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

Antero Resources Corporation (NYSE:AR - Get Free Report) has received an average rating of "Moderate Buy" from the sixteen analysts that are presently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $44.0625.

AR has been the topic of a number of recent analyst reports. Wells Fargo & Company set a $39.00 target price on shares of Antero Resources and gave the company an "equal weight" rating in a research note on Tuesday, July 15th. UBS Group raised shares of Antero Resources from a "neutral" rating to a "buy" rating and set a $43.00 target price on the stock in a research note on Wednesday, August 20th. Scotiabank reaffirmed an "outperform" rating on shares of Antero Resources in a research note on Wednesday, August 13th. Roth Capital downgraded shares of Antero Resources from a "buy" rating to a "neutral" rating and lowered their target price for the company from $44.00 to $32.00 in a research note on Monday, August 18th. Finally, Bank of America raised their target price on shares of Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a research note on Friday, May 23rd.

Antero Resources Stock Performance

Shares of AR stock remained flat at $32.85 during trading hours on Tuesday. 2,848,739 shares of the stock were exchanged, compared to its average volume of 5,043,313. The stock has a 50 day simple moving average of $33.30 and a two-hundred day simple moving average of $36.26. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.15. Antero Resources has a one year low of $25.36 and a one year high of $44.01. The firm has a market capitalization of $10.15 billion, a price-to-earnings ratio of 20.92 and a beta of 0.63.

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

Institutional Investors Weigh In On Antero Resources

Hedge funds have recently made changes to their positions in the business. SVB Wealth LLC bought a new stake in shares of Antero Resources in the 1st quarter worth approximately $26,000. Huntington National Bank lifted its holdings in shares of Antero Resources by 91.3% in the 2nd quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company's stock worth $26,000 after acquiring an additional 313 shares during the last quarter. Mascagni Wealth Management Inc. bought a new stake in shares of Antero Resources in the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC bought a new stake in shares of Antero Resources in the 4th quarter worth approximately $35,000. Finally, Newbridge Financial Services Group Inc. lifted its holdings in shares of Antero Resources by 114.2% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 938 shares of the oil and natural gas company's stock worth $38,000 after acquiring an additional 500 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors.

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.