Shares of Antero Resources Corp (NYSE:AR) hit a new 52-week low on Wednesday . The stock traded as low as $6.58 and last traded at $6.57, with a volume of 37612 shares changing hands. The stock had previously closed at $6.75.
Several brokerages recently weighed in on AR. Macquarie began coverage on Antero Resources in a research note on Wednesday. They set an “underperform” rating and a $5.50 target price for the company. Capital One Financial downgraded Antero Resources from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, March 20th. Cowen began coverage on Antero Resources in a research note on Tuesday, April 9th. They set a “market perform” rating and a $11.00 target price for the company. Scotiabank restated a “hold” rating and set a $18.00 target price on shares of Antero Resources in a research note on Thursday, February 14th. Finally, Tudor Pickering downgraded Antero Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. Antero Resources has an average rating of “Hold” and an average target price of $16.36.
The company has a debt-to-equity ratio of 0.78, a current ratio of 0.43 and a quick ratio of 0.43. The firm has a market cap of $2.15 billion, a P/E ratio of 6.90, a P/E/G ratio of 0.48 and a beta of 0.90.
In other news, insider Paul M. Rady purchased 7,500 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was purchased at an average price of $6.71 per share, with a total value of $50,325.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Glen C. Warren, Jr. purchased 25,000 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was purchased at an average cost of $6.93 per share, with a total value of $173,250.00. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 72,489 shares of company stock valued at $533,395. Insiders own 9.40% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Quadrant Capital Group LLC raised its holdings in shares of Antero Resources by 3,191.9% in the 1st quarter. Quadrant Capital Group LLC now owns 3,654 shares of the oil and natural gas company’s stock worth $31,000 after buying an additional 3,543 shares in the last quarter. Quantamental Technologies LLC acquired a new position in shares of Antero Resources in the 4th quarter worth approximately $45,000. Financial Architects Inc acquired a new position in shares of Antero Resources in the 4th quarter worth approximately $56,000. Commonwealth Bank of Australia raised its holdings in shares of Antero Resources by 1,440.0% in the 1st quarter. Commonwealth Bank of Australia now owns 7,700 shares of the oil and natural gas company’s stock worth $66,000 after buying an additional 7,200 shares in the last quarter. Finally, SEI Investments Co raised its holdings in shares of Antero Resources by 59.4% in the 1st quarter. SEI Investments Co now owns 7,457 shares of the oil and natural gas company’s stock worth $66,000 after buying an additional 2,780 shares in the last quarter. 95.20% of the stock is owned by hedge funds and other institutional investors.
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About Antero Resources (NYSE:AR)
Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.
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