Antero Resources (NYSE:AR) Upgraded to Buy at TD Cowen

TD Cowen upgraded shares of Antero Resources (NYSE:AR) from a hold rating to a buy rating in a research note published on Tuesday morning, Marketbeat Ratings reports. TD Cowen currently has $46.00 price objective on the oil and natural gas company’s stock, up from their previous price objective of $40.00.

A number of other equities research analysts have also recently issued reports on the stock. Benchmark reissued a “hold” rating on shares of Antero Resources in a research note on Friday, January 17th. UBS Group upped their price target on shares of Antero Resources from $39.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Raymond James lifted their price objective on Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. The Goldman Sachs Group raised their target price on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, Barclays boosted their price target 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. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Antero Resources has a consensus rating of “Moderate Buy” and an average price target of $42.44.

Antero Resources Stock Performance

Shares of NYSE AR opened at $32.21 on Tuesday. Antero Resources has a 1 year low of $24.53 and a 1 year high of $42.63. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. The company’s fifty day moving average price is $38.10 and its 200 day moving average price is $34.14. The company has a market capitalization of $10.02 billion, a PE ratio of 100.66 and a beta of 3.08.

Antero Resources (NYSE:AR) last posted its earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates 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 predict that Antero Resources will post 2.74 earnings per share for the current year.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at $71,568,000. This trade represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On Antero Resources

Several large investors have recently made changes to their positions in the stock. Captrust Financial Advisors lifted its stake in Antero Resources by 17.5% during the third quarter. Captrust Financial Advisors now owns 20,327 shares of the oil and natural gas company’s stock worth $582,000 after purchasing an additional 3,022 shares in the last quarter. HighTower Advisors LLC boosted its holdings in Antero Resources by 21.5% during the 3rd quarter. HighTower Advisors LLC now owns 18,432 shares of the oil and natural gas company’s stock valued at $532,000 after acquiring an additional 3,266 shares during the period. Weiss Asset Management LP purchased a new position in Antero Resources during the 3rd quarter valued at about $558,000. M&T Bank Corp increased its stake in Antero Resources by 3.2% during the third quarter. M&T Bank Corp now owns 24,155 shares of the oil and natural gas company’s stock worth $692,000 after purchasing an additional 743 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Antero Resources by 1.3% during the third quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock worth $139,054,000 after purchasing an additional 61,490 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

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.