Antero Resources (NYSE:AR) Coverage Initiated by Analysts at Bank of America

Bank of America assumed coverage on shares of Antero Resources (NYSE:AR) in a research note published on Monday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $36.00 target price on the oil and natural gas company’s stock.

A number of other equities research analysts have also issued reports on AR. Wells Fargo & Company cut their price target on shares of Antero Resources from $25.00 to $24.00 and set an “underweight” rating on the stock in a report on Friday, October 18th. Scotiabank raised Antero Resources from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $40.00 to $44.00 in a research note on Tuesday, August 20th. JPMorgan Chase & Co. lowered their price target on Antero Resources from $37.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, September 12th. Citigroup assumed coverage on Antero Resources in a report on Tuesday, September 17th. They issued a “neutral” rating and a $29.00 price objective for the company. Finally, Truist Financial reduced their target price on Antero Resources from $29.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.94.

Antero Resources Trading Down 8.3 %

Shares of AR stock opened at $25.89 on Monday. The business has a 50-day moving average of $27.43 and a 200 day moving average of $30.24. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. Antero Resources has a 1-year low of $20.10 and a 1-year high of $36.28. The stock has a market capitalization of $8.05 billion, a PE ratio of 184.93 and a beta of 3.33.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, October 30th. The oil and natural gas company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.07). Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. As a group, sell-side analysts anticipate that Antero Resources will post -0.21 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Yvette K. Schultz sold 50,000 shares of the 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 sale, the insider now directly owns 248,363 shares of the company’s stock, valued at approximately $6,268,682.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On Antero Resources

A number of institutional investors have recently made changes to their positions in the company. UMB Bank n.a. boosted its stake in Antero Resources by 357.3% during the 3rd quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock valued at $25,000 after purchasing an additional 686 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in 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 worth $28,000 after buying an additional 892 shares in the last quarter. Mattson Financial Services LLC purchased a new position in Antero Resources in the 2nd quarter worth about $64,000. GAMMA Investing LLC lifted its stake in Antero Resources by 27.8% during the 2nd quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock valued at $98,000 after acquiring an additional 655 shares during the period. Finally, Manchester Capital Management LLC boosted its holdings in shares of Antero Resources by 382.1% during the 1st quarter. Manchester Capital Management LLC now owns 3,375 shares of the oil and natural gas company’s stock valued at $98,000 after acquiring an additional 2,675 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

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.