Antero Resources Corporation (NYSE:AR) Given Average Rating of “Moderate Buy” by Analysts

Shares of Antero Resources Corporation (NYSE:AR) have been assigned a consensus rating of “Moderate Buy” from the nineteen analysts that are covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $45.9375.

Several analysts have issued reports on AR shares. Wells Fargo & Company increased their target price on shares of Antero Resources from $39.00 to $49.00 and gave the stock an “overweight” rating in a research note on Friday, December 12th. Bank of America upped their price target on shares of Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Citigroup upgraded Antero Resources from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $37.00 to $39.00 in a research report on Tuesday, September 23rd. Mizuho set a $47.00 target price on Antero Resources in a research report on Friday, December 12th. Finally, Benchmark restated a “hold” rating on shares of Antero Resources in a research note on Thursday.

Antero Resources Stock Up 1.7%

Shares of NYSE AR opened at $32.33 on Monday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.17. The company has a market cap of $9.97 billion, a P/E ratio of 17.20 and a beta of 0.50. Antero Resources has a 52 week low of $29.10 and a 52 week high of $44.01. The business has a 50-day simple moving average of $34.33 and a two-hundred day simple moving average of $33.49.

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

Insider Buying and Selling at Antero Resources

In related news, insider Brendan E. Krueger bought 5,000 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average cost of $33.35 per share, with a total value of $166,750.00. Following the completion of the purchase, the insider directly owned 295,917 shares of the company’s stock, valued at $9,868,831.95. This trade represents a 1.72% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 6.30% of the company’s stock.

Hedge Funds Weigh In On Antero Resources

A number of institutional investors have recently made changes to their positions in AR. Perigon Wealth Management LLC lifted its holdings in shares of Antero Resources by 37.3% during the 4th quarter. Perigon Wealth Management LLC now owns 11,376 shares of the oil and natural gas company’s stock worth $392,000 after acquiring an additional 3,089 shares during the last quarter. Montgomery Investment Management Inc. bought a new position in Antero Resources in the fourth quarter valued at $203,000. Allspring Global Investments Holdings LLC raised its position in Antero Resources by 25.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 584,186 shares of the oil and natural gas company’s stock valued at $19,985,000 after purchasing an additional 117,151 shares in the last quarter. Retirement Systems of Alabama raised its position in Antero Resources by 100.0% during the fourth quarter. Retirement Systems of Alabama now owns 709,630 shares of the oil and natural gas company’s stock valued at $24,454,000 after purchasing an additional 354,789 shares in the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in Antero Resources during the fourth quarter worth about $284,000. 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.