Brokerages Set Antero Resources Co. (NYSE:AR) Price Target at $40.47

Shares of Antero Resources Co. (NYSE:AR - Get Free Report) have received an average rating of "Moderate Buy" from the eighteen brokerages that are covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $41.06.

Several research firms recently weighed in on AR. Mizuho boosted their price objective on shares of Antero Resources from $35.00 to $40.00 and gave the stock a "neutral" rating in a research report on Monday, December 16th. Truist Financial upped their price target on Antero Resources from $28.00 to $38.00 and gave the company a "hold" rating in a research note on Monday, January 13th. StockNews.com upgraded Antero Resources to a "sell" rating in a research report on Thursday, February 13th. Citigroup upped their target price on shares of Antero Resources from $29.00 to $35.00 and gave the company a "neutral" rating in a research report on Friday, December 6th. Finally, The Goldman Sachs Group boosted their price target on shares of Antero Resources from $39.00 to $44.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd.

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Insider Buying and Selling at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total value of $7,952,000.00. Following the transaction, the director now directly owns 1,800,000 shares of the company's stock, valued at $71,568,000. This represents a 10.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.70% of the company's stock.

Institutional Trading of Antero Resources

Hedge funds have recently added to or reduced their stakes in the company. KBC Group NV increased its position in Antero Resources by 12.4% during the 3rd quarter. KBC Group NV now owns 8,086 shares of the oil and natural gas company's stock worth $232,000 after buying an additional 889 shares during the period. Natixis Advisors LLC grew its stake in shares of Antero Resources by 6.2% in the third quarter. Natixis Advisors LLC now owns 1,516,963 shares of the oil and natural gas company's stock valued at $43,461,000 after acquiring an additional 88,099 shares in the last quarter. Swiss National Bank increased its position in Antero Resources by 1.6% during the third quarter. Swiss National Bank now owns 576,400 shares of the oil and natural gas company's stock worth $16,514,000 after acquiring an additional 9,300 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in Antero Resources by 85.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 167,882 shares of the oil and natural gas company's stock worth $4,810,000 after purchasing an additional 77,193 shares in the last quarter. Finally, Payden & Rygel grew its position in shares of Antero Resources by 1,172.6% during the 3rd quarter. Payden & Rygel now owns 49,760 shares of the oil and natural gas company's stock worth $1,426,000 after purchasing an additional 45,850 shares in the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Antero Resources Price Performance

Antero Resources stock traded down $0.27 on Tuesday, reaching $40.70. The company's stock had a trading volume of 1,672,952 shares, compared to its average volume of 3,916,057. Antero Resources has a twelve month low of $24.53 and a twelve month high of $41.53. The company has a market cap of $12.66 billion, a price-to-earnings ratio of 126.54 and a beta of 3.38. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. The business's fifty day moving average price is $38.33 and its 200 day moving average price is $32.89.

Antero Resources (NYSE:AR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.14. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. Equities analysts expect that Antero Resources will post 2.74 earnings per share for the current fiscal year.

Antero Resources Company Profile

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.