Antero Resources (NYSE:AR) Sees Strong Trading Volume

Antero Resources Co. (NYSE:ARGet Rating) saw unusually-high trading volume on Wednesday . Approximately 123,954 shares traded hands during mid-day trading, a decline of 98% from the previous session’s volume of 6,792,115 shares.The stock last traded at $38.19 and had previously closed at $36.61.

Wall Street Analyst Weigh In

AR has been the subject of several recent analyst reports. Scotiabank began coverage on shares of Antero Resources in a research note on Wednesday, August 3rd. They issued a “sector perform” rating and a $47.00 target price for the company. Raymond James lowered their target price on shares of Antero Resources from $65.00 to $55.00 and set a “strong-buy” rating for the company in a report on Monday, October 24th. Mizuho dropped their price target on shares of Antero Resources from $49.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, October 24th. Truist Financial lowered their target price on shares of Antero Resources from $64.00 to $61.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Finally, StockNews.com started coverage on shares of Antero Resources in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.09.

Antero Resources Price Performance

The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.18. The firm has a market cap of $11.27 billion, a P/E ratio of 6.09 and a beta of 3.55. The company has a fifty day moving average price of $34.80 and a two-hundred day moving average price of $36.82.

Insider Activity

In related news, insider Sheri Pearce sold 2,750 shares of Antero Resources stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $35.48, for a total value of $97,570.00. Following the sale, the insider now owns 91,266 shares of the company’s stock, valued at approximately $3,238,117.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.72% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Total Clarity Wealth Management Inc. acquired a new position in shares of Antero Resources during the 2nd quarter worth approximately $31,000. BDO Wealth Advisors LLC bought a new stake in shares of Antero Resources during the 2nd quarter worth $31,000. Riggs Asset Managment Co. Inc. increased its holdings in Antero Resources by 63.5% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,040 shares of the oil and natural gas company’s stock worth $32,000 after purchasing an additional 404 shares in the last quarter. CoreCap Advisors LLC acquired a new position in Antero Resources in the 2nd quarter worth about $32,000. Finally, SeaCrest Wealth Management LLC acquired a new position in Antero Resources in the 2nd quarter worth about $37,000. Institutional investors and hedge funds own 80.15% of the company’s stock.

About Antero Resources

(Get Rating)

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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