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

NYSE:AR traded up $2.51 during trading on Thursday, reaching $40.31. The company's stock had a trading volume of 6,799,067 shares, compared to its average volume of 8,563,475. Antero Resources has a twelve month low of $10.91 and a twelve month high of $48.80. The firm has a market cap of $12.34 billion, a price-to-earnings ratio of 14.05 and a beta of 3.68. The business's fifty day moving average price is $36.56 and its 200-day moving average price is $31.78. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 0.41.

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). 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 firm's revenue was up 352.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.12 earnings per share. As a group, analysts anticipate that Antero Resources will post 6.78 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on AR. Truist Financial lifted their target price on Antero Resources from $50.00 to $58.00 and gave the company a "buy" rating in a report on Tuesday, July 19th. Scotiabank started coverage on shares of Antero Resources in a research note on Wednesday, August 3rd. They issued a "sector perform" rating and a $47.00 price target for the company. StockNews.com raised shares of Antero Resources from a "sell" rating to a "hold" rating in a research report on Friday, August 5th. Morgan Stanley lifted their price objective on shares of Antero Resources from $39.00 to $41.00 and gave the stock an "equal weight" rating in a research report on Monday, June 6th. Finally, Mizuho dropped their target price on Antero Resources from $59.00 to $53.00 and set a "buy" rating on the stock in a report on Tuesday, July 19th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Antero Resources currently has an average rating of "Moderate Buy" and a consensus price target of $46.00.

Insider Buying and Selling

In related news, Director Robert J. Clark sold 5,000 shares of the company's stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $40.17, for a total transaction of $200,850.00. Following the transaction, the director now owns 71,227 shares of the company's stock, valued at $2,861,188.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Antero Resources news, insider W Patrick Ash sold 36,701 shares of the company's stock in a transaction dated 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 sale, the insider now owns 870,270 shares of the company's stock, valued at $33,844,800.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert J. Clark sold 5,000 shares of the 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 sale, the director now owns 71,227 shares in the company, valued at $2,861,188.59. The disclosure for this sale can be found here. Insiders sold a total of 1,041,701 shares of company stock valued at $36,428,152 over the last three months. 5.72% of the stock is currently owned by company insiders.