Antero Resources Co. (NYSE:AR) Receives $39.44 Average PT from Brokerages

Antero Resources Co. (NYSE:AR) has received a consensus rating of “Moderate Buy” from the eighteen ratings firms that are currently covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $39.44.

AR has been the topic of several recent analyst reports. Truist Financial increased their target price on Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a report on Monday, January 13th. Raymond James increased their target price on Antero Resources from $44.00 to $60.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. raised their price target on shares of Antero Resources from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Tuesday, January 14th. UBS Group upped their target price on Antero Resources from $39.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Finally, Benchmark reaffirmed a “hold” rating on shares of Antero Resources in a report on Friday, January 17th.

Antero Resources Price Performance

Shares of Antero Resources stock opened at $37.36 on Friday. The firm has a market cap of $11.63 billion, a PE ratio of 116.75 and a beta of 3.33. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21. Antero Resources has a twelve month low of $24.53 and a twelve month high of $41.53. The business has a 50-day moving average price of $37.42 and a 200 day moving average price of $31.84.

Antero Resources (NYSE:AR) last issued its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. Sell-side analysts predict that Antero Resources will post 2.74 earnings per share for the current fiscal year.

Insider Activity at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the sale, the director now owns 1,800,000 shares in the company, valued at $71,568,000. The trade was a 10.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Antero Resources

Institutional investors have recently added to or reduced their stakes in the stock. Pinnacle Bancorp Inc. acquired a new stake in Antero Resources in the fourth quarter worth $28,000. True Wealth Design LLC bought a new position in shares of Antero Resources in the 3rd quarter worth $30,000. Spire Wealth Management bought a new stake in Antero Resources during the 4th quarter valued at $31,000. Capital Performance Advisors LLP bought a new position in shares of Antero Resources in the third quarter valued at $45,000. Finally, Wilmington Savings Fund Society FSB grew its holdings in shares of Antero Resources by 205.2% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company’s stock valued at $48,000 after buying an additional 913 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.