Antero Resources Co. (NYSE:AR) Receives $42.44 Consensus Target Price from Analysts

Shares of Antero Resources Co. (NYSE:AR) have received an average rating of “Moderate Buy” from the nineteen research firms that are currently covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $42.44.

A number of research firms recently weighed in on AR. Raymond James boosted their target price on Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. The Goldman Sachs Group increased their price objective on shares of Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. TD Cowen raised shares of Antero Resources from a “hold” rating to a “buy” rating and lifted their target price for the stock from $40.00 to $46.00 in a report on Tuesday, April 8th. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a research note on Thursday, February 13th. Finally, Benchmark restated a “hold” rating on shares of Antero Resources in a research report on Friday, January 17th.

Insider Activity

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the sale, the director now directly owns 1,800,000 shares in the company, valued at approximately $71,568,000. The trade was a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 6.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Antero Resources

Institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC lifted its holdings in shares of Antero Resources by 83.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 26,467 shares of the oil and natural gas company’s stock worth $928,000 after purchasing an additional 12,062 shares during the period. Geode Capital Management LLC lifted its holdings in Antero Resources by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock worth $139,054,000 after buying an additional 61,490 shares during the period. Wealthfront Advisers LLC bought a new stake in shares of Antero Resources in the 4th quarter valued at about $556,000. Allspring Global Investments Holdings LLC increased its stake in shares of Antero Resources by 1,423.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,544 shares of the oil and natural gas company’s stock valued at $304,000 after buying an additional 7,983 shares during the period. Finally, Sei Investments Co. increased its stake in shares of Antero Resources by 7.3% in the fourth quarter. Sei Investments Co. now owns 178,183 shares of the oil and natural gas company’s stock valued at $6,246,000 after buying an additional 12,156 shares during the period. 83.04% of the stock is owned by institutional investors.

Antero Resources Stock Performance

Shares of AR stock opened at $34.35 on Friday. The company has a fifty day moving average price of $37.22 and a two-hundred day moving average price of $34.39. Antero Resources has a one year low of $24.53 and a one year high of $42.63. The stock has a market cap of $10.69 billion, a P/E ratio of 107.33 and a beta of 3.08. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.14. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. As a group, equities analysts predict that Antero Resources will post 2.74 EPS for the current year.

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.