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

Antero Resources Co. (NYSE:AR) has been given an average rating of “Moderate Buy” by the eighteen research firms that are presently covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $40.47.

Several brokerages have recently issued reports on AR. UBS Group raised their target price on shares of Antero Resources from $39.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Truist Financial lifted their target price on shares of Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Benchmark restated a “hold” rating on shares of Antero Resources in a research report on Friday, January 17th. StockNews.com raised Antero Resources to a “sell” rating in a research note on Thursday, February 13th. Finally, Raymond James increased their target price on Antero Resources from $44.00 to $60.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd.

Insider Activity at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the company’s stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Antero Resources

A number of hedge funds have recently bought and sold shares of the business. Pinnacle Bancorp Inc. acquired a new position in Antero Resources in the 4th quarter valued at $28,000. Spire Wealth Management bought a new position in shares of Antero Resources in the fourth quarter worth $31,000. Capital A Wealth Management LLC acquired a new position in Antero Resources in the fourth quarter valued at about $35,000. True Wealth Design LLC bought a new stake in Antero Resources during the third quarter worth about $30,000. Finally, Wilmington Savings Fund Society FSB grew its stake in Antero Resources by 205.2% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company’s stock worth $48,000 after buying an additional 913 shares in the last quarter. 83.04% of the stock is owned by institutional investors.

Antero Resources Stock Performance

NYSE:AR opened at $38.86 on Tuesday. The stock has a market capitalization of $12.09 billion, a P/E ratio of 121.43 and a beta of 3.38. Antero Resources has a 1 year low of $24.53 and a 1 year high of $41.53. The firm has a 50 day moving average of $38.14 and a 200-day moving average of $32.69. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR) last issued its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. As a group, sell-side analysts anticipate that Antero Resources will post 2.74 EPS for the current fiscal 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.