Antero Resources Co. (NYSE:AR – Get Rating) was down 5.8% during mid-day trading on Friday after TheStreet downgraded the stock from a b- rating to a c rating. The stock traded as low as $25.88 and last traded at $25.94. Approximately 800,717 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 5,806,968 shares. The stock had previously closed at $27.54.
A number of other equities analysts also recently commented on the stock. Wells Fargo & Company started coverage on shares of Antero Resources in a report on Tuesday, January 24th. They set an “overweight” rating and a $34.00 price objective for the company. Mizuho reaffirmed a “buy” rating and set a $51.00 price objective on shares of Antero Resources in a report on Tuesday, January 10th. The Goldman Sachs Group cut their price target on shares of Antero Resources from $45.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, January 25th. TD Securities cut their price target on shares of Antero Resources from $50.00 to $46.00 and set a “buy” rating for the company in a report on Thursday. Finally, Tudor, Pickering, Holt & Co. downgraded shares of Antero Resources from a “buy” rating to a “hold” rating in a report on Wednesday, November 30th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $42.20.
Insider Transactions at Antero Resources
In other news, Director W Howard Keenan, Jr. sold 220,245 shares of Antero Resources stock in a transaction that occurred on Tuesday, December 6th. The shares were sold at an average price of $31.16, for a total transaction of $6,862,834.20. Following the completion of the sale, the director now owns 4,779,755 shares in the company, valued at approximately $148,937,165.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 5.72% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. Alliancebernstein L.P. grew its holdings in Antero Resources by 137.4% during the fourth quarter. Alliancebernstein L.P. now owns 494,418 shares of the oil and natural gas company’s stock valued at $15,322,000 after purchasing an additional 286,195 shares during the period. Altshuler Shaham Ltd acquired a new position in Antero Resources during the fourth quarter valued at approximately $108,000. Point72 Middle East FZE acquired a new position in Antero Resources during the fourth quarter valued at approximately $274,000. Resurgent Financial Advisors LLC acquired a new position in Antero Resources during the fourth quarter valued at approximately $93,000. Finally, State of Wyoming acquired a new position in Antero Resources during the fourth quarter valued at approximately $93,000. Institutional investors and hedge funds own 77.78% of the company’s stock.
Antero Resources Stock Performance
The stock has a market cap of $7.91 billion, a price-to-earnings ratio of 4.73 and a beta of 3.46. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.18. The stock’s fifty day moving average is $30.08 and its 200-day moving average is $34.30.
About Antero Resources
Antero Resources Corp. is an independent oil and natural gas company, which engages in the development, production, exploration and acquisition of natural gas. It operates through the Exploration and Production, Marketing, and Equity Method Investment in Antero Midstream Corporation. The Exploration and Production segment develops natural gas, NGLs and oil.