Antero Resources Corporation (NYSE:AR) Receives $49.35 Average Price Target from Analysts

Shares of Antero Resources Corporation (NYSE:AR) have been given a consensus recommendation of “Moderate Buy” by the twenty-one analysts that are covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating, eleven have given a buy rating and four have given a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $49.4706.

A number of brokerages recently commented on AR. UBS Group increased their price target on Antero Resources from $54.00 to $56.00 and gave the company a “buy” rating in a report on Friday, May 1st. Texas Capital raised shares of Antero Resources to a “strong-buy” rating in a report on Thursday, June 25th. The Goldman Sachs Group lowered their price objective on Antero Resources from $46.00 to $41.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Barclays upped their target price on shares of Antero Resources from $43.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 24th. Finally, Citigroup raised their price target on Antero Resources from $39.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, March 31st.

Insider Buying and Selling

In other news, insider Yvette K. Schultz sold 39,490 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $39.27, for a total value of $1,550,772.30. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $7,308,536.58. Following the transaction, the insider owned 1,085,192 shares in the company, valued at $42,680,601.36. This represents a 14.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 4.10% of the company’s stock.

Institutional Trading of Antero Resources

Hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in Antero Resources by 12.7% in the first quarter. Dimensional Fund Advisors LP now owns 10,239,070 shares of the oil and natural gas company’s stock worth $434,597,000 after acquiring an additional 1,153,422 shares in the last quarter. State Street Corp boosted its position in shares of Antero Resources by 1.2% during the 3rd quarter. State Street Corp now owns 10,171,885 shares of the oil and natural gas company’s stock valued at $341,368,000 after purchasing an additional 116,461 shares in the last quarter. Sourcerock Group LLC grew its stake in shares of Antero Resources by 10.6% in the 2nd quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company’s stock worth $328,529,000 after purchasing an additional 783,117 shares during the last quarter. Invesco Ltd. grew its stake in shares of Antero Resources by 18.0% in the 4th quarter. Invesco Ltd. now owns 4,999,747 shares of the oil and natural gas company’s stock worth $172,291,000 after purchasing an additional 761,842 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Antero Resources by 35.4% in the 4th quarter. AQR Capital Management LLC now owns 4,694,364 shares of the oil and natural gas company’s stock worth $161,768,000 after purchasing an additional 1,226,828 shares in the last quarter. Institutional investors own 83.04% of the company’s stock.

Antero Resources Price Performance

Shares of AR stock opened at $33.19 on Monday. Antero Resources has a twelve month low of $29.10 and a twelve month high of $45.75. The company has a market capitalization of $10.28 billion, a PE ratio of 10.78 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. The firm has a fifty day simple moving average of $35.74 and a 200-day simple moving average of $36.34.

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.