Antero Resources Co. (NYSE:AR) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Antero Resources Co. (NYSE:AR) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $33.57.

Several analysts have issued reports on AR shares. Wolfe Research began coverage on Antero Resources in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Roth Capital raised shares of Antero Resources to a “strong-buy” rating in a report on Tuesday, August 27th. Jefferies Financial Group raised their target price on shares of Antero Resources from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. The Goldman Sachs Group upped their price target on shares of Antero Resources from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Finally, Scotiabank upgraded shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $40.00 to $44.00 in a research report on Tuesday, August 20th.

Antero Resources Stock Performance

AR opened at $25.34 on Friday. The company’s 50 day moving average is $28.95 and its 200 day moving average is $30.08. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. The company has a market cap of $7.88 billion, a price-to-earnings ratio of 126.70 and a beta of 3.40. Antero Resources has a 12-month low of $20.10 and a 12-month high of $36.28.

Antero Resources (NYSE:AR) last issued its quarterly earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.04). The business had revenue of $978.65 million for the quarter, compared to analysts’ expectations of $980.20 million. Antero Resources had a return on equity of 0.45% and a net margin of 1.88%. On average, equities research analysts predict that Antero Resources will post 0.34 EPS for the current year.

Insider Transactions at Antero Resources

In other news, insider Yvette K. Schultz sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the sale, the insider now directly owns 248,363 shares of the company’s stock, valued at approximately $6,268,682.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 6.70% of the company’s stock.

Institutional Trading of Antero Resources

A number of large investors have recently made changes to their positions in AR. Allspring Global Investments Holdings LLC lifted its holdings in shares of Antero Resources by 1,311.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock valued at $28,000 after acquiring an additional 892 shares during the last quarter. Mather Group LLC. purchased a new position in shares of Antero Resources in the 1st quarter worth approximately $37,000. Lindbrook Capital LLC increased its position in shares of Antero Resources by 35.1% during the 1st quarter. Lindbrook Capital LLC now owns 1,998 shares of the oil and natural gas company’s stock valued at $58,000 after purchasing an additional 519 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in Antero Resources by 28.0% during the 4th quarter. Quadrant Capital Group LLC now owns 2,752 shares of the oil and natural gas company’s stock valued at $62,000 after buying an additional 602 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its position in Antero Resources by 11.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,384 shares of the oil and natural gas company’s stock worth $98,000 after buying an additional 343 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors.

About Antero Resources

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.