Antero Resources (NYSE:AR) Sets New 1-Year High – Should You Buy?

Shares of Antero Resources Co. (NYSE:AR) hit a new 52-week high on Monday . The stock traded as high as $41.59 and last traded at $41.48, with a volume of 893340 shares changing hands. The stock had previously closed at $40.77.

Analyst Ratings Changes

A number of brokerages have commented on AR. Benchmark reaffirmed a “hold” rating on shares of Antero Resources in a research note on Friday, January 17th. StockNews.com raised shares of Antero Resources to a “sell” rating in a research note on Thursday, February 13th. Raymond James increased their price target on shares of Antero Resources from $44.00 to $60.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group boosted their price objective on shares of Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company increased their target price on shares of Antero Resources from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.06.

Antero Resources Price Performance

The stock has a market capitalization of $12.77 billion, a P/E ratio of 128.29 and a beta of 3.38. The firm has a fifty day moving average price of $38.37 and a two-hundred day moving average price of $33.10. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.14. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. On average, analysts expect that Antero Resources Co. will post 2.74 EPS for the current year.

Insider Activity

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total value of $7,952,000.00. Following the transaction, the director now owns 1,800,000 shares of the company’s stock, valued at approximately $71,568,000. This represents a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On Antero Resources

Several institutional investors have recently made changes to their positions in the business. Pinnacle Bancorp Inc. purchased a new stake in Antero Resources during the fourth quarter valued at approximately $28,000. True Wealth Design LLC purchased a new position in Antero Resources during the third quarter valued at approximately $30,000. Spire Wealth Management bought a new position in shares of Antero Resources in the fourth quarter worth approximately $31,000. Mascagni Wealth Management Inc. purchased a new stake in shares of Antero Resources in the fourth quarter worth $31,000. Finally, Capital A Wealth Management LLC bought a new stake in shares of Antero Resources during the 4th quarter valued at $35,000. Institutional investors own 83.04% of the company’s stock.

About Antero Resources

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.