Antero Resources (NYSE:AR) Reaches New 1-Year High – What’s Next?

Antero Resources Corporation (NYSE:AR)’s stock price reached a new 52-week high on Friday . The stock traded as high as $44.37 and last traded at $43.3110, with a volume of 9844295 shares trading hands. The stock had previously closed at $41.50.

Analysts Set New Price Targets

AR has been the topic of several research analyst reports. BMO Capital Markets increased their target price on shares of Antero Resources from $37.00 to $40.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 9th. TD Cowen raised shares of Antero Resources to a “strong-buy” rating in a research note on Monday, February 9th. Barclays upped their price objective on shares of Antero Resources from $41.00 to $43.00 and gave the company an “equal weight” rating in a report on Monday, March 16th. Bank of America raised their target price on Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Finally, Benchmark raised Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Thursday, March 5th. Four equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $46.00.

Antero Resources Trading Down 0.3%

The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average price of $35.81 and a 200 day moving average price of $34.36. The stock has a market capitalization of $13.32 billion, a PE ratio of 21.38 and a beta of 0.52.

Antero Resources (NYSE:AR) last announced its earnings results on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.13. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Antero Resources had a return on equity of 6.71% and a net margin of 12.02%.Antero Resources’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.48 earnings per share. Equities analysts expect that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Insider Buying and Selling at Antero Resources

In other news, Director Benjamin A. Hardesty sold 12,000 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $44.00, for a total value of $528,000.00. Following the completion of the sale, the director owned 150,242 shares in the company, valued at $6,610,648. This represents a 7.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Yvette K. Schultz sold 15,000 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $39.33, for a total transaction of $589,950.00. Following the completion of the sale, the insider owned 319,122 shares of the company’s stock, valued at approximately $12,551,068.26. This represents a 4.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 6.30% of the company’s stock.

Hedge Funds Weigh In On Antero Resources

Hedge funds have recently modified their holdings of the company. Annandale Capital LLC boosted its position in shares of Antero Resources by 0.4% during the third quarter. Annandale Capital LLC now owns 73,754 shares of the oil and natural gas company’s stock valued at $2,475,000 after purchasing an additional 300 shares in the last quarter. Parallel Advisors LLC lifted its position in Antero Resources by 16.7% during the fourth quarter. Parallel Advisors LLC now owns 2,108 shares of the oil and natural gas company’s stock valued at $73,000 after buying an additional 301 shares during the period. Brooklyn Investment Group lifted its position in Antero Resources by 2.0% during the third quarter. Brooklyn Investment Group now owns 15,752 shares of the oil and natural gas company’s stock valued at $529,000 after buying an additional 305 shares during the period. Uhlmann Price Securities LLC boosted its holdings in shares of Antero Resources by 2.2% during the 3rd quarter. Uhlmann Price Securities LLC now owns 15,125 shares of the oil and natural gas company’s stock valued at $508,000 after buying an additional 325 shares in the last quarter. Finally, Coldstream Capital Management Inc. boosted its holdings in shares of Antero Resources by 6.4% during the 2nd quarter. Coldstream Capital Management Inc. now owns 5,451 shares of the oil and natural gas company’s stock valued at $220,000 after buying an additional 328 shares in the last quarter. Institutional investors own 83.04% of the company’s stock.

Antero Resources Company Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.