Analysts Set Antero Resources Corporation (NYSE:AR) Target Price at $49.35

Antero Resources Corporation (NYSE:AR) has earned a consensus rating of “Moderate Buy” from the twenty-one research firms that are covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and four have issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $49.4706.

AR has been the subject of several analyst reports. Morgan Stanley decreased their target price on shares of Antero Resources from $56.00 to $48.00 and set an “overweight” rating for the company in a research note on Monday, June 29th. Williams Trading set a $56.00 price target on shares of Antero Resources in a research note on Monday, April 20th. Roth Capital reissued a “neutral” rating and issued a $38.00 price objective on shares of Antero Resources in a research report on Thursday, April 30th. Texas Capital upgraded Antero Resources to a “strong-buy” rating in a research note on Thursday, June 25th. Finally, Truist Financial dropped their target price on Antero Resources from $56.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday.

Antero Resources Stock Down 3.8%

Antero Resources stock traded down $1.30 during midday trading on Monday, hitting $33.19. 6,403,149 shares of the company were exchanged, compared to its average volume of 4,498,540. The company has a market cap of $10.28 billion, a PE ratio of 10.78 and a beta of 0.33. Antero Resources has a fifty-two week low of $29.10 and a fifty-two week high of $45.75. The company’s fifty day moving average price is $35.74 and its 200-day moving average price is $36.32. 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 Buying and Selling

In related news, insider Michael N. Kennedy sold 185,826 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $39.33, for a total value of $7,308,536.58. Following the sale, the insider directly owned 1,085,192 shares of the company’s stock, valued at $42,680,601.36. This represents a 14.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 stock in a transaction on Monday, May 4th. The shares were sold at an average price of $39.27, for a total transaction of $1,550,772.30. Following the transaction, the insider owned 277,665 shares in the company, valued at $10,903,904.55. This trade represents a 12.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 4.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Antero Resources

Institutional investors have recently modified their holdings of the stock. Fiduciary Financial Group LLC bought a new position in shares of Antero Resources during the second quarter worth about $339,000. Gradient Investments LLC increased its holdings in Antero Resources by 110.2% in the second quarter. Gradient Investments LLC now owns 37,897 shares of the oil and natural gas company’s stock valued at $1,332,000 after buying an additional 19,870 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Antero Resources during the second quarter valued at approximately $87,000. GAMMA Investing LLC raised its stake in Antero Resources by 6.0% during the second quarter. GAMMA Investing LLC now owns 8,556 shares of the oil and natural gas company’s stock valued at $301,000 after buying an additional 481 shares in the last quarter. Finally, Eastern Bank bought a new position in Antero Resources during the 2nd quarter worth approximately $26,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Company Profile

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.