Antero Resources (NYSE:AR) Trading Up 3.6%

Antero Resources Co. (NYSE:AR) shot up 3.6% during trading on Monday . The company traded as high as $28.43 and last traded at $28.42. 282,931 shares changed hands during trading, a decline of 93% from the average session volume of 4,115,917 shares. The stock had previously closed at $27.44.

Analyst Upgrades and Downgrades

AR has been the subject of several analyst reports. Roth Mkm assumed coverage on Antero Resources in a report on Tuesday, August 27th. They issued a “buy” rating and a $32.00 target price for the company. The Goldman Sachs Group dropped their price target on Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Morgan Stanley reduced their price objective on Antero Resources from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Roth Capital raised shares of Antero Resources to a “strong-buy” rating in a report on Tuesday, August 27th. Finally, JPMorgan Chase & Co. cut their price target on Antero Resources from $37.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Antero Resources presently has a consensus rating of “Moderate Buy” and an average price target of $33.13.

Antero Resources Stock Up 4.0 %

The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $8.87 billion, a P/E ratio of 143.05 and a beta of 3.33. The firm has a fifty day simple moving average of $27.57 and a 200-day simple moving average of $30.20.

Antero Resources (NYSE:AR) last posted its earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). Antero Resources had a return on equity of 0.45% and a net margin of 1.88%. The business had revenue of $978.65 million for the quarter, compared to the consensus estimate of $980.20 million. On average, equities research analysts expect that Antero Resources Co. will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling at Antero Resources

In related news, insider Yvette K. Schultz sold 50,000 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the transaction, the insider now directly owns 248,363 shares in the company, valued at $6,268,682.12. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC boosted its position in Antero Resources by 1,311.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock worth $28,000 after purchasing an additional 892 shares during the period. Mather Group LLC. bought a new position in Antero Resources in the 1st quarter valued at about $37,000. Lindbrook Capital LLC boosted its holdings in shares of Antero Resources by 35.1% during the first quarter. Lindbrook Capital LLC now owns 1,998 shares of the oil and natural gas company’s stock worth $58,000 after acquiring an additional 519 shares during the period. Quadrant Capital Group LLC grew its position in shares of Antero Resources by 28.0% in the fourth quarter. Quadrant Capital Group LLC now owns 2,752 shares of the oil and natural gas company’s stock valued at $62,000 after purchasing an additional 602 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of Antero Resources by 11.3% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,384 shares of the oil and natural gas company’s stock worth $98,000 after purchasing an additional 343 shares during the period. 83.04% of the stock is owned by institutional investors and hedge funds.

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.