Antero Resources Co. (NYSE:AR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Antero Resources Co. (NYSE:AR) have earned an average recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $39.44.

AR has been the topic of a number of analyst reports. Citigroup upped their target price on shares of Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Mizuho increased their price objective on Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Truist Financial lifted their price objective on Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Wells Fargo & Company upgraded Antero Resources from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $24.00 to $32.00 in a research note on Tuesday, December 17th. Finally, StockNews.com raised Antero Resources to a “sell” rating in a report on Thursday, February 13th.

Insider Transactions at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of Antero Resources 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 in the company, valued at approximately $71,568,000. The trade was a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On Antero Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AR. Oregon Public Employees Retirement Fund lifted its holdings in Antero Resources by 0.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 59,482 shares of the oil and natural gas company’s stock worth $2,085,000 after buying an additional 300 shares during the period. Cetera Investment Advisers raised its holdings in shares of Antero Resources by 2.3% during the fourth quarter. Cetera Investment Advisers now owns 14,060 shares of the oil and natural gas company’s stock valued at $493,000 after acquiring an additional 319 shares in the last quarter. Net Worth Advisory Group lifted its stake in Antero Resources by 2.2% in the fourth quarter. Net Worth Advisory Group now owns 16,597 shares of the oil and natural gas company’s stock worth $582,000 after acquiring an additional 354 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in Antero Resources by 2.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 14,355 shares of the oil and natural gas company’s stock valued at $503,000 after acquiring an additional 370 shares in the last quarter. Finally, Caprock Group LLC increased its position in Antero Resources by 0.6% during the 4th quarter. Caprock Group LLC now owns 58,401 shares of the oil and natural gas company’s stock valued at $2,047,000 after purchasing an additional 374 shares during the period. 83.04% of the stock is currently owned by institutional investors.

Antero Resources Price Performance

Shares of NYSE AR opened at $39.50 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. Antero Resources has a fifty-two week low of $24.43 and a fifty-two week high of $41.53. The stock has a market cap of $12.29 billion, a PE ratio of 123.45 and a beta of 3.33. The stock has a fifty day moving average of $37.06 and a 200-day moving average of $31.50.

Antero Resources (NYSE:AR) last posted its earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. Equities research analysts anticipate that Antero Resources will post 2.74 earnings per share for the current year.

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.