Antero Resources (NYSE:AR) Rating Increased to Sell at StockNews.com

Antero Resources (NYSE:AR - Get Free Report) was upgraded by StockNews.com to a "sell" rating in a research report issued on Friday.

A number of other research analysts also recently weighed in on the company. Tudor, Pickering, Holt & Co. raised Antero Resources from a "hold" rating to a "buy" rating and set a $32.00 price target on the stock in a research note on Wednesday, January 17th. Barclays started coverage on Antero Resources in a research note on Wednesday, April 10th. They set an "equal weight" rating and a $32.00 price target on the stock. Raymond James upped their price target on Antero Resources from $28.00 to $32.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, January 24th. Mizuho increased their price objective on Antero Resources from $28.00 to $29.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 3rd. Finally, Truist Financial lowered their price objective on Antero Resources from $28.00 to $27.00 and set a "hold" rating for the company in a research note on Friday, April 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Antero Resources presently has a consensus rating of "Hold" and an average price target of $30.69.

Antero Resources Price Performance

AR traded up $0.41 on Friday, reaching $33.80. The stock had a trading volume of 7,789,999 shares, compared to its average volume of 4,921,097. Antero Resources has a fifty-two week low of $19.91 and a fifty-two week high of $34.24. The firm has a 50-day moving average of $27.65 and a 200-day moving average of $25.44. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $10.26 billion, a price-to-earnings ratio of 169.00 and a beta of 3.30.

Antero Resources (NYSE:AR - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The oil and natural gas company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the firm posted $0.48 EPS. The company's quarterly revenue was down 20.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Antero Resources will post 0.33 EPS for the current year.

Insider Activity

In other news, Director W Howard Keenan, Jr. sold 206,978 shares of Antero Resources stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total value of $5,412,474.70. Following the completion of the transaction, the director now directly owns 3,793,022 shares in the company, valued at $99,187,525.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Sheri Pearce sold 28,009 shares of the business's stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total transaction of $736,356.61. Following the completion of the transaction, the insider now directly owns 106,698 shares in the company, valued at $2,805,090.42. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director W Howard Keenan, Jr. sold 206,978 shares of the business's stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total value of $5,412,474.70. Following the transaction, the director now owns 3,793,022 shares of the company's stock, valued at $99,187,525.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 467,280 shares of company stock worth $12,153,605. 5.95% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Antero Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC lifted its stake in Antero Resources by 1,311.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company's stock worth $28,000 after purchasing an additional 892 shares during the last quarter. Mather Group LLC. bought a new stake in Antero Resources during the first quarter worth about $37,000. Lindbrook Capital LLC lifted its stake in Antero Resources by 81.5% during the fourth quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company's stock worth $34,000 after purchasing an additional 664 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in Antero Resources during the third quarter worth about $47,000. Finally, Planned Solutions Inc. bought a new stake in Antero Resources during the fourth quarter worth about $45,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

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.

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