Antero Resources (NYSE:AR) Sets New 52-Week High at $17.95

Antero Resources Co. (NYSE:AR) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $17.95 and last traded at $17.92, with a volume of 327173 shares changing hands. The stock had previously closed at $16.66.

Several equities research analysts have weighed in on the company. TD Securities raised Antero Resources from a “hold” rating to a “buy” rating and increased their price target for the stock from $12.00 to $18.50 in a research report on Tuesday, June 29th. Zacks Investment Research lowered Antero Resources from a “buy” rating to a “hold” rating and set a $14.00 target price on the stock. in a report on Tuesday, August 10th. Raymond James raised Antero Resources from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $12.00 to $19.00 in a report on Tuesday, July 27th. Royal Bank of Canada started coverage on shares of Antero Resources in a research note on Wednesday, June 2nd. They set an “outperform” rating and a $4.25 price objective on the stock. Finally, Morgan Stanley boosted their target price on shares of Antero Resources from $12.00 to $17.00 and gave the company an “equal weight” rating in a research note on Friday, June 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Antero Resources has a consensus rating of “Buy” and a consensus price target of $13.18.

The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of -4.99 and a beta of 4.75. The stock’s 50-day simple moving average is $14.35 and its two-hundred day simple moving average is $12.65.

Antero Resources (NYSE:AR) last released its quarterly earnings results on Wednesday, July 28th. The oil and natural gas company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.08). Antero Resources had a positive return on equity of 3.58% and a negative net margin of 29.70%. The company had revenue of $489.37 million for the quarter, compared to analyst estimates of $1.20 billion. On average, sell-side analysts forecast that Antero Resources Co. will post 1.51 EPS for the current year.

In related news, Director W Howard Keenan, Jr. sold 100,000 shares of the stock in a transaction that occurred on Thursday, August 26th. The stock was sold at an average price of $13.05, for a total value of $1,305,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director W Howard Keenan, Jr. sold 265,013 shares of the company’s stock in a transaction on Monday, August 30th. The shares were sold at an average price of $13.84, for a total value of $3,667,779.92. Following the completion of the sale, the director now owns 329,421 shares of the company’s stock, valued at $4,559,186.64. The disclosure for this sale can be found here. Company insiders own 9.73% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC lifted its holdings in Antero Resources by 83.2% in the second quarter. Parametric Portfolio Associates LLC now owns 413,916 shares of the oil and natural gas company’s stock valued at $6,221,000 after acquiring an additional 187,975 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Antero Resources in the 2nd quarter valued at $8,539,000. Morgan Stanley grew its holdings in shares of Antero Resources by 28.3% during the 2nd quarter. Morgan Stanley now owns 2,708,609 shares of the oil and natural gas company’s stock worth $40,710,000 after purchasing an additional 598,034 shares during the period. Jefferies Group LLC increased its position in shares of Antero Resources by 70.0% during the 2nd quarter. Jefferies Group LLC now owns 700,860 shares of the oil and natural gas company’s stock worth $10,534,000 after purchasing an additional 288,649 shares during the last quarter. Finally, Garde Capital Inc. raised its holdings in Antero Resources by 5.1% in the 2nd quarter. Garde Capital Inc. now owns 74,157 shares of the oil and natural gas company’s stock valued at $1,115,000 after buying an additional 3,620 shares during the period. Hedge funds and other institutional investors own 73.20% of the company’s stock.

About Antero Resources (NYSE:AR)

Antero Resources Corp. is an independent oil and natural gas company. It engages in the exploration, development, and production of natural gas, NGLs, and oil. The firm focuses on marketing and utilization of excess firm transportation capacity, and equity method investment in Antero Midstream Corporation.

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