Antero Resources (NYSE:AR) Receives New Coverage from Analysts at Citigroup

Citigroup initiated coverage on shares of Antero Resources (NYSE:AR) in a research note issued to investors on Tuesday, Briefing.com reports. The brokerage set a “neutral” rating and a $29.00 price target on the oil and natural gas company’s stock. Citigroup’s price objective would suggest a potential upside of 8.65% from the stock’s previous close.

A number of other research analysts also recently weighed in on AR. Morgan Stanley dropped their price target on Antero Resources from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Monday. Mizuho lowered their price target on shares of Antero Resources from $37.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday. The Goldman Sachs Group reduced their price target on Antero Resources from $36.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Roth Capital upgraded shares of Antero Resources to a “strong-buy” rating in a research report on Tuesday, August 27th. Finally, Wells Fargo & Company cut their target price on shares of Antero Resources from $38.00 to $34.00 and set an “overweight” rating for the company in a research report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.13.

Antero Resources Stock Up 0.8 %

Shares of NYSE AR opened at $26.69 on Tuesday. The stock’s fifty day moving average is $28.12 and its 200 day moving average is $30.19. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. Antero Resources has a 52 week low of $20.10 and a 52 week high of $36.28. The stock has a market capitalization of $8.30 billion, a P/E ratio of 133.45 and a beta of 3.33.

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

Insider Buying and Selling at Antero Resources

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AR. Allspring Global Investments Holdings LLC boosted its holdings in shares of Antero Resources by 1,311.8% in the first 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 in the last quarter. Mather Group LLC. acquired a new position in Antero Resources in the 1st quarter valued at approximately $37,000. Lindbrook Capital LLC increased its stake in shares of Antero Resources by 35.1% in the first quarter. Lindbrook Capital LLC now owns 1,998 shares of the oil and natural gas company’s stock worth $58,000 after acquiring an additional 519 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of 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 worth $62,000 after purchasing an additional 602 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew 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 acquiring an additional 343 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors.

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.