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

Antero Resources Co. (NYSE:AR - Get Free Report) has received a consensus rating of "Moderate Buy" from the nineteen analysts that are covering the stock, Marketbeat reports. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $42.44.

Several equities research analysts have commented on the stock. Truist Financial boosted their target price 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. Williams Trading set a $48.00 price target on Antero Resources in a research note on Wednesday, March 5th. The Goldman Sachs Group lifted their price target on Antero Resources from $39.00 to $44.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Benchmark restated a "hold" rating on shares of Antero Resources in a report on Friday, January 17th. Finally, Raymond James lifted their target price on shares of Antero Resources from $44.00 to $60.00 and gave the stock a "strong-buy" rating in a research report on Thursday, January 23rd.

Antero Resources Stock Performance

Shares of AR opened at $35.62 on Wednesday. The stock has a market capitalization of $11.06 billion, a P/E ratio of 111.31 and a beta of 0.66. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. Antero Resources has a 1 year low of $24.53 and a 1 year high of $42.63. The company's fifty day moving average is $36.28 and its two-hundred day moving average is $34.94.

Antero Resources (NYSE:AR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The oil and natural gas company reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.10. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.28 billion. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. The firm's revenue was up 20.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.12 earnings per share. On average, sell-side analysts predict that Antero Resources will post 2.74 earnings per share for the current year.

Insider Buying and Selling

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm's stock in a transaction that occurred 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 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 SEC, which is accessible through the SEC website. Corporate insiders own 6.70% of the company's stock.

Institutional Investors Weigh In On Antero Resources

Several hedge funds have recently modified their holdings of AR. Pinnacle Bancorp Inc. acquired a new stake in Antero Resources during the 4th quarter valued at $28,000. Spire Wealth Management acquired a new position in shares of Antero Resources in the 4th quarter valued at approximately $31,000. Mascagni Wealth Management Inc. purchased a new position in shares of Antero Resources during the 4th quarter valued at approximately $31,000. Capital A Wealth Management LLC acquired a new stake in shares of Antero Resources during the fourth quarter worth approximately $35,000. Finally, Bessemer Group Inc. grew its position in shares of Antero Resources by 64.7% during the first quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company's stock worth $42,000 after buying an additional 411 shares in the last quarter. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

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.

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