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

Antero Resources Co. (NYSE:AR) has been assigned an average recommendation of “Moderate Buy” from the nineteen brokerages that are currently covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation, nine have given 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 $42.39.

A number of research analysts recently issued reports on the stock. UBS Group lifted their price target on shares of Antero Resources from $41.00 to $43.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. Wells Fargo & Company lifted their price target on shares of Antero Resources from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 19th. Barclays raised their price objective on shares of Antero Resources from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. JPMorgan Chase & Co. raised their price objective on shares of Antero Resources from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, March 13th. Finally, Williams Trading set a $48.00 price objective on shares of Antero Resources in a report on Wednesday, March 5th.

Antero Resources Trading Up 3.5%

NYSE AR opened at $38.69 on Wednesday. The firm has a 50 day simple moving average of $36.34 and a 200-day simple moving average of $35.22. 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 one year low of $24.53 and a one year high of $42.63. The firm has a market cap of $12.01 billion, a price-to-earnings ratio of 120.91 and a beta of 0.66.

Antero Resources (NYSE:AR) last posted its quarterly earnings data on Wednesday, April 30th. The oil and natural gas company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.68 by $0.10. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the firm posted $0.12 earnings per share. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. Equities research analysts anticipate that Antero Resources will post 2.74 EPS for the current fiscal year.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total value of $7,952,000.00. Following the transaction, the director now directly owns 1,800,000 shares of the company’s stock, valued at approximately $71,568,000. The trade was a 10.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Antero Resources

Several institutional investors have recently bought and sold shares of AR. Raymond James Financial Inc. acquired a new position in Antero Resources in the 4th quarter valued at $140,020,000. Wellington Management Group LLP boosted its position in shares of Antero Resources by 12.6% during the 4th quarter. Wellington Management Group LLP now owns 19,661,491 shares of the oil and natural gas company’s stock worth $689,135,000 after purchasing an additional 2,201,429 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Antero Resources by 133.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,743,957 shares of the oil and natural gas company’s stock worth $151,406,000 after purchasing an additional 2,137,538 shares in the last quarter. Castle Hook Partners LP purchased a new stake in shares of Antero Resources during the 4th quarter worth $60,980,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Antero Resources by 12.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,829,263 shares of the oil and natural gas company’s stock worth $414,628,000 after purchasing an additional 1,274,760 shares in the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

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.