Antero Resources (NYSE:AR) Shares Gap Up to $29.12

Antero Resources Co. (NYSE:AR) gapped up before the market opened on Wednesday . The stock had previously closed at $29.12, but opened at $29.92. Antero Resources shares last traded at $29.41, with a volume of 2,379,370 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Benchmark lowered Antero Resources from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. JPMorgan Chase & Co. raised their target price on Antero Resources from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, March 27th. Truist Financial reduced their target price on Antero Resources from $28.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, April 5th. Wells Fargo & Company raised their target price on Antero Resources from $26.00 to $29.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. Finally, Mizuho raised their target price on Antero Resources from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Antero Resources currently has an average rating of “Hold” and an average price target of $30.69.

Antero Resources Price Performance

The stock has a market capitalization of $8.88 billion, a price-to-earnings ratio of 38.31 and a beta of 3.30. The company has a fifty day simple moving average of $26.41 and a 200 day simple moving average of $25.15. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.33 and a current ratio of 0.33.

Antero Resources (NYSE:AR) last issued its quarterly earnings data on Wednesday, February 14th. The oil and natural gas company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. Antero Resources had a return on equity of 2.10% and a net margin of 5.19%. Equities research analysts forecast that Antero Resources Co. will post 0.25 EPS for the current fiscal year.

Insider Transactions at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 232,293 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $25.85, for a total value of $6,004,774.05. Following the transaction, the director now owns 3,000,000 shares in the company, valued at $77,550,000. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director W Howard Keenan, Jr. sold 232,293 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $25.85, for a total value of $6,004,774.05. Following the transaction, the director now owns 3,000,000 shares in the company, valued at $77,550,000. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director W Howard Keenan, Jr. sold 206,978 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $26.15, for a total value of $5,412,474.70. Following the completion of the transaction, the director now owns 3,793,022 shares in the company, valued at approximately $99,187,525.30. The disclosure for this sale can be found here. Insiders have sold 467,280 shares of company stock worth $12,153,605 in the last 90 days. Insiders own 5.95% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Antero Resources by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 27,694,160 shares of the oil and natural gas company’s stock worth $628,104,000 after purchasing an additional 173,378 shares during the period. State Street Corp boosted its holdings in shares of Antero Resources by 4.9% during the first quarter. State Street Corp now owns 11,045,684 shares of the oil and natural gas company’s stock worth $255,045,000 after purchasing an additional 519,552 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Antero Resources by 33.7% during the fourth quarter. Wellington Management Group LLP now owns 10,537,261 shares of the oil and natural gas company’s stock worth $238,985,000 after purchasing an additional 2,655,604 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Antero Resources by 66.1% during the first quarter. Goldman Sachs Group Inc. now owns 6,323,092 shares of the oil and natural gas company’s stock worth $193,043,000 after purchasing an additional 2,517,137 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Antero Resources by 28.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,659,033 shares of the oil and natural gas company’s stock worth $128,352,000 after buying an additional 1,253,510 shares during the period. Institutional investors own 83.04% of the company’s stock.

Antero Resources Company Profile

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.