Antero Resources Corporation (AR) – What Are Brokerages Saying About This Stock?

Shares of Antero Resources Corporation (NYSE:AR) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-three ratings firms that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and five have given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $48.74.

AR has been the topic of several analyst reports. Citigroup increased their target price on Antero Resources from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, October 30th. Scotiabank assumed coverage on Antero Resources in a research report on Wednesday, October 14th. They issued a “sector outperform” rating and a $46.00 price target on the stock. Truist Financial boosted their price target on Antero Resources from $46.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, October 30th. Weiss Ratings raised shares of Antero Resources from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday. Finally, Benchmark increased their price objective on shares of Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th.

Institutional Trading of Antero Resources

Several large investors have recently made changes to their positions in the company. Pathstone Holdings LLC increased its stake in Antero Resources by 10.1% in the third quarter. Pathstone Holdings LLC now owns 56,686 shares of the oil and natural gas company’s stock valued at $1,893,000 after acquiring an additional 5,223 shares during the last quarter. Empowered Funds LLC raised its position in Antero Resources by 1.7% during the third quarter. Empowered Funds LLC now owns 151,164 shares of the oil and natural gas company’s stock valued at $5,047,000 after purchasing an additional 2,478 shares in the last quarter. Snowwater Investment Partners LLC raised its position in Antero Resources by 15.9% during the third quarter. Snowwater Investment Partners LLC now owns 8,167 shares of the oil and natural gas company’s stock valued at $273,000 after purchasing an additional 1,122 shares in the last quarter. Bleakley Financial Group LLC raised its position in Antero Resources by 123.7% during the third quarter. Bleakley Financial Group LLC now owns 106,319 shares of the oil and natural gas company’s stock valued at $3,550,000 after purchasing an additional 58,782 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in Antero Resources by 21.1% during the third quarter. First Trust Advisors LP now owns 1,579,072 shares of the oil and natural gas company’s stock worth $52,725,000 after purchasing an additional 275,271 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Price Performance

Shares of AR stock traded up $0.01 during trading on Friday, hitting $38.72. The company had a trading volume of 3,248,901 shares, compared to its average volume of 4,665,985. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.39 and a current ratio of 0.39. The firm has a market capitalization of $11.89 billion, a P/E ratio of 8.74 and a beta of 0.50. The stock’s 50-day moving average price is $37.42 and its 200 day moving average price is $36.98. Antero Resources has a one year low of $31.15 and a one year high of $45.75.

About Antero Resources

Antero Resources Corporation is an independent energy company focused on acquiring, developing and producing natural gas, natural gas liquids and oil from unconventional reserves in the Appalachian Basin. Its operations are concentrated in the Marcellus Shale in West Virginia and the Utica Shale in Ohio. The company’s products include natural gas and natural gas liquids such as ethane, propane, butane and natural gasoline. Antero also markets and transports its production to customers, including users in domestic and international energy markets.