Antero Resources (NYSE:AR) Sets New 12-Month High – Time to Buy?

Antero Resources Corporation (NYSE:AR) reached a new 52-week high during trading on Thursday . The company traded as high as $44.79 and last traded at $44.6540, with a volume of 7638545 shares traded. The stock had previously closed at $43.37.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AR shares. Truist Financial started coverage on Antero Resources in a research report on Tuesday. They issued a “buy” rating and a $56.00 price objective for the company. Barclays raised their target price on shares of Antero Resources from $41.00 to $43.00 and gave the stock an “equal weight” rating in a report on Monday, March 16th. Jefferies Financial Group set a $50.00 price target on shares of Antero Resources in a research note on Friday, February 13th. BMO Capital Markets upped their price target on shares of Antero Resources from $37.00 to $40.00 and gave the company a “market perform” rating in a report on Tuesday, December 9th. Finally, Wall Street Zen downgraded shares of Antero Resources from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Five investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $46.63.

Antero Resources Stock Up 3.0%

The company has a debt-to-equity ratio of 0.18, a current ratio of 0.55 and a quick ratio of 0.55. The company has a market capitalization of $13.78 billion, a price-to-earnings ratio of 22.11 and a beta of 0.52. The firm has a 50-day moving average price of $36.49 and a two-hundred day moving average price of $34.60.

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, beating analysts’ consensus estimates of $0.49 by $0.13. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.33 billion. Antero Resources had a return on equity of 6.71% and a net margin of 12.02%.Antero Resources’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.48 EPS. As a group, sell-side analysts anticipate that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Insider Activity at Antero Resources

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 sale, the insider directly owned 319,122 shares in the company, valued at $12,551,068.26. This trade represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Benjamin A. Hardesty sold 12,000 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $44.00, for a total transaction of $528,000.00. Following the completion of the sale, the director directly owned 150,242 shares in the company, valued at approximately $6,610,648. This represents a 7.40% decrease in their position. The disclosure for this sale is available in the SEC filing. 6.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Antero Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in AR. Annandale Capital LLC boosted 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 buying an additional 300 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of 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 acquiring an additional 301 shares in the last quarter. Brooklyn Investment Group increased its position in shares of Antero Resources by 2.0% in the third quarter. Brooklyn Investment Group now owns 15,752 shares of the oil and natural gas company’s stock valued at $529,000 after acquiring an additional 305 shares during the last quarter. Uhlmann Price Securities LLC increased its position in shares of Antero Resources by 2.2% in the third quarter. Uhlmann Price Securities LLC now owns 15,125 shares of the oil and natural gas company’s stock valued at $508,000 after acquiring an additional 325 shares during the last quarter. Finally, Coldstream Capital Management Inc. raised its holdings in Antero Resources by 6.4% during the second quarter. Coldstream Capital Management Inc. now owns 5,451 shares of the oil and natural gas company’s stock worth $220,000 after acquiring an additional 328 shares in the last quarter. 83.04% of the stock is owned by institutional investors.

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.