Antero Resources (NYSE:AR) Raised to “Strong-Buy” at Texas Capital

Antero Resources (NYSE:AR) was upgraded by stock analysts at Texas Capital to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

AR has been the subject of several other reports. Roth Mkm reiterated a “neutral” rating and issued a $38.00 price objective on shares of Antero Resources in a research report on Thursday, April 30th. Weiss Ratings downgraded shares of Antero Resources from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. Morgan Stanley lifted their price target on shares of Antero Resources from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $57.00 price target on shares of Antero Resources in a research note on Friday, May 1st. Finally, Mizuho upped their price target on shares of Antero Resources from $54.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday. Five equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Antero Resources has an average rating of “Moderate Buy” and a consensus price target of $50.38.

Antero Resources Stock Up 1.9%

Shares of Antero Resources stock opened at $35.15 on Thursday. Antero Resources has a 1 year low of $29.10 and a 1 year high of $45.75. The business has a 50-day moving average of $36.35 and a two-hundred day moving average of $36.36. The company has a market capitalization of $10.89 billion, a P/E ratio of 11.41 and a beta of 0.33. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.40 and a quick ratio of 0.40.

Insider Activity at Antero Resources

In other Antero Resources news, insider Michael N. Kennedy sold 185,826 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $39.33, for a total transaction of $7,308,536.58. Following the completion of the transaction, the insider owned 1,085,192 shares of the company’s stock, valued at $42,680,601.36. This represents a 14.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yvette K. Schultz sold 39,490 shares of the company’s 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 directly owned 277,665 shares of the company’s stock, valued at approximately $10,903,904.55. This trade represents a 12.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 4.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. bought a new position in Antero Resources in the third quarter valued at $30,000. IFP Advisors Inc increased its stake in Antero Resources by 59.2% in the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after buying an additional 345 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in Antero Resources during the 4th quarter worth about $41,000. Hilton Head Capital Partners LLC bought a new stake in Antero Resources during the 4th quarter worth about $44,000. Finally, SBI Okasan Asset Management Co.Ltd. acquired a new position in shares of Antero Resources during the 4th quarter worth about $45,000. Institutional investors and hedge funds 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.