Antero Resources Co. (NYSE:AR) Receives $39.44 Consensus PT from Analysts

Antero Resources Co. (NYSE:AR) has been given an average rating of “Moderate Buy” by the eighteen analysts that are currently covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $39.44.

A number of analysts have recently weighed in on the stock. Raymond James increased their target price on shares of Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price objective on Antero Resources from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday, January 14th. Citigroup upped their price objective on Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Mizuho lifted their target price on shares of Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Finally, StockNews.com raised shares of Antero Resources to a “sell” rating in a report on Thursday, February 13th.

Antero Resources Stock Performance

NYSE AR opened at $37.36 on Friday. Antero Resources has a 12-month low of $24.53 and a 12-month high of $41.53. The company’s 50 day moving average is $37.42 and its 200-day moving average is $31.84. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21. The firm has a market cap of $11.63 billion, a P/E ratio of 116.75 and a beta of 3.33.

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 the consensus estimate of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. Sell-side analysts predict that Antero Resources will post 2.74 earnings per share for the current year.

Insider Activity

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 1,800,000 shares in the company, valued at approximately $71,568,000. This trade represents a 10.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.70% of the company’s stock.

Institutional Trading of Antero Resources

A number of institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC grew its stake in Antero Resources by 83.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 26,467 shares of the oil and natural gas company’s stock valued at $928,000 after purchasing an additional 12,062 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Antero Resources by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock valued at $139,054,000 after acquiring an additional 61,490 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Antero Resources by 4.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company’s stock worth $76,342,000 after acquiring an additional 122,815 shares during the period. Capital CS Group LLC acquired a new position in Antero Resources during the fourth quarter valued at $615,000. Finally, Franklin Resources Inc. boosted its holdings in Antero Resources by 40.6% in the third quarter. Franklin Resources Inc. now owns 756,128 shares of the oil and natural gas company’s stock valued at $21,209,000 after purchasing an additional 218,517 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.