Antero Resources Co. (NYSE:AR) Receives $43.33 Average PT from Brokerages

Antero Resources Co. (NYSE:AR - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the nineteen analysts that are currently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $43.33.

A number of research analysts have recently commented on AR shares. Bank of America upped their price target on Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Morgan Stanley restated an "overweight" rating and issued a $58.00 price objective on shares of Antero Resources in a research note on Wednesday, March 26th. Raymond James reaffirmed a "strong-buy" rating on shares of Antero Resources in a report on Tuesday, May 13th. Mizuho upgraded shares of Antero Resources from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $47.00 to $49.00 in a research note on Tuesday, May 13th. Finally, Wall Street Zen raised shares of Antero Resources to a "sell" rating in a research report on Thursday, February 13th.

Insider Buying and Selling

In other news, insider Yvette K. Schultz sold 25,200 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $39.86, for a total value of $1,004,472.00. Following the transaction, the insider now owns 306,819 shares of the company's stock, valued at $12,229,805.34. This represents a 7.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director W Howard Keenan, Jr. sold 1,061,987 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $40.82, for a total transaction of $43,350,309.34. Following the sale, the director now owns 38,013 shares in the company, valued at approximately $1,551,690.66. This trade represents a 96.54% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,125,200 shares of company stock worth $45,887,466 over the last ninety days. 6.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. SVB Wealth LLC purchased a new position in shares of Antero Resources in the 1st quarter worth about $26,000. Spire Wealth Management bought a new stake in Antero Resources in the 4th quarter worth approximately $31,000. Mascagni Wealth Management Inc. bought a new stake in Antero Resources in the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC purchased a new stake in Antero Resources in the fourth quarter worth approximately $35,000. Finally, Bessemer Group Inc. grew its position in 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 valued at $42,000 after acquiring an additional 411 shares during the last quarter. Institutional investors own 83.04% of the company's stock.

Antero Resources Stock Performance

AR stock traded down $1.40 during mid-day trading on Friday, hitting $37.44. The company had a trading volume of 6,576,863 shares, compared to its average volume of 4,201,523. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a market cap of $11.63 billion, a PE ratio of 117.00 and a beta of 0.66. Antero Resources has a 12 month low of $24.53 and a 12 month high of $42.63. The stock's fifty day moving average price is $36.82 and its two-hundred day moving average price is $36.34.

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

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.