Antero Resources (NYSE:AR) Upgraded at TD Cowen

TD Cowen upgraded shares of Antero Resources (NYSE:AR - Free Report) from a hold rating to a buy rating in a report released on Tuesday morning, MarketBeat.com reports. The brokerage currently has $46.00 price objective on the oil and natural gas company's stock, up from their previous price objective of $40.00.

A number of other research analysts have also commented on the stock. Truist Financial lifted their price objective on shares of Antero Resources from $28.00 to $38.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Barclays upped their price objective on Antero Resources from $36.00 to $38.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. Benchmark reiterated a "hold" rating on shares of Antero Resources in a research note on Friday, January 17th. Morgan Stanley reissued an "overweight" rating and set a $58.00 target price on shares of Antero Resources in a research note on Wednesday, March 26th. Finally, The Goldman Sachs Group lifted their price target on Antero Resources from $39.00 to $44.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.44.

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Antero Resources Stock Up 3.6 %

NYSE:AR traded up $1.13 during mid-day trading on Tuesday, hitting $33.05. The stock had a trading volume of 7,274,776 shares, compared to its average volume of 4,142,497. The company has a market capitalization of $10.29 billion, a PE ratio of 103.30 and a beta of 3.08. The stock has a 50-day simple moving average of $37.75 and a two-hundred day simple moving average of $34.24. Antero Resources has a twelve month low of $24.53 and a twelve month high of $42.63. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21.

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 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.14. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. On average, equities research analysts anticipate that Antero Resources will post 2.74 EPS for the current year.

Insider Buying and Selling

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of Antero Resources stock in a transaction on 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 owns 1,800,000 shares in the company, valued at $71,568,000. This trade represents a 10.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Antero Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. acquired a new stake in Antero Resources during the 4th quarter worth approximately $28,000. Spire Wealth Management acquired a new stake in shares of Antero Resources in the fourth quarter worth $31,000. Mascagni Wealth Management Inc. acquired a new stake in shares of Antero Resources in the fourth quarter worth $31,000. Capital A Wealth Management LLC purchased a new position in shares of Antero Resources in the 4th quarter valued at $35,000. Finally, Wilmington Savings Fund Society FSB lifted its holdings in shares of Antero Resources by 205.2% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company's stock valued at $48,000 after acquiring an additional 913 shares in the last quarter. 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.