Antero Resources (NYSE:AR) Stock Price Up 2.5% – What’s Next?

Antero Resources Co. (NYSE:AR) shares shot up 2.5% on Monday . The stock traded as high as $40.57 and last traded at $40.69. 281,820 shares were traded during trading, a decline of 93% from the average session volume of 3,979,100 shares. The stock had previously closed at $39.69.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Mizuho upped their price objective on Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Citigroup raised their target price on Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Wells Fargo & Company increased their price target on Antero Resources from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 19th. JPMorgan Chase & Co. increased their target price on Antero Resources from $45.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, March 13th. Finally, UBS Group lifted their target price on shares of Antero Resources from $39.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $42.24.

Antero Resources Trading Up 1.1 %

The business has a fifty day moving average price of $38.49 and a two-hundred day moving average price of $33.82. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $12.73 billion, a PE ratio of 127.80 and a beta of 3.38.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. Analysts expect that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the 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 sale, the director now owns 1,800,000 shares of the company’s stock, valued at approximately $71,568,000. This represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AR. Citigroup Inc. grew its stake in shares of Antero Resources by 15.9% in the third quarter. Citigroup Inc. now owns 178,053 shares of the oil and natural gas company’s stock worth $5,101,000 after acquiring an additional 24,455 shares in the last quarter. Townsquare Capital LLC grew its stake in Antero Resources by 25.2% during the 3rd quarter. Townsquare Capital LLC now owns 12,996 shares of the oil and natural gas company’s stock worth $372,000 after purchasing an additional 2,613 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Antero Resources by 1.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 63,622 shares of the oil and natural gas company’s stock worth $1,823,000 after purchasing an additional 1,216 shares during the period. Captrust Financial Advisors raised its position in Antero Resources by 17.5% in the 3rd quarter. Captrust Financial Advisors now owns 20,327 shares of the oil and natural gas company’s stock valued at $582,000 after purchasing an additional 3,022 shares in the last quarter. Finally, HighTower Advisors LLC raised its holdings in Antero Resources by 21.5% in the third quarter. HighTower Advisors LLC now owns 18,432 shares of the oil and natural gas company’s stock valued at $532,000 after acquiring an additional 3,266 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

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.