Brokerages Set Antero Resources Corporation (NYSE:AR) Price Target at $45.47

Antero Resources Corporation (NYSE:AR) has been assigned an average rating of “Moderate Buy” from the nineteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $45.9375.

A number of research firms have recently commented on AR. Barclays boosted their price target on Antero Resources from $40.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, December 11th. Morgan Stanley boosted their target price on Antero Resources from $44.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 9th. Jefferies Financial Group reduced their price target on shares of Antero Resources from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, October 3rd. Zacks Research upgraded shares of Antero Resources from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Finally, UBS Group increased their price objective on shares of Antero Resources from $40.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, December 12th.

Antero Resources Stock Performance

NYSE:AR opened at $31.95 on Monday. The company has a market cap of $9.86 billion, a price-to-earnings ratio of 17.00 and a beta of 0.50. Antero Resources has a fifty-two week low of $29.10 and a fifty-two week high of $44.01. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a fifty day moving average price of $34.38 and a 200-day moving average price of $33.61.

Antero Resources (NYSE:AR) last released its earnings results on Wednesday, October 29th. The oil and natural gas company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.38). The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.25 billion. Antero Resources had a net margin of 11.73% and a return on equity of 7.51%. Antero Resources’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.07) earnings per share. As a group, equities analysts anticipate that Antero Resources will post 2.74 EPS for the current fiscal year.

Insider Buying and Selling at Antero Resources

In other news, insider Brendan E. Krueger acquired 5,000 shares of Antero Resources stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average price of $33.35 per share, for a total transaction of $166,750.00. Following the transaction, the insider directly owned 295,917 shares of the company’s stock, valued at approximately $9,868,831.95. The trade was a 1.72% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AR. NewEdge Advisors LLC boosted its position in Antero Resources by 16,498.3% during the 1st quarter. NewEdge Advisors LLC now owns 9,627 shares of the oil and natural gas company’s stock worth $389,000 after buying an additional 9,569 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Antero Resources by 7.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 590,555 shares of the oil and natural gas company’s stock valued at $23,882,000 after acquiring an additional 43,312 shares during the last quarter. Focus Partners Wealth lifted its holdings in shares of Antero Resources by 18.9% during the first quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company’s stock worth $806,000 after purchasing an additional 3,169 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Antero Resources by 10.1% in the first quarter. Geneos Wealth Management Inc. now owns 4,054 shares of the oil and natural gas company’s stock worth $164,000 after purchasing an additional 371 shares during the last quarter. Finally, Strs Ohio bought a new stake in shares of Antero Resources in the first quarter worth $8,757,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Company Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.