Antero Resources Corporation (NYSE:AR) Receives $50.06 Consensus PT from Brokerages

Shares of Antero Resources Corporation (NYSE:AR) have been assigned an average rating of “Moderate Buy” from the nineteen analysts that are currently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and four have given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $50.0625.

Several research analysts recently commented on AR shares. Truist Financial started coverage on shares of Antero Resources in a research note on Tuesday, March 24th. They issued a “buy” rating and a $56.00 target price on the stock. Zacks Research cut shares of Antero Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Mizuho lifted their price target on shares of Antero Resources from $50.00 to $54.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Jefferies Financial Group reissued a “buy” rating and set a $57.00 price target on shares of Antero Resources in a research report on Friday, May 1st. Finally, Roth Mkm reaffirmed a “neutral” rating and issued a $38.00 price target on shares of Antero Resources in a research report on Thursday, April 30th.

Insider Activity

In other news, insider Michael N. Kennedy sold 185,826 shares of Antero Resources stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $39.33, for a total value of $7,308,536.58. Following the completion of the transaction, the insider owned 1,085,192 shares of the company’s stock, valued at $42,680,601.36. The trade was a 14.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 dated Monday, May 4th. The stock was 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 of the company’s stock, valued at approximately $10,903,904.55. This represents a 12.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 4.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Antero Resources

Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in shares of Antero Resources by 12.7% in the 1st 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 purchasing an additional 1,153,422 shares during the last quarter. State Street Corp raised its position in Antero Resources by 1.2% in the 3rd quarter. State Street Corp now owns 10,171,885 shares of the oil and natural gas company’s stock worth $341,368,000 after buying an additional 116,461 shares during the last quarter. Sourcerock Group LLC raised its position in 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 buying an additional 783,117 shares during the last quarter. Invesco Ltd. raised its position in 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 buying an additional 761,842 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in 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 buying an additional 1,226,828 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Stock Down 0.0%

Shares of NYSE AR opened at $33.90 on Thursday. Antero Resources has a one year low of $29.10 and a one year high of $45.75. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.40 and a quick ratio of 0.40. The firm’s 50 day simple moving average is $36.87 and its two-hundred day simple moving average is $36.46. The stock has a market capitalization of $10.50 billion, a P/E ratio of 11.01 and a beta of 0.33.

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.