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.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Mizuho dropped their price target on shares of Antero Resources from $59.00 to $53.00 and set a "buy" rating on the stock in a research note on Tuesday, July 19th. TheStreet raised Antero Resources from a "c" rating to a "b-" rating in a research report on Wednesday, July 27th. Raymond James boosted their target price on Antero Resources from $52.00 to $60.00 in a research report on Thursday, June 16th. Scotiabank assumed coverage on Antero Resources in a research report on Wednesday, August 3rd. They issued a "sector perform" rating and a $47.00 target price for the company. Finally, Truist Financial boosted their target price on Antero Resources from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Tuesday, July 19th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $46.00.

Antero Resources Stock Performance

Antero Resources stock traded down $0.05 during midday trading on Friday, hitting $40.26. The stock had a trading volume of 3,018,265 shares, compared to its average volume of 6,309,525. The firm's fifty day moving average is $36.37 and its two-hundred day moving average is $32.09. The company has a market capitalization of $12.32 billion, a PE ratio of 14.97 and a beta of 3.68. Antero Resources has a 52-week low of $10.91 and a 52-week high of $48.80. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25.

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

Insider Activity at Antero Resources

In related news, Director Robert J. Clark sold 5,000 shares of the firm's stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $40.17, for a total transaction of $200,850.00. Following the completion of the transaction, the director now directly owns 71,227 shares of the company's stock, valued at $2,861,188.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Antero Resources news, Director Robert J. Clark sold 5,000 shares of Antero Resources stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $40.17, for a total value of $200,850.00. Following the completion of the transaction, the director now directly owns 71,227 shares of the company's stock, valued at approximately $2,861,188.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director W Howard Keenan, Jr. sold 1,000,000 shares of Antero Resources stock in a transaction 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 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. Over the last ninety days, insiders sold 1,041,701 shares of company stock valued at $36,428,152. Corporate insiders own 5.72% of the company's stock.