Antero Resources (NYSE:AR) Trading Down 9.9%

Antero Resources Co. (NYSE:ARGet Rating)’s stock price was down 9.9% during mid-day trading on Tuesday . The company traded as low as $38.28 and last traded at $38.36. Approximately 82,991 shares were traded during trading, a decline of 99% from the average daily volume of 7,662,682 shares. The stock had previously closed at $42.59.

A number of research analysts recently issued reports on AR shares. Truist Financial boosted their price objective on Antero Resources from $24.00 to $40.00 in a research report on Thursday, April 21st. Wells Fargo & Company set a $38.00 target price on Antero Resources in a research note on Wednesday, April 13th. Raymond James lifted their target price on Antero Resources from $38.00 to $52.00 and gave the company a “strong-buy” rating in a research note on Monday, April 25th. Mizuho lifted their target price on Antero Resources from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Tuesday, May 31st. Finally, Benchmark lifted their target price on Antero Resources from $37.00 to $50.00 in a research note on Monday, April 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Antero Resources has a consensus rating of “Buy” and an average price target of $38.25.

The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a 50 day moving average price of $37.47 and a 200 day moving average price of $26.98. The company has a market cap of $11.84 billion, a P/E ratio of -30.23 and a beta of 3.71.

Antero Resources (NYSE:ARGet Rating) last posted its quarterly earnings data on Wednesday, April 27th. The oil and natural gas company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.09. The company had revenue of $786.84 million for the quarter, compared to the consensus estimate of $1.56 billion. Antero Resources had a positive return on equity of 10.73% and a negative net margin of 7.80%. During the same quarter in the previous year, the business earned $0.61 EPS. As a group, equities research analysts predict that Antero Resources Co. will post 6.19 earnings per share for the current year.

In other news, Director W Howard Keenan, Jr. sold 1,000,000 shares of the business’s stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $34.80, for a total transaction of $34,800,000.00. Following the sale, the director now directly owns 5,747,952 shares of the company’s stock, valued at $200,028,729.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert J. Clark sold 10,000 shares of Antero Resources stock in a transaction on Friday, March 25th. The shares were sold at an average price of $30.00, for a total value of $300,000.00. The disclosure for this sale can be found here. Insiders have sold 1,027,352 shares of company stock worth $35,704,600 over the last ninety days. 9.73% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the company. Ten Capital Wealth Advisors LLC purchased a new position in shares of Antero Resources during the fourth quarter valued at $35,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Antero Resources by 2,307.7% during the first quarter. Steward Partners Investment Advisory LLC now owns 1,565 shares of the oil and natural gas company’s stock valued at $48,000 after buying an additional 1,500 shares in the last quarter. Signaturefd LLC purchased a new position in Antero Resources in the first quarter valued at about $49,000. Rockefeller Capital Management L.P. purchased a new position in Antero Resources in the third quarter valued at about $51,000. Finally, Quent Capital LLC grew its stake in Antero Resources by 55.5% in the first quarter. Quent Capital LLC now owns 1,774 shares of the oil and natural gas company’s stock valued at $54,000 after purchasing an additional 633 shares in the last quarter. Institutional investors and hedge funds own 76.27% of the company’s stock.

Antero Resources Company Profile (NYSE:AR)

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2021, it had approximately 502,000 net acres in the Appalachian Basin; and 174,000 net acres in the Upper Devonian Shale.

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