Antero Resources (NYSE:AR) Upgraded by Texas Capital to Strong-Buy Rating

Texas Capital upgraded shares of Antero Resources (NYSE:AR) to a strong-buy rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other equities analysts also recently weighed in on the company. Barclays boosted their price target on Antero Resources from $43.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Williams Trading set a $56.00 target price on Antero Resources in a research note on Monday, April 20th. Weiss Ratings lowered Antero Resources from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. Morgan Stanley increased their price target on Antero Resources from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. Finally, Truist Financial began coverage on shares of Antero Resources in a research report on Tuesday, March 24th. They set a “buy” rating and a $56.00 price objective for the company. Five investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $50.38.

Antero Resources Stock Up 1.9%

Antero Resources stock opened at $35.15 on Thursday. The firm has a market capitalization of $10.89 billion, a PE ratio of 11.41 and a beta of 0.33. The company’s 50-day moving average is $36.35 and its 200-day moving average is $36.36. Antero Resources has a fifty-two week low of $29.10 and a fifty-two week high of $45.75. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.40 and a quick ratio of 0.40.

Insider Buying and Selling at Antero Resources

In other news, insider Michael N. Kennedy sold 185,826 shares of Antero Resources stock in a transaction on Monday, May 4th. The stock was sold at an average price of $39.33, for a total transaction of $7,308,536.58. Following the completion of the sale, the insider owned 1,085,192 shares of the company’s stock, valued at approximately $42,680,601.36. This trade represents a 14.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yvette K. Schultz sold 39,490 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $39.27, for a total transaction of $1,550,772.30. Following the completion of the sale, the insider directly owned 277,665 shares of the company’s stock, valued at approximately $10,903,904.55. The trade was a 12.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 4.10% of the company’s stock.

Institutional Trading of Antero Resources

Institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in shares of Antero Resources by 12.7% during the first quarter. Dimensional Fund Advisors LP now owns 10,239,070 shares of the oil and natural gas company’s stock worth $434,597,000 after purchasing an additional 1,153,422 shares during the period. State Street Corp boosted its stake in shares of Antero Resources by 1.2% in the third quarter. State Street Corp now owns 10,171,885 shares of the oil and natural gas company’s stock valued at $341,368,000 after buying an additional 116,461 shares during the period. Sourcerock Group LLC grew its position in Antero Resources by 10.6% during the second quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company’s stock worth $328,529,000 after buying an additional 783,117 shares in the last quarter. Invesco Ltd. increased its stake in Antero Resources by 18.0% during the 4th quarter. Invesco Ltd. now owns 4,999,747 shares of the oil and natural gas company’s stock worth $172,291,000 after acquiring an additional 761,842 shares during the period. Finally, AQR Capital Management LLC increased its stake in Antero Resources by 35.4% during the 4th quarter. AQR Capital Management LLC now owns 4,694,364 shares of the oil and natural gas company’s stock worth $161,768,000 after acquiring an additional 1,226,828 shares during the period. Institutional investors 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.