Antero Resources Co. (NYSE:AR) Receives $39.44 Consensus Target Price from Brokerages

Antero Resources Co. (NYSE:AR - Get Free Report) has received an average recommendation of "Moderate Buy" from the eighteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $39.44.

Several analysts have recently weighed in on the stock. StockNews.com upgraded shares of Antero Resources to a "sell" rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. upped their target price on Antero Resources from $36.00 to $38.00 and gave the company an "overweight" rating in a report on Tuesday, January 14th. Raymond James lifted their price target on Antero Resources from $44.00 to $60.00 and gave the stock a "strong-buy" rating in a report on Thursday, January 23rd. 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 report on Thursday, January 23rd. Finally, Wells Fargo & Company upgraded shares of Antero Resources from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $24.00 to $32.00 in a report on Tuesday, December 17th.

Antero Resources Trading Down 3.4 %

AR stock traded down $1.33 during midday trading on Friday, hitting $38.18. The stock had a trading volume of 5,943,913 shares, compared to its average volume of 4,890,697. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average price of $37.06 and a two-hundred day moving average price of $31.50. Antero Resources has a 1-year low of $24.43 and a 1-year high of $41.53. The firm has a market cap of $11.88 billion, a P/E ratio of 119.30 and a beta of 3.33.

Antero Resources (NYSE:AR - Get Free Report) last announced its earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. On average, sell-side analysts predict that Antero Resources will post 2.74 earnings per share for the current fiscal year.

Insider Transactions at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of Antero Resources stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the completion of the sale, the director now owns 1,800,000 shares of the company's stock, valued at approximately $71,568,000. This trade represents a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.70% of the company's stock.

Hedge Funds Weigh In On Antero Resources

Institutional investors have recently added to or reduced their stakes in the business. Pinnacle Bancorp Inc. bought a new position in shares of Antero Resources during the 4th quarter valued at about $28,000. True Wealth Design LLC bought a new position in Antero Resources during the 3rd quarter valued at approximately $30,000. Spire Wealth Management purchased a new stake in Antero Resources in the fourth quarter worth $31,000. Capital Performance Advisors LLP purchased a new position in shares of Antero Resources during the third quarter valued at about $45,000. Finally, Wilmington Savings Fund Society FSB raised its position in shares of Antero Resources by 205.2% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company's stock worth $48,000 after acquiring an additional 913 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors.

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.