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

Key Points

• Antero Resources has a “Moderate Buy” consensus among 22 analysts, with 12 buy ratings, four strong-buy ratings and six holds. The average 12-month price target is approximately $49.06, above the reported share price of $34.86.
• Institutional investors hold 83.04% of the company, with BlackRock initiating a stake valued at nearly $967 million and several other major firms increasing their positions.
• Antero Resources shares have traded between $29.10 and $45.75 over the past year. The company has a $10.72 billion market capitalization, a P/E ratio of 10.02 and a debt-to-equity ratio of 0.29.

Shares of Antero Resources Corporation (NYSE:AR - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twenty-two ratings firms that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and four have issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $49.0556.

A number of equities research analysts have weighed in on AR shares. Morgan Stanley restated an "overweight" rating and set a $49.00 price target on shares of Antero Resources in a research report on Wednesday, August 19th. Raymond James Financial upped their price objective on Antero Resources from $50.00 to $55.00 and gave the stock a "strong-buy" rating in a report on Tuesday, September 1st. UBS Group increased their price objective on Antero Resources from $52.00 to $58.00 and gave the company a "buy" rating in a research report on Monday. Stifel Nicolaus initiated coverage on Antero Resources in a report on Thursday, September 10th. They set a "hold" rating and a $42.00 price objective on the stock. Finally, Wells Fargo & Company boosted their target price on Antero Resources from $52.00 to $57.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of Antero Resources in the 2nd quarter valued at $966,982,000. Dimensional Fund Advisors LP raised its position in Antero Resources by 12.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,239,070 shares of the oil and natural gas company's stock worth $434,597,000 after purchasing an additional 1,153,422 shares during the period. Assenagon Asset Management S.A. raised its position in Antero Resources by 177.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,611,248 shares of the oil and natural gas company's stock worth $153,261,000 after purchasing an additional 2,309,388 shares during the period. Bank of New York Mellon Corp raised its position in Antero Resources by 12.2% in the 1st quarter. Bank of New York Mellon Corp now owns 3,478,218 shares of the oil and natural gas company's stock worth $147,616,000 after purchasing an additional 377,010 shares during the period. Finally, Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Antero Resources in the second quarter worth $100,212,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

Antero Resources Stock Performance

NYSE AR opened at $34.86 on Friday. Antero Resources has a 52-week low of $29.10 and a 52-week high of $45.75. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market capitalization of $10.72 billion, a P/E ratio of 10.02 and a beta of 0.35. The company has a fifty day moving average of $36.64 and a 200-day moving average of $37.27.

Antero Resources Company Profile

Antero Resources Corporation NYSE: AR is an independent oil and natural gas exploration and production company. Its operations are focused primarily on developing unconventional reserves in the Appalachian Basin, where it produces natural gas, natural gas liquids (NGLs) and oil.

The company's core properties are located in the Marcellus and Utica shale plays of West Virginia and Ohio. Its products include natural gas and NGLs such as ethane, propane, butane and natural gasoline, which are marketed to customers in domestic and international energy markets.

Founded in 2002 and headquartered in Denver, Colorado, Antero Resources became a publicly traded company in 2013.

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