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

Antero Resources Corporation (NYSE:AR) has earned an average recommendation of “Buy” from the nineteen ratings firms that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and five have given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $49.6250.

AR has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of Antero Resources from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Bank of America boosted their target price on shares of Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Jefferies Financial Group reissued a “buy” rating and issued a $57.00 price target on shares of Antero Resources in a report on Friday, May 1st. Citigroup boosted their price target on shares of Antero Resources from $39.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, March 31st. Finally, Zacks Research raised shares of Antero Resources from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, Director Benjamin A. Hardesty sold 12,000 shares of the business’s 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 owned 150,242 shares of the company’s stock, valued at $6,610,648. The trade was a 7.40% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael N. Kennedy sold 185,826 shares of the business’s stock in a transaction on Monday, May 4th. The shares were 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 directly owned 1,085,192 shares in the company, valued at $42,680,601.36. This trade represents a 14.62% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 252,316 shares of company stock valued at $9,977,259 in the last 90 days. 6.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Antero Resources

Institutional investors and hedge funds have recently bought and sold shares of the business. Annandale Capital LLC grew its holdings in shares of Antero Resources by 0.4% in the 3rd quarter. Annandale Capital LLC now owns 73,754 shares of the oil and natural gas company’s stock worth $2,475,000 after purchasing an additional 300 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Antero Resources by 16.7% in the 4th quarter. Parallel Advisors LLC now owns 2,108 shares of the oil and natural gas company’s stock worth $73,000 after purchasing an additional 301 shares during the last quarter. Brooklyn Investment Group grew its holdings in shares of Antero Resources by 2.0% in the 3rd quarter. Brooklyn Investment Group now owns 15,752 shares of the oil and natural gas company’s stock worth $529,000 after purchasing an additional 305 shares during the last quarter. Uhlmann Price Securities LLC grew its holdings in shares of Antero Resources by 2.2% in the 3rd quarter. Uhlmann Price Securities LLC now owns 15,125 shares of the oil and natural gas company’s stock worth $508,000 after purchasing an additional 325 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of Antero Resources by 4.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 8,506 shares of the oil and natural gas company’s stock worth $293,000 after purchasing an additional 343 shares during the last quarter. Institutional investors own 83.04% of the company’s stock.

Antero Resources Trading Down 2.4%

Shares of AR stock opened at $37.07 on Friday. Antero Resources has a 1 year low of $29.10 and a 1 year high of $45.75. The firm’s fifty day simple moving average is $39.37 and its 200 day simple moving average is $36.26. The firm has a market capitalization of $11.49 billion, a P/E ratio of 12.04 and a beta of 0.36. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.32.

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.