Antero Resources (NYSE:AR) Now Covered by Bank of America

Equities research analysts at Bank of America began coverage on shares of Antero Resources (NYSE:AR) in a research note issued to investors on Monday, Marketbeat reports. The firm set a “buy” rating and a $36.00 price target on the oil and natural gas company’s stock. Bank of America‘s price objective would indicate a potential upside of 30.43% from the stock’s current price.

Other research analysts have also issued research reports about the stock. Barclays decreased their price target on shares of Antero Resources from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. Truist Financial lowered their target price on Antero Resources from $29.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. Wells Fargo & Company dropped their price target on Antero Resources from $25.00 to $24.00 and set an “underweight” rating for the company in a report on Friday, October 18th. Wolfe Research raised Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 price objective on the stock in a report on Wednesday, September 11th. Finally, Jefferies Financial Group lifted their target price on Antero Resources from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Antero Resources has an average rating of “Moderate Buy” and a consensus target price of $32.94.

Antero Resources Stock Performance

Shares of AR stock opened at $27.60 on Monday. The company has a fifty day moving average price of $27.42 and a two-hundred day moving average price of $30.25. Antero Resources has a one year low of $20.10 and a one year high of $36.28. The stock has a market cap of $8.58 billion, a P/E ratio of 138.00 and a beta of 3.33. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. The business had revenue of $978.65 million during the quarter, compared to the consensus estimate of $980.20 million. As a group, equities analysts predict that Antero Resources will post -0.21 EPS for the current year.

Insider Buying and Selling

In other news, insider Yvette K. Schultz sold 50,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $25.24, for a total value of $1,262,000.00. Following the sale, the insider now directly owns 248,363 shares of the company’s stock, valued at approximately $6,268,682.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 6.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. UMB Bank n.a. boosted its holdings in Antero Resources by 357.3% in the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock worth $25,000 after acquiring an additional 686 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Antero Resources by 1,311.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock worth $28,000 after purchasing an additional 892 shares in the last quarter. Mattson Financial Services LLC acquired a new stake in Antero Resources in the 2nd quarter valued at $64,000. GAMMA Investing LLC increased its stake in Antero Resources by 27.8% during the 2nd quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock valued at $98,000 after purchasing an additional 655 shares in the last quarter. Finally, Manchester Capital Management LLC raised its holdings in Antero Resources by 382.1% during the first quarter. Manchester Capital Management LLC now owns 3,375 shares of the oil and natural gas company’s stock worth $98,000 after buying an additional 2,675 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

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.