Antero Resources Corporation (NYSE:AR) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Antero Resources Corporation has received a consensus rating of "Moderate Buy" from analysts, with ten out of seventeen brokers assigning a buy rating.
• The average twelve-month price target for Antero Resources is $44.3750, with significant variances from different analysts such as UBS's reduction to $42.00 and Raymond James's increase to $58.00.
• Antero Resources reported earnings of $0.35 per share for the last quarter, missing estimates by ($0.33), despite achieving 32.6% year-over-year revenue growth.

Antero Resources Corporation (NYSE:AR - Get Free Report) has received a consensus rating of "Moderate Buy" from the seventeen brokerages that are currently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $44.3750.

Several research analysts have recently weighed in on AR shares. UBS Group reduced their target price on Antero Resources from $43.00 to $42.00 and set a "buy" rating for the company in a research note on Monday, September 15th. Raymond James Financial boosted their price target on shares of Antero Resources from $57.00 to $58.00 and gave the stock a "strong-buy" rating in a report on Tuesday, July 22nd. Weiss Ratings restated a "hold (c-)" rating on shares of Antero Resources in a research report on Saturday, September 27th. Jefferies Financial Group dropped their target price on shares of Antero Resources from $50.00 to $47.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Roth Capital cut shares of Antero Resources from a "buy" rating to a "neutral" rating and cut their target price for the stock from $44.00 to $32.00 in a research note on Monday, August 18th.

Antero Resources Trading Down 0.6%

AR stock opened at $33.28 on Friday. Antero Resources has a 52-week low of $25.36 and a 52-week high of $44.01. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.15. The firm has a market cap of $10.28 billion, a P/E ratio of 21.19 and a beta of 0.56. The company's 50-day simple moving average is $32.54 and its 200-day simple moving average is $35.87.

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 for the quarter, missing the consensus estimate of $0.68 by ($0.33). The business 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%. Antero Resources's revenue for the quarter was up 32.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.21) EPS. As a group, equities analysts forecast that Antero Resources will post 2.74 EPS for the current fiscal year.

Hedge Funds Weigh In On Antero Resources

Several hedge funds and other institutional investors have recently made changes to their positions in AR. GAMMA Investing LLC increased its position in shares of Antero Resources by 7,097.1% during the first quarter. GAMMA Investing LLC now owns 220,519 shares of the oil and natural gas company's stock worth $8,918,000 after purchasing an additional 217,455 shares in the last quarter. Merit Financial Group LLC acquired a new stake in Antero Resources during the 1st quarter worth $462,000. UMB Bank n.a. grew its holdings in shares of Antero Resources by 123.4% during the first quarter. UMB Bank n.a. now owns 3,130 shares of the oil and natural gas company's stock worth $127,000 after buying an additional 1,729 shares in the last quarter. Pallas Capital Advisors LLC acquired a new stake in shares of Antero Resources in the first quarter valued at about $355,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Antero Resources in the first quarter valued at about $1,018,000. Hedge funds and other institutional investors own 83.04% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.