Antero Resources Corporation (NYSE:AR) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Analysts have set an average price target of $43.65 for Antero Resources Corporation, with a consensus rating of "Moderate Buy" from 18 brokerages.
• Shares of Antero Resources recently traded at $32.06, with a market cap of approximately $9.90 billion and a one-year price range between $24.53 and $44.01.
• The company reported quarterly earnings of $0.35 per share, missing expectations, but showed a 32.6% year-over-year revenue increase.

Shares of Antero Resources Corporation (NYSE:AR - Get Free Report) have been given an average rating of "Moderate Buy" by the eighteen ratings firms that are covering the company, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $43.00.

A number of equities analysts have recently commented on the stock. Barclays raised their target price on shares of Antero Resources from $38.00 to $43.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. Scotiabank reiterated an "outperform" rating on shares of Antero Resources in a research report on Wednesday, August 13th. Mizuho upgraded shares of Antero Resources from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $47.00 to $49.00 in a report on Tuesday, May 13th. Wells Fargo & Company set a $39.00 target price on Antero Resources and gave the company an "equal weight" rating in a research note on Tuesday, July 15th. Finally, UBS Group raised their price objective on shares of Antero Resources from $41.00 to $43.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th.

Institutional Investors Weigh In On Antero Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Antero Resources by 1.2% during the second quarter. Vanguard Group Inc. now owns 29,797,653 shares of the oil and natural gas company's stock valued at $1,200,249,000 after purchasing an additional 350,018 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Antero Resources by 12.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,829,263 shares of the oil and natural gas company's stock valued at $414,628,000 after purchasing an additional 1,274,760 shares during the last quarter. Sourcerock Group LLC boosted its stake in Antero Resources by 10.6% during the second quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company's stock worth $328,529,000 after buying an additional 783,117 shares during the period. Invesco Ltd. increased its position in Antero Resources by 18.4% during the second quarter. Invesco Ltd. now owns 5,258,305 shares of the oil and natural gas company's stock valued at $211,805,000 after acquiring an additional 817,977 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in Antero Resources by 10.7% in the 1st quarter. Raymond James Financial Inc. now owns 4,423,044 shares of the oil and natural gas company's stock worth $178,868,000 after purchasing an additional 428,167 shares during the period. 83.04% of the stock is owned by hedge funds and other institutional investors.

Antero Resources Price Performance

NYSE:AR traded down $0.24 during trading hours on Friday, hitting $29.94. 1,041,402 shares of the stock were exchanged, compared to its average volume of 5,076,702. Antero Resources has a 52-week low of $24.53 and a 52-week high of $44.01. The company has a market cap of $9.25 billion, a P/E ratio of 19.11 and a beta of 0.64. The firm's fifty day moving average price is $36.49 and its 200 day moving average price is $37.13. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.15.

Antero Resources (NYSE:AR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.33). The firm had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.30 billion. Antero Resources had a return on equity of 6.48% and a net margin of 10.13%. The business's revenue for the quarter was up 32.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.21) EPS. As a group, equities research analysts anticipate that Antero Resources will post 2.74 EPS 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.