Brokerages Set Antero Resources Corporation (NYSE:AR) PT at $49.63

Shares of Antero Resources Corporation (NYSE:AR) have received a consensus recommendation of “Buy” from the nineteen analysts that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation, ten have issued 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 $49.6250.

AR has been the topic of several research reports. Roth Mkm reissued a “neutral” rating and issued a $38.00 price objective on shares of Antero Resources in a research report on Thursday, April 30th. Barclays raised their price objective on Antero Resources from $41.00 to $43.00 and gave the company an “equal weight” rating in a research report on Monday, March 16th. Williams Trading set a $56.00 price objective on Antero Resources in a research report on Monday, April 20th. Morgan Stanley raised their price objective on Antero Resources from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. Finally, Weiss Ratings raised Antero Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th.

Insider Transactions at Antero Resources

In other news, 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 transaction of $1,550,772.30. Following the sale, the insider directly owned 277,665 shares of the company’s stock, valued at approximately $10,903,904.55. The trade was a 12.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the insider directly owned 1,085,192 shares in the company, valued at approximately $42,680,601.36. The trade was a 14.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 252,316 shares of company stock valued at $9,977,259. 6.30% of the stock is currently owned by insiders.

Institutional Trading of Antero Resources

A number of hedge funds and other institutional investors have recently modified their holdings of AR. Root Financial Partners LLC purchased a new stake in shares of Antero Resources during the third quarter worth about $26,000. Sunbelt Securities Inc. purchased a new stake in shares of Antero Resources during the third quarter worth about $30,000. IFP Advisors Inc increased its position in shares of Antero Resources by 59.2% during the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock worth $31,000 after acquiring an additional 345 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Antero Resources during the fourth quarter worth about $41,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Antero Resources during the fourth quarter worth about $44,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

Antero Resources Trading Down 0.7%

NYSE:AR opened at $36.79 on Friday. The business’s 50-day moving average is $39.31 and its two-hundred day moving average is $36.26. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.40 and a quick ratio of 0.40. Antero Resources has a 12 month low of $29.10 and a 12 month high of $45.75. The firm has a market capitalization of $11.40 billion, a PE ratio of 11.95 and a beta of 0.36.

About Antero Resources

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.