Antero Resources Co. (NYSE:AR) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Antero Resources Co. (NYSE:AR) have been given a consensus rating of “Moderate Buy” by the seventeen analysts that are currently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $33.13.

Several equities analysts have issued reports on the stock. Mizuho lowered their target price on shares of Antero Resources from $37.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. Morgan Stanley decreased their target price on shares of Antero Resources from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Wolfe Research raised shares of Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 price objective for the company in a report on Wednesday, September 11th. Roth Mkm initiated coverage on shares of Antero Resources in a research report on Tuesday, August 27th. They issued a “buy” rating and a $32.00 price target on the stock. Finally, Jefferies Financial Group boosted their price objective on shares of Antero Resources from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, July 11th.

Insider Buying and Selling

In other Antero Resources news, insider Yvette K. Schultz sold 50,000 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the completion of the sale, the insider now directly owns 248,363 shares of the company’s stock, valued at $6,268,682.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 6.70% of the stock is owned by insiders.

Institutional Trading of Antero Resources

Several hedge funds have recently modified their holdings of AR. Allspring Global Investments Holdings LLC increased its holdings in shares of Antero Resources by 1,311.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock valued at $28,000 after acquiring an additional 892 shares in the last quarter. Mather Group LLC. acquired a new position in shares of Antero Resources during the first quarter valued at about $37,000. Lindbrook Capital LLC increased its holdings in shares of Antero Resources by 35.1% during the first quarter. Lindbrook Capital LLC now owns 1,998 shares of the oil and natural gas company’s stock valued at $58,000 after acquiring an additional 519 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Antero Resources by 28.0% during the fourth quarter. Quadrant Capital Group LLC now owns 2,752 shares of the oil and natural gas company’s stock valued at $62,000 after acquiring an additional 602 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in shares of Antero Resources by 11.3% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,384 shares of the oil and natural gas company’s stock valued at $98,000 after acquiring an additional 343 shares in the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Antero Resources Stock Up 3.6 %

Shares of NYSE AR opened at $28.71 on Tuesday. The firm has a fifty day simple moving average of $27.34 and a two-hundred day simple moving average of $30.24. The firm has a market capitalization of $8.92 billion, a PE ratio of 143.55 and a beta of 3.33. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. Antero Resources has a 12 month low of $20.10 and a 12 month high of $36.28.

Antero Resources (NYSE:AR) last announced its quarterly earnings data on Wednesday, July 31st. The oil and natural gas company reported ($0.24) 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 firm had revenue of $978.65 million for the quarter, compared to analysts’ expectations of $980.20 million. Equities analysts expect that Antero Resources will post 0.02 earnings per share for the current year.

Antero Resources Company Profile

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.