Antero Resources (NYSE:AR) Stock Rating Upgraded by Truist Financial

Antero Resources (NYSE:AR) was upgraded by analysts at Truist Financial to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Several other equities analysts have also weighed in on the stock. BMO Capital Markets increased their price objective on shares of Antero Resources from $37.00 to $40.00 and gave the company a “market perform” rating in a report on Tuesday, December 9th. Mizuho set a $47.00 target price on shares of Antero Resources in a research note on Friday, December 12th. Roth Mkm reaffirmed a “neutral” rating and set a $36.00 price objective on shares of Antero Resources in a research note on Monday, December 8th. Bank of America lifted their price target on shares of Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Finally, Wall Street Zen cut Antero Resources from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Five analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $46.63.

Antero Resources Trading Up 2.0%

AR stock opened at $43.39 on Monday. The company has a market cap of $13.39 billion, a P/E ratio of 21.48 and a beta of 0.52. Antero Resources has a twelve month low of $29.10 and a twelve month high of $44.37. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.18. The business has a fifty day moving average of $36.24 and a 200-day moving average of $34.53.

Antero Resources (NYSE:AR) last issued its quarterly earnings results 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 for 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 firm’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.48 earnings per share. As a group, equities research analysts expect that Antero Resources will post 2.74 EPS for the current year.

Insider Activity

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

Institutional Trading of Antero Resources

Several hedge funds and other institutional investors have recently modified their holdings of AR. Root Financial Partners LLC acquired a new position in shares of Antero Resources in the third quarter valued at approximately $26,000. Sunbelt Securities Inc. acquired a new stake in Antero Resources during the third quarter worth approximately $30,000. IFP Advisors Inc increased its stake in Antero Resources by 59.2% during the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock worth $31,000 after acquiring an additional 345 shares during the period. Newbridge Financial Services Group Inc. raised its holdings in Antero Resources by 114.2% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 938 shares of the oil and natural gas company’s stock valued at $38,000 after acquiring an additional 500 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in Antero Resources in the 4th quarter valued at $41,000. Institutional investors own 83.04% of the company’s stock.

About Antero Resources

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.