Antero Resources (NYSE:AR) Downgraded by Zacks Research to “Hold”

Zacks Research lowered shares of Antero Resources (NYSE:AR) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other analysts have also issued reports about the company. Bank of America raised their target price on Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. UBS Group raised their target price on Antero Resources from $54.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Citigroup raised their target price on Antero Resources from $39.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, March 31st. TD Cowen raised Antero Resources to a “strong-buy” rating in a report on Monday, February 9th. Finally, Williams Trading set a $56.00 target price on Antero Resources in a report on Monday, April 20th. Four equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Antero Resources has a consensus rating of “Moderate Buy” and an average price target of $50.06.

Antero Resources Stock Down 2.0%

Antero Resources stock opened at $35.10 on Tuesday. The firm has a market cap of $10.88 billion, a price-to-earnings ratio of 11.40 and a beta of 0.36. Antero Resources has a 52 week low of $29.10 and a 52 week high of $45.75. The business’s 50-day moving average price is $39.02 and its 200 day moving average price is $36.35. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.32.

Insiders Place Their Bets

In other Antero Resources news, Director Benjamin A. Hardesty sold 12,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $44.00, for a total transaction of $528,000.00. Following the transaction, the director owned 150,242 shares in the company, valued at approximately $6,610,648. This represents a 7.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Yvette K. Schultz sold 39,490 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $39.27, for a total value of $1,550,772.30. Following the transaction, the insider owned 277,665 shares in the company, valued at $10,903,904.55. This represents a 12.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 252,316 shares of company stock worth $9,977,259. 6.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Antero Resources

Hedge funds have recently bought and sold shares of the business. Root Financial Partners LLC purchased a new position in Antero Resources during the third quarter worth approximately $26,000. Sunbelt Securities Inc. purchased a new position in Antero Resources during the third quarter worth approximately $30,000. IFP Advisors Inc boosted its position in Antero Resources by 59.2% during the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock worth $31,000 after purchasing an additional 345 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Antero Resources in the fourth quarter valued at approximately $41,000. Finally, Hilton Head Capital Partners LLC purchased a new position in shares of Antero Resources in the fourth quarter valued at approximately $44,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

About Antero Resources

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.