Antero Resources Corporation (NYSE:AR) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Antero Resources has a “Moderate Buy” consensus rating from 20 analysts: 11 rate it a buy, three a strong buy and six a hold. The average 12-month price target is $48.31, above the stock’s $37.89 opening price.
• Analyst sentiment was mixed but generally positive, with UBS and Mizuho raising their targets while Goldman Sachs and Truist Financial lowered theirs; Zacks Research downgraded the stock to hold.
• Institutional ownership stands at 83.04%, with major investors including BlackRock and the California State Teachers’ Retirement System increasing or initiating positions during the second quarter.

Shares of Antero Resources Corporation (NYSE:AR - Get Free Report) have earned an average rating of "Moderate Buy" from the twenty ratings firms that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $48.3125.

A number of equities research analysts have issued reports on the stock. UBS Group increased their target price on shares of Antero Resources from $50.00 to $52.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Mizuho increased their price objective on Antero Resources from $54.00 to $57.00 and gave the stock an "outperform" rating in a report on Thursday, June 25th. The Goldman Sachs Group reduced their price objective on Antero Resources from $46.00 to $41.00 and set a "buy" rating for the company in a research report on Tuesday, June 30th. Truist Financial lowered their target price on Antero Resources from $56.00 to $52.00 and set a "buy" rating on the stock in a research note on Thursday, July 9th. Finally, Zacks Research lowered Antero Resources from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 26th.

Hedge Funds Weigh In On Antero Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of Antero Resources during the 2nd quarter valued at $966,982,000. California State Teachers Retirement System boosted its holdings in Antero Resources by 3,427.9% in the second quarter. California State Teachers Retirement System now owns 11,957,720 shares of the oil and natural gas company's stock worth $420,194,000 after purchasing an additional 11,618,775 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Antero Resources during the second quarter worth $106,063,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Antero Resources during the second quarter worth $100,212,000. Finally, Palo Duro Investment Partners LP acquired a new position in Antero Resources during the second quarter worth $95,985,000. Institutional investors own 83.04% of the company's stock.

Antero Resources Trading Down 0.1%

NYSE:AR opened at $37.89 on Tuesday. The stock has a market cap of $11.65 billion, a PE ratio of 10.89 and a beta of 0.34. Antero Resources has a fifty-two week low of $29.10 and a fifty-two week high of $45.75. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.40 and a quick ratio of 0.40. The stock's 50-day moving average is $35.15 and its two-hundred day moving average is $36.76.

About Antero Resources

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company's operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero's portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.

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