Antero Resources (AR) Trading 8.2% Higher

Antero Resources Corp (NYSE:AR)’s share price traded up 8.2% during mid-day trading on Monday . The company traded as high as $17.28 and last traded at $17.11. 6,377,518 shares were traded during trading, an increase of 90% from the average session volume of 3,356,773 shares. The stock had previously closed at $15.81.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Antero Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. TD Securities reduced their price target on Antero Resources from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, August 2nd. Citigroup reduced their price target on Antero Resources from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, August 13th. BMO Capital Markets downgraded Antero Resources from an “outperform” rating to a “market perform” rating in a research report on Friday, September 21st. They noted that the move was a valuation call. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $22.00 price target on shares of Antero Resources in a research report on Friday, July 20th. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $23.77.

The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.63. The stock has a market cap of $5.01 billion, a PE ratio of 142.58, a price-to-earnings-growth ratio of 0.99 and a beta of 0.78.

Antero Resources (NYSE:AR) last released its earnings results on Wednesday, October 31st. The oil and natural gas company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. Antero Resources had a return on equity of 2.80% and a net margin of 5.12%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the firm earned $0.01 EPS. The firm’s revenue was up 38.6% on a year-over-year basis. As a group, research analysts anticipate that Antero Resources Corp will post 0.8 EPS for the current year.

In related news, insider K. Phil Yoo sold 2,500 shares of the company’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $18.59, for a total value of $46,475.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 9.40% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in AR. BlackRock Inc. grew its position in Antero Resources by 10.1% during the 2nd quarter. BlackRock Inc. now owns 13,679,453 shares of the oil and natural gas company’s stock worth $292,057,000 after purchasing an additional 1,256,488 shares during the period. Dimensional Fund Advisors LP grew its position in Antero Resources by 12.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,168,222 shares of the oil and natural gas company’s stock worth $131,691,000 after purchasing an additional 668,836 shares during the period. United Services Automobile Association grew its position in Antero Resources by 125.6% during the 2nd quarter. United Services Automobile Association now owns 1,169,417 shares of the oil and natural gas company’s stock worth $53,934,000 after purchasing an additional 651,000 shares during the period. Poplar Forest Capital LLC grew its position in Antero Resources by 31.9% during the 3rd quarter. Poplar Forest Capital LLC now owns 1,967,016 shares of the oil and natural gas company’s stock worth $34,836,000 after purchasing an additional 475,948 shares during the period. Finally, HITE Hedge Asset Management LLC grew its position in Antero Resources by 306.8% during the 2nd quarter. HITE Hedge Asset Management LLC now owns 508,473 shares of the oil and natural gas company’s stock worth $10,856,000 after purchasing an additional 383,473 shares during the period. 94.66% of the stock is currently owned by institutional investors.

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About Antero Resources (NYSE:AR)

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores, produces, and develops natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2017 had approximately 484,000 net acres in the southwestern core of the Marcellus Shale; approximately 137,000 net acres in the core of the Utica Shale; and approximately 214,000 net acres of Marcellus Shale leasehold.

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