointe Asset Management LLC now owns 1,553 shares of the oil and natural gas company's stock worth $36,000 after buying an additional 1,027 shares during the period. Mather Group LLC. bought a new stake in shares of Antero Resources in the 1st quarter valued at about $37,000. Planned Solutions Inc. purchased a new stake in Antero Resources during the 4th quarter valued at about $45,000. Finally, Itau Unibanco Holding S.A. bought a new position in Antero Resources during the 3rd quarter worth approximately $47,000. 83.04% of the stock is currently 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.