Antero Resources (NYSE:AR) Now Covered by Truist Financial

Analysts at Truist Financial initiated coverage on shares of Antero Resources (NYSE:AR) in a report issued on Tuesday. The brokerage set a “buy” rating and a $56.00 price target on the oil and natural gas company’s stock. Truist Financial’s price objective suggests a potential upside of 31.49% from the company’s current price.

AR has been the topic of several other research reports. Weiss Ratings restated a “hold (c)” rating on shares of Antero Resources in a report on Monday, December 29th. BMO Capital Markets lifted their price objective on shares of Antero Resources from $37.00 to $40.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 9th. Benchmark upgraded shares of Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Thursday, March 5th. TD Cowen raised shares of Antero Resources to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Bank of America lifted their price target on shares of Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Four investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $46.63.

Antero Resources Trading Down 1.2%

Shares of NYSE AR opened at $42.59 on Tuesday. Antero Resources has a 1-year low of $29.10 and a 1-year high of $44.37. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.55 and a quick ratio of 0.55. The business’s 50 day moving average is $36.02 and its two-hundred day moving average is $34.45. The stock has a market capitalization of $13.14 billion, a P/E ratio of 21.08 and a beta of 0.52.

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

Insider Activity at Antero Resources

In other Antero Resources news, insider Yvette K. Schultz sold 15,000 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $39.33, for a total transaction of $589,950.00. Following the transaction, the insider directly owned 319,122 shares in the company, valued at $12,551,068.26. This trade represents a 4.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Benjamin A. Hardesty sold 12,000 shares of Antero Resources stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $44.00, for a total value of $528,000.00. Following the sale, the director directly owned 150,242 shares of the company’s stock, valued at approximately $6,610,648. This trade represents a 7.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 6.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Antero Resources

Several institutional investors have recently made changes to their positions in the company. Stephens Investment Management Group LLC grew its holdings in Antero Resources by 4.5% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,185,601 shares of the oil and natural gas company’s stock worth $39,789,000 after acquiring an additional 51,126 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Antero Resources by 103.8% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 436,476 shares of the oil and natural gas company’s stock valued at $14,648,000 after purchasing an additional 222,311 shares in the last quarter. Goodman Financial Corp purchased a new stake in shares of Antero Resources in the 3rd quarter worth approximately $14,791,000. Edgestream Partners L.P. purchased a new stake in shares of Antero Resources in the 2nd quarter worth approximately $3,015,000. Finally, Diamond Hill Capital Management Inc. boosted its stake in shares of Antero Resources by 43.4% during the third quarter. Diamond Hill Capital Management Inc. now owns 595,608 shares of the oil and natural gas company’s stock valued at $19,989,000 after purchasing an additional 180,390 shares in the last quarter. Hedge funds and other 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.