Fidelity Management & Research Co has recently announced that it has increased stake in Antero Resources Corporation (NYSE:AR) by 2.57%. After grabbing 39.57 million shares, the institutional investor is now in possession of 0.99 million shares of the Energy Company. The new investment brought the stake of investor firm to 13.18% having worth around $1.45 billion. Moreover, The Vanguard Group, Inc. increased its share by 0.5 million to have a control over 26.73 million shares. And Dimensional Fund Advisors LP raised its holdings to 0.18 million shares by acquiring 9.19 million shares or 3.06% of the stake.
Antero Resources Corporation (AR) concluded trading on 11/16/22 at a closing price of $35.44, with 5.7 million shares of worth about $201.94 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 1.84% during that period and on Wednesday the price saw a loss of about -5.09%. Currently the company’s common shares owned by public are about 305.34M shares, out of which, 263.24M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 76 times over the past 12 months. They bought 2,218,760 shares in 51 of the transactions. In 25 selling transactions, insiders dumped 2,287,148 shares.
Fidelity Advisor Series I -Growth, iShares Core S&P Mid Cap ETF, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in Antero Resources Corporation Fidelity Advisor Series I -Growth is currently holding 10.83 million shares of worth totaling $396.87 million. The company recently came buying 1.16 million shares which brought its stake up to 3.61% of the company’s outstanding shares. iShares Core S&P Mid Cap ETF bought 3290.0 shares, after which its hold over company’s outstanding shares expand to 2.82%, leaving 8.46 million shares with the mutual fund that have a worth of about $310.27 million. Vanguard Total Stock Market Index, after selling 8.23 million shares, have now control over 2.74% of the stake in the company. It holds 77065.0 shares of worth $301.68 million.
Antero Resources Corporation (NYSE: AR) started trading at $36.42, below -$0.92 from concluding price of the previous day. However, the stock later moved at a day high price of 36.62, or with a loss of -5.09%. Stock saw a price change of -0.81% in past 5 days and over the past one month there was a price change of -1.01%. Year-to-date (YTD), AR shares are showing a performance of 102.51% which increased to 77.02% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $15.38 but also hit the highest price of $48.80 during that period. The average intraday trading volume for Antero Resources Corporation shares is 7.78 million. The stock is currently trading -1.95% below its 20-day simple moving average (SMA20), while that difference is up 0.17% for SMA50 and it goes to 4.61% higher than SMA200.
Fidelity Management & Research Co acquired 39.57 million shares of Antero Resources Corporation having value of about $1.45 billion. Data submitted at the U.S SEC by Fidelity Management & Research Co revealed that the firm now holds 0.99 million shares in the company valued at close to $35141418.0, or have control over 2.57% stake in the company. Antero Resources Corporation (NYSE: AR) currently have 305.34M outstanding shares and institutions hold larger chunk of about 83.70% of that. Holding of mutual funds in the company is about 32.02% while other institutional holders and individual stake holders have control over 47.96% and 20.82% of the stake respectively.
The stock has a current market capitalization of $10.75B and its 3Y-monthly beta is at 3.57. PE ratio of stock for trailing 12 months is 5.56, while it has posted earnings per share of $6.38 in the same period. It has Quick Ratio of 0.40 while making debt-to-equity ratio of 0.19. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AR, volatility over the week remained 5.12% while standing at 5.56% over the month.
Analysts are in expectations that Antero Resources Corporation (AR) stock would likely to be making an EPS of $1.69 in the current quarter, while forecast for next quarter EPS is $2.75 and it is $8.37 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.07 which is $2.39 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.46 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 87.00% while it is estimated to increase by 32.51% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on October 19, 2022 offering a Buy rating for the stock and assigned a target price of $47 to it. Coverage by Scotiabank stated Antero Resources Corporation (AR) stock as a Sector perform in their note to investors on July 25, 2022, suggesting a price target of $47 for the stock. On July 05, 2022, Truist Upgrade their recommendations, while on January 21, 2022, Goldman Upgrade their ratings for the stock with a price target of $24. Stock get an Outperform rating from BMO Capital Markets on January 10, 2022.