Roth Mkm Begins Coverage on Antero Resources (NYSE:AR)

Analysts at Roth Mkm started coverage on shares of Antero Resources (NYSE:AR) in a note issued to investors on Tuesday, MarketBeat reports. The firm set a “buy” rating and a $32.00 price target on the oil and natural gas company’s stock. Roth Mkm’s price objective points to a potential upside of 20.50% from the company’s current price.

Several other equities research analysts have also recently commented on the company. Scotiabank raised Antero Resources from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $40.00 to $44.00 in a research note on Tuesday, August 20th. Mizuho increased their price objective on Antero Resources from $29.00 to $37.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Wolfe Research began coverage on shares of Antero Resources in a research report on Thursday, July 18th. They issued a “peer perform” rating on the stock. The Goldman Sachs Group boosted their target price on shares of Antero Resources from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Finally, Jefferies Financial Group lifted their price objective on Antero Resources from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $33.57.

Antero Resources Price Performance

NYSE AR opened at $26.56 on Tuesday. Antero Resources has a 1 year low of $20.10 and a 1 year high of $36.28. The stock’s 50-day moving average price is $29.76 and its two-hundred day moving average price is $29.97. The company has a market cap of $8.25 billion, a PE ratio of 132.78 and a beta of 3.40. 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 (NYSE:AR) last issued its earnings results 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). The business had revenue of $978.65 million during the quarter, compared to analyst estimates of $980.20 million. Antero Resources had a return on equity of 0.45% and a net margin of 1.88%. On average, analysts predict that Antero Resources will post 0.42 EPS for the current year.

Insider Activity

In other Antero Resources news, insider Yvette K. Schultz sold 50,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 248,363 shares in the company, valued at $6,268,682.12. The transaction was disclosed in a document filed with the SEC, which is available through this link. 6.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AR. Allspring Global Investments Holdings LLC lifted its holdings in 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 worth $28,000 after acquiring an additional 892 shares in the last quarter. Mather Group LLC. bought a new stake in shares of Antero Resources during the first quarter worth $37,000. Lindbrook Capital LLC raised 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 worth $58,000 after acquiring an additional 519 shares during the period. Quadrant Capital Group LLC lifted its position in Antero Resources by 28.0% in the 4th 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, GAMMA Investing LLC boosted its stake in Antero Resources by 27.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock worth $98,000 after purchasing an additional 655 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

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.