Antero Resources Corporation (NYSE:AR) Receives $43.65 Average PT from Brokerages

Antero Resources Corporation (NYSE:AR - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the sixteen research firms that are presently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $44.0625.

A number of equities analysts recently commented on AR shares. Morgan Stanley lifted their price objective on Antero Resources from $46.00 to $47.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Barclays raised their price objective on shares of Antero Resources from $38.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Monday, July 7th. Roth Capital downgraded shares of Antero Resources from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $44.00 to $32.00 in a research report on Monday, August 18th. UBS Group raised shares of Antero Resources from a "neutral" rating to a "buy" rating and set a $43.00 price objective for the company in a research report on Wednesday, August 20th. Finally, Scotiabank restated an "outperform" rating on shares of Antero Resources in a report on Wednesday, August 13th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Antero Resources by 1.2% during the 2nd 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 buying an additional 350,018 shares during the last quarter. Sourcerock Group LLC increased its stake in Antero Resources by 10.6% in the 2nd quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company's stock worth $328,529,000 after acquiring an additional 783,117 shares during the last quarter. Invesco Ltd. increased its position in shares of Antero Resources by 18.4% during the 2nd quarter. Invesco Ltd. now owns 5,258,305 shares of the oil and natural gas company's stock valued at $211,805,000 after purchasing an additional 817,977 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of Antero Resources by 10.7% during the 1st quarter. Raymond James Financial Inc. now owns 4,423,044 shares of the oil and natural gas company's stock valued at $178,868,000 after purchasing an additional 428,167 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Antero Resources by 2.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,843,592 shares of the oil and natural gas company's stock valued at $154,820,000 after purchasing an additional 99,635 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company's stock.

Antero Resources Stock Performance

Antero Resources stock traded up $0.27 during mid-day trading on Tuesday, hitting $33.11. 2,788,347 shares of the company's stock traded hands, compared to its average volume of 4,625,165. The firm has a 50 day simple moving average of $33.13 and a two-hundred day simple moving average of $36.19. Antero Resources has a fifty-two week low of $25.36 and a fifty-two week high of $44.01. The stock has a market cap of $10.23 billion, a price-to-earnings ratio of 21.09 and a beta of 0.63. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.30 and a quick ratio of 0.30.

Antero Resources (NYSE:AR - Get Free Report) last announced its quarterly earnings results 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). Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the business earned ($0.21) EPS. The company's revenue for the quarter was up 32.6% compared to the same quarter last year. On average, research analysts expect that Antero Resources will post 2.74 EPS 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.