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.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on AR shares. StockNews.com upgraded Antero Resources from a "sell" rating to a "hold" rating in a report on Friday, August 5th. Scotiabank started coverage on Antero Resources in a report on Wednesday, August 3rd. They issued a "sector perform" rating and a $47.00 price objective for the company. Truist Financial raised their price objective on Antero Resources from $50.00 to $58.00 and gave the company a "buy" rating in a report on Tuesday, July 19th. Morgan Stanley raised their price objective on Antero Resources from $39.00 to $41.00 and gave the company an "equal weight" rating in a report on Monday, June 6th. Finally, Raymond James lifted their price target on Antero Resources from $52.00 to $60.00 in a report on Thursday, June 16th. Three research 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $45.60.
Antero Resources Stock Performance
AR Stock traded up $2.19 during mid-day trading on Thursday, hitting $42.43. 7,844,189 shares of the company were exchanged, compared to its average volume of 8,500,497. The business has a 50 day simple moving average of $35.93 and a 200-day simple moving average of $32.53. 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 capitalization of $12.99 billion, a PE ratio of 14.96 and a beta of 3.68. Antero Resources has a 1-year low of $10.91 and a 1-year high of $48.80.
Antero Resources (NYSE:AR - Get Rating) last issued its quarterly earnings data on Wednesday, July 27th. The oil and natural gas company reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.21). The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $1.82 billion. Antero Resources had a return on equity of 19.52% and a net margin of 16.24%. The company's revenue was up 352.0% on a year-over-year basis. During the same quarter last year, the business earned $0.12 earnings per share. On average, equities analysts forecast that Antero Resources will post 6.8 earnings per share for the current year.
Insider Activity
In other news, insider W Patrick Ash sold 36,701 shares of Antero Resources stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $38.89, for a total value of $1,427,301.89. Following the completion of the sale, the insider now directly owns 870,270 shares in the company, valued at $33,844,800.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Antero Resources news, Director Robert J. Clark sold 5,000 shares of the business's stock in a transaction that occurred 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 in the company, valued at $2,861,188.59. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider W Patrick Ash sold 36,701 shares of the business's stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $38.89, for a total transaction of $1,427,301.89. Following the transaction, the insider now owns 870,270 shares of the company's stock, valued at $33,844,800.30. The disclosure for this sale can be found here. 5.72% of the stock is owned by company insiders.
