Antero Resources - AR Stock Forecast, Price & News

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2021, it had approximately 502,000 net acres in the Appalachian Basin; and 174,000 net acres in the Upper Devonian Shale. The company also owned and operated 494 miles of gas gathering pipelines in the Appalachian Basin; and 21 compressor stations. It had estimated proved reserves of 17.7 trillion cubic feet of natural gas equivalent, including 10.2 trillion cubic feet of natural gas; 718 million barrels of assumed recovered ethane; 501 million barrels of primarily propane, isobutane, normal butane, and natural gasoline; and 36 million barrels of oil. The company was formerly known as Antero Resources Appalachian Corporation and changed its name to Antero Resources Corporation in June 2013. Antero Resources Corporation was founded in 2002 and is headquartered in Denver, Colorado.

Antero Resources Stock Performance

Shares of Antero Resources stock traded up $1.33 on Tuesday, hitting $37.35. The stock had a trading volume of 5,349,426 shares, compared to its average volume of 8,593,902. The company's 50 day moving average price is $36.69 and its 200 day moving average price is $31.73. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. The stock has a market cap of $11.43 billion, a price-to-earnings ratio of 13.88 and a beta of 3.68. Antero Resources has a 52-week low of $10.91 and a 52-week high of $48.80.

Antero Resources (NYSE:AR - Get Rating) last posted its quarterly earnings data on Wednesday, July 27th. The oil and natural gas company reported $1.68 earnings per share for the quarter, missing analysts' consensus estimates of $1.93 by ($0.25). Antero Resources had a return on equity of 19.52% and a net margin of 16.24%. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the business posted $0.12 earnings per share. The firm's revenue was up 352.0% compared to the same quarter last year. On average, research analysts anticipate that Antero Resources will post 6.78 EPS for the current year.

Wall Street Analyst Weigh In

AR has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their price target on Antero Resources from $38.00 to $48.00 and gave the stock an "overweight" rating in a report on Monday, July 11th. Mizuho decreased their price target on Antero Resources from $59.00 to $53.00 and set a "buy" rating for the company in a report on Tuesday, July 19th. Morgan Stanley lifted their price target on Antero Resources from $39.00 to $41.00 and gave the stock an "equal weight" rating in a report on Monday, June 6th. TheStreet raised Antero Resources from a "c" rating to a "b-" rating in a report on Wednesday, July 27th. Finally, The Goldman Sachs Group decreased their price target on Antero Resources from $48.00 to $43.00 and set a "buy" rating for the company in a report on Tuesday, July 5th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.00.

Insiders Place Their Bets

In other Antero Resources news, Director W Howard Keenan, Jr. sold 1,000,000 shares of the stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $34.80, for a total transaction of $34,800,000.00. Following the completion of the sale, the director now directly owns 5,747,952 shares of the company's stock, valued at approximately $200,028,729.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Sheri Pearce sold 7,352 shares of the stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $34.63, for a total transaction of $254,599.76. Following the completion of the transaction, the insider now directly owns 80,858 shares of the company's stock, valued at approximately $2,800,112.54. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director W Howard Keenan, Jr. sold 1,000,000 shares of the stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $34.80, for a total value of $34,800,000.00. Following the transaction, the director now directly owns 5,747,952 shares of the company's stock, valued at $200,028,729.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,049,053 shares of company stock valued at $36,682,752. 5.72% of the stock is owned by company insiders.