Antero Resources Co. (NYSE:AR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Antero Resources Co. (NYSE:AR) has earned a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $41.06.

AR has been the subject of several analyst reports. Truist Financial boosted their target price on shares of Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. upped their target price on Antero Resources from $45.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, March 13th. The Goldman Sachs Group lifted their price target on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Barclays upped their price objective on Antero Resources from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Finally, StockNews.com upgraded Antero Resources to a “sell” rating in a research report on Thursday, February 13th.

Antero Resources Trading Up 1.1 %

Shares of NYSE:AR opened at $41.22 on Tuesday. The business’s 50 day simple moving average is $38.43 and its 200 day simple moving average is $33.21. Antero Resources has a 1 year low of $24.53 and a 1 year high of $41.59. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market capitalization of $12.83 billion, a P/E ratio of 128.80 and a beta of 3.38.

Antero Resources (NYSE:AR) last released its earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. On average, research analysts anticipate that Antero Resources will post 2.74 EPS for the current fiscal year.

Insiders Place Their Bets

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the completion of the transaction, the director now owns 1,800,000 shares in the company, valued at approximately $71,568,000. This trade represents a 10.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On Antero Resources

A number of institutional investors have recently modified their holdings of the company. KBC Group NV boosted its position in Antero Resources by 12.4% during the third quarter. KBC Group NV now owns 8,086 shares of the oil and natural gas company’s stock valued at $232,000 after acquiring an additional 889 shares during the last quarter. Natixis Advisors LLC boosted its position in shares of Antero Resources by 6.2% during the 3rd quarter. Natixis Advisors LLC now owns 1,516,963 shares of the oil and natural gas company’s stock valued at $43,461,000 after purchasing an additional 88,099 shares in the last quarter. Swiss National Bank boosted its position in shares of Antero Resources by 1.6% during the 3rd quarter. Swiss National Bank now owns 576,400 shares of the oil and natural gas company’s stock valued at $16,514,000 after purchasing an additional 9,300 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Antero Resources by 85.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 167,882 shares of the oil and natural gas company’s stock worth $4,810,000 after purchasing an additional 77,193 shares in the last quarter. Finally, Payden & Rygel lifted its stake in Antero Resources by 1,172.6% in the third quarter. Payden & Rygel now owns 49,760 shares of the oil and natural gas company’s stock valued at $1,426,000 after buying an additional 45,850 shares during the period. 83.04% of the stock is owned by institutional investors.

Antero Resources Company Profile

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.