Antero Resources Corporation (NYSE:AR) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Antero Resources Corporation (NYSE:AR) have been assigned an average rating of “Moderate Buy” from the eighteen ratings firms that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and four have assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $45.8667.

A number of equities analysts have recently commented on AR shares. Wells Fargo & Company raised their price objective on shares of Antero Resources from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Morgan Stanley dropped their price target on shares of Antero Resources from $48.00 to $46.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Roth Mkm restated a “neutral” rating and set a $36.00 price target on shares of Antero Resources in a research note on Monday, December 8th. UBS Group lifted their price objective on Antero Resources from $45.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Finally, Barclays dropped their target price on Antero Resources from $46.00 to $41.00 and set an “equal weight” rating for the company in a report on Wednesday, January 21st.

Antero Resources Stock Performance

Shares of NYSE AR opened at $39.04 on Tuesday. The firm has a market capitalization of $12.05 billion, a price-to-earnings ratio of 19.33 and a beta of 0.52. Antero Resources has a one year low of $29.10 and a one year high of $44.01. The business has a fifty day simple moving average of $34.43 and a 200 day simple moving average of $33.78. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.18.

Antero Resources (NYSE:AR) last posted its quarterly earnings results on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.13. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.33 billion. Antero Resources had a net margin of 12.02% and a return on equity of 6.71%. The business’s revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.48 earnings per share. Sell-side analysts expect that Antero Resources will post 2.74 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AR. Huntington National Bank boosted its stake in shares of Antero Resources by 91.3% in the 2nd quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company’s stock valued at $26,000 after purchasing an additional 313 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of Antero Resources during the 3rd quarter worth about $26,000. Sunbelt Securities Inc. bought a new position in Antero Resources during the 3rd quarter valued at about $30,000. IFP Advisors Inc boosted its position in Antero Resources by 59.2% in the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after buying an additional 345 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. boosted its position in Antero Resources by 114.2% in the second quarter. Newbridge Financial Services Group Inc. now owns 938 shares of the oil and natural gas company’s stock valued at $38,000 after buying an additional 500 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

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.