Antero Resources (NYSE:AR) Rating Increased to Strong-Buy at Texas Capital

Antero Resources (NYSE:AR) was upgraded by equities researchers at Texas Capital to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other analysts also recently issued reports on AR. Citigroup boosted their price target on Antero Resources from $39.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, March 31st. Truist Financial initiated coverage on Antero Resources in a research report on Tuesday, March 24th. They set a “buy” rating and a $56.00 price objective on the stock. UBS Group lifted 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. Roth Mkm reissued a “neutral” rating and issued a $38.00 target price on shares of Antero Resources in a research report on Thursday, April 30th. Finally, Williams Trading set a $56.00 price target on shares of Antero Resources in a research note on Monday, April 20th. Five investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $50.38.

Antero Resources Price Performance

Antero Resources stock opened at $35.15 on Thursday. The company has a market capitalization of $10.89 billion, a price-to-earnings ratio of 11.41 and a beta of 0.33. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.32. Antero Resources has a 12 month low of $29.10 and a 12 month high of $45.75. The stock’s 50 day moving average is $36.35 and its 200-day moving average is $36.36.

Insider Activity

In other news, insider Michael N. Kennedy sold 185,826 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $42,680,601.36. This trade represents a 14.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yvette K. Schultz sold 39,490 shares of Antero Resources stock in a transaction that occurred 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 sale, the insider directly 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. The disclosure for this sale is available in the SEC filing. 4.10% of the stock is currently owned by insiders.

Institutional Trading of Antero Resources

A number of hedge funds have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. bought a new stake in shares of Antero Resources during the third quarter worth $30,000. IFP Advisors Inc lifted its stake in shares of 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 acquiring an additional 345 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Antero Resources in the 4th quarter valued at $41,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Antero Resources during the 4th quarter valued at $44,000. Finally, SBI Okasan Asset Management Co.Ltd. acquired a new stake in shares of Antero Resources during the 4th quarter valued at $45,000. 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.