Analysts Set Antero Resources Co. (NYSE:AR) PT at $30.69

Antero Resources Co. (NYSE:AR) has been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $32.08.

AR has been the subject of several research reports. Benchmark lowered Antero Resources from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. 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. Tudor, Pickering, Holt & Co. upgraded Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Wednesday, January 17th. Truist Financial reduced their target price on Antero Resources from $28.00 to $27.00 and set a “hold” rating for the company in a report on Friday, April 5th. Finally, Wells Fargo & Company lifted their price target on Antero Resources from $35.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday.

Antero Resources Stock Down 4.0 %

Shares of Antero Resources stock opened at $32.67 on Friday. The firm has a market cap of $10.15 billion, a price-to-earnings ratio of 163.30 and a beta of 3.30. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. Antero Resources has a 52-week low of $19.91 and a 52-week high of $34.69. The stock has a 50-day simple moving average of $28.27 and a 200-day simple moving average of $25.55.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. Antero Resources had a return on equity of 0.18% and a net margin of 1.50%. On average, equities research analysts expect that Antero Resources will post 0.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, Director Robert J. Clark sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $33.67, for a total value of $336,700.00. Following the transaction, the director now owns 69,963 shares of the company’s stock, valued at $2,355,654.21. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Sheri Pearce sold 28,009 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total transaction of $736,356.61. Following the transaction, the insider now 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 this hyperlink. Also, Director Robert J. Clark sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $33.67, for a total value of $336,700.00. Following the transaction, the director now directly owns 69,963 shares in the company, valued at approximately $2,355,654.21. The disclosure for this sale can be found here. Insiders have sold 477,280 shares of company stock worth $12,490,305 over the last three months. Company insiders own 5.95% of the company’s stock.

Institutional Investors Weigh In On Antero Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AR. Oslo Asset Management AS increased its holdings 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 acquiring an additional 180,000 shares in the last quarter. Cerity Partners LLC bought a new stake in shares of Antero Resources in the fourth quarter worth about $1,015,000. Assenagon Asset Management S.A. increased its holdings 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 acquiring an additional 850,940 shares in the last quarter. Kailix Advisors LLC increased its holdings in shares of Antero Resources by 28.4% in the fourth quarter. Kailix Advisors LLC now owns 1,914,213 shares of the oil and natural gas company’s stock worth $43,414,000 after acquiring an additional 423,017 shares in the last quarter. Finally, Moors & Cabot Inc. increased its holdings 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 acquiring an additional 1,525 shares in the last quarter. 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.