Antero Resources Co. (NYSE:AR) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Antero Resources Co. (NYSE:AR - Get Free Report) have been given an average rating of "Moderate Buy" by the nineteen ratings firms that are presently covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $42.44.

A number of research firms have weighed in on AR. UBS Group boosted their target price on shares of Antero Resources from $39.00 to $44.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Benchmark reaffirmed a "hold" rating on shares of Antero Resources in a research report on Friday, January 17th. Raymond James raised their price objective on shares of Antero Resources from $44.00 to $60.00 and gave the stock a "strong-buy" rating in a research note on Thursday, January 23rd. Truist Financial raised their price target on shares of Antero Resources from $28.00 to $38.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Finally, Morgan Stanley reissued an "overweight" rating and set a $58.00 target price on shares of Antero Resources in a research report on Wednesday, March 26th.

Antero Resources Stock Up 3.9 %

NYSE:AR traded up $1.28 during mid-day trading on Friday, reaching $34.38. The stock had a trading volume of 1,982,278 shares, compared to its average volume of 4,138,587. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market cap of $10.70 billion, a P/E ratio of 107.44 and a beta of 3.08. The business's 50 day moving average is $37.52 and its 200 day moving average is $34.31. Antero Resources has a fifty-two week low of $24.53 and a fifty-two week high of $42.63.

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Antero Resources (NYSE:AR - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts predict that Antero Resources will post 2.74 earnings per share for the current year.

Insider Activity at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the transaction, the director now directly owns 1,800,000 shares in the company, valued at approximately $71,568,000. This represents a 10.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Antero Resources

Several large investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC boosted its position in shares of Antero Resources by 83.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 26,467 shares of the oil and natural gas company's stock worth $928,000 after purchasing an additional 12,062 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Antero Resources by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company's stock valued at $139,054,000 after acquiring an additional 61,490 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of Antero Resources in the 4th quarter valued at approximately $556,000. Allspring Global Investments Holdings LLC grew its holdings in Antero Resources by 1,423.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,544 shares of the oil and natural gas company's stock valued at $304,000 after purchasing an additional 7,983 shares during the period. Finally, Sei Investments Co. raised its holdings in Antero Resources by 7.3% in the fourth quarter. Sei Investments Co. now owns 178,183 shares of the oil and natural gas company's stock worth $6,246,000 after purchasing an additional 12,156 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

About Antero Resources

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.