Antero Resources (NYSE:AR) Upgraded to “Sell” at StockNews.com

StockNews.com upgraded shares of Antero Resources (NYSE:AR) to a sell rating in a report issued on Friday.

Several other research firms also recently commented on AR. Mizuho boosted their target price on Antero Resources from $28.00 to $29.00 and gave the stock a neutral rating in a report on Wednesday, April 3rd. Raymond James boosted their target price on Antero Resources from $28.00 to $32.00 and gave the stock a strong-buy rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. boosted their target price on Antero Resources from $30.00 to $32.00 and gave the stock an overweight rating in a report on Wednesday, March 27th. Benchmark downgraded Antero Resources from a buy rating to a hold rating in a report on Thursday, February 22nd. Finally, Truist Financial dropped their target price on Antero Resources from $28.00 to $27.00 and set a hold rating on the stock in a report on Friday, April 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average price target of $30.69.

Antero Resources Price Performance

Shares of AR stock opened at $33.80 on Friday. The stock has a market cap of $10.51 billion, a price-to-earnings ratio of 169.00 and a beta of 3.30. The business’s fifty day moving average is $27.65 and its 200 day moving average is $25.44. Antero Resources has a twelve month low of $19.91 and a twelve month high of $34.24. The company has a quick ratio of 0.33, a current ratio of 0.29 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR) last issued its quarterly earnings results on Wednesday, April 24th. The oil and natural gas company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Antero Resources had a return on equity of 0.18% and a net margin of 1.50%. Antero Resources’s revenue for the quarter was down 20.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.48 earnings per share. Research analysts expect that Antero Resources will post 0.33 EPS for the current fiscal year.

Insider Activity at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 232,293 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $25.85, for a total transaction of $6,004,774.05. Following the sale, the director now directly owns 3,000,000 shares of the company’s stock, valued at $77,550,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Antero Resources news, insider Sheri Pearce sold 28,009 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total value of $736,356.61. Following the transaction, the insider now directly owns 106,698 shares of the company’s stock, valued at $2,805,090.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Howard Keenan, Jr. sold 232,293 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $25.85, for a total value of $6,004,774.05. Following the completion of the transaction, the director now directly owns 3,000,000 shares in the company, valued at $77,550,000. The disclosure for this sale can be found here. Insiders have sold 467,280 shares of company stock valued at $12,153,605 over the last ninety days. Insiders own 5.95% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Oslo Asset Management AS raised its stake in shares of Antero Resources by 150.0% in the fourth quarter. Oslo Asset Management AS now owns 300,000 shares of the oil and natural gas company’s stock worth $6,804,000 after buying an additional 180,000 shares during the period. Cerity Partners LLC bought a new position in shares of Antero Resources in the fourth quarter worth about $1,015,000. Assenagon Asset Management S.A. raised its stake in shares of Antero Resources by 129.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,508,156 shares of the oil and natural gas company’s stock worth $34,205,000 after buying an additional 850,940 shares during the period. Moors & Cabot Inc. raised its stake in shares of Antero Resources by 11.6% in the third quarter. Moors & Cabot Inc. now owns 14,685 shares of the oil and natural gas company’s stock worth $373,000 after buying an additional 1,525 shares during the period. Finally, Vontobel Holding Ltd. raised its stake in shares of Antero Resources by 283.1% in the fourth quarter. Vontobel Holding Ltd. now owns 44,338 shares of the oil and natural gas company’s stock worth $1,006,000 after buying an additional 32,764 shares during the period. 83.04% of the stock is owned by hedge funds and other 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.