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

Antero Resources Co. (NYSE:AR - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eighteen brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, eight have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $32.76.

Several analysts have weighed in on the stock. Roth Capital raised shares of Antero Resources to a "strong-buy" rating in a research report on Tuesday, August 27th. Wolfe Research upgraded shares of Antero Resources from a "peer perform" rating to an "outperform" rating and set a $37.00 price target on the stock in a research report on Wednesday, September 11th. BMO Capital Markets boosted their price target on shares of Antero Resources from $33.00 to $34.00 and gave the stock a "market perform" rating in a report on Friday, October 4th. UBS Group started coverage on Antero Resources in a research report on Wednesday. They set a "neutral" rating and a $33.00 price target for the company. Finally, The Goldman Sachs Group lowered their target price on Antero Resources from $36.00 to $32.00 and set a "buy" rating on the stock in a report on Friday, September 6th.

Insider Activity

In other news, insider Yvette K. Schultz sold 50,000 shares of the company's stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the completion of the sale, the insider now owns 248,363 shares in the company, valued at $6,268,682.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 6.70% of the company's stock.

Institutional Trading of Antero Resources

A number of institutional investors have recently modified their holdings of AR. UMB Bank n.a. grew its position in shares of Antero Resources by 357.3% in the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company's stock valued at $25,000 after purchasing an additional 686 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Antero Resources by 1,311.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company's stock worth $28,000 after buying an additional 892 shares during the period. Mather Group LLC. acquired a new position in Antero Resources in the 1st quarter worth $37,000. Mattson Financial Services LLC purchased a new position in Antero Resources in the 2nd quarter valued at about $64,000. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of Antero Resources by 11.3% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,384 shares of the oil and natural gas company's stock worth $98,000 after acquiring an additional 343 shares during the last quarter. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Antero Resources Trading Down 1.7 %

AR stock traded down $0.46 during trading on Friday, hitting $26.84. The company had a trading volume of 3,022,994 shares, compared to its average volume of 4,109,758. The firm has a market capitalization of $8.34 billion, a P/E ratio of 134.20 and a beta of 3.33. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. Antero Resources has a 52-week low of $20.10 and a 52-week high of $36.28. The company has a 50 day simple moving average of $27.50 and a 200-day simple moving average of $30.37.

Antero Resources (NYSE:AR - Get Free Report) last posted its earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.24) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.04). The business had revenue of $978.65 million for the quarter, compared to analysts' expectations of $980.20 million. Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. As a group, research analysts forecast that Antero Resources will post -0.21 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.