Antero Resources (NYSE:AR) Trading Down 4.1% – What’s Next?

Antero Resources Corporation (NYSE:AR) shares traded down 4.1% during mid-day trading on Tuesday . The company traded as low as $43.21 and last traded at $42.4230. 2,962,322 shares changed hands during trading, a decline of 53% from the average session volume of 6,285,998 shares. The stock had previously closed at $44.23.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. UBS Group upped their target price on Antero Resources from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Barclays boosted their price target 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. Truist Financial began coverage on shares of Antero Resources in a research note on Tuesday, March 24th. They issued a “buy” rating and a $56.00 price objective for the company. Wells Fargo & Company lifted their target price on shares of Antero Resources from $49.00 to $52.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Finally, Morgan Stanley lowered their target price on shares of Antero Resources from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. Five research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Antero Resources has an average rating of “Moderate Buy” and an average price target of $46.63.

Antero Resources Price Performance

The company’s 50 day moving average price is $37.24 and its 200 day moving average price is $34.87. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.55 and a current ratio of 0.55. The company has a market cap of $13.00 billion, a price-to-earnings ratio of 20.89 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, topping analysts’ consensus estimates of $0.49 by $0.13. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Antero Resources had a net margin of 12.02% and a return on equity of 6.71%. The firm’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter last year, the company posted $0.48 EPS. On average, equities research analysts predict that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Yvette K. Schultz sold 15,000 shares of Antero Resources stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $39.33, for a total value of $589,950.00. Following the completion of the transaction, the insider owned 319,122 shares in the company, valued at approximately $12,551,068.26. The trade was a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Benjamin A. Hardesty sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $44.00, for a total value of $528,000.00. Following the completion of the transaction, the director directly owned 150,242 shares in the company, valued at $6,610,648. The trade was a 7.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 6.30% of the company’s stock.

Institutional Trading of Antero Resources

Several large investors have recently made changes to their positions in AR. Annandale Capital LLC increased its stake in shares of Antero Resources by 0.4% during the 3rd quarter. Annandale Capital LLC now owns 73,754 shares of the oil and natural gas company’s stock worth $2,475,000 after purchasing an additional 300 shares during the last quarter. Parallel Advisors LLC lifted its stake in Antero Resources by 16.7% in the 4th quarter. Parallel Advisors LLC now owns 2,108 shares of the oil and natural gas company’s stock valued at $73,000 after purchasing an additional 301 shares during the last quarter. Brooklyn Investment Group lifted its stake in Antero Resources by 2.0% in the 3rd quarter. Brooklyn Investment Group now owns 15,752 shares of the oil and natural gas company’s stock valued at $529,000 after purchasing an additional 305 shares during the last quarter. Uhlmann Price Securities LLC grew its holdings in Antero Resources by 2.2% during the third quarter. Uhlmann Price Securities LLC now owns 15,125 shares of the oil and natural gas company’s stock worth $508,000 after purchasing an additional 325 shares during the period. Finally, Sequoia Financial Advisors LLC grew its holdings in Antero Resources by 4.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 8,506 shares of the oil and natural gas company’s stock worth $293,000 after purchasing an additional 343 shares during the period. Institutional investors own 83.04% of the company’s stock.

About Antero Resources

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.