Antero Resources Co. (NYSE:AR) Receives Average Rating of “Moderate Buy” from Analysts

Antero Resources Co. (NYSE:AR – Get Rating) has been given an average rating of “Moderate Buy” by the fourteen ratings firms that are currently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $42.67.

Several equities analysts have commented on the stock. The Goldman Sachs Group decreased their price target on shares of Antero Resources from $45.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday, January 25th. Wells Fargo & Company began coverage on shares of Antero Resources in a research note on Tuesday, January 24th. They set an “overweight” rating and a $34.00 price target on the stock. Raymond James lowered shares of Antero Resources from an “outperform” rating to a “market perform” rating in a research note on Monday, February 6th. Tudor Pickering lowered shares of Antero Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, November 30th. Finally, Truist Financial lowered their target price on shares of Antero Resources from $48.00 to $41.00 and set a “buy” rating on the stock in a report on Monday, February 13th.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 220,245 shares of the stock in a transaction on Tuesday, December 6th. The shares were sold at an average price of $31.16, for a total transaction of $6,862,834.20. Following the sale, the director now directly owns 4,779,755 shares of the company’s stock, valued at $148,937,165.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.72% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Antero Resources

Several large investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC lifted its position in shares of Antero Resources by 0.4% in the third quarter. Nisa Investment Advisors LLC now owns 104,998 shares of the oil and natural gas company’s stock worth $3,218,000 after purchasing an additional 370 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Antero Resources by 1.4% in the third quarter. Captrust Financial Advisors now owns 30,771 shares of the oil and natural gas company’s stock valued at $939,000 after purchasing an additional 414 shares during the period. Sanders Morris Harris LLC raised its position in shares of Antero Resources by 2.2% in the fourth quarter. Sanders Morris Harris LLC now owns 19,951 shares of the oil and natural gas company’s stock valued at $618,000 after purchasing an additional 424 shares during the period. Mariner LLC raised its position in shares of Antero Resources by 4.1% in the fourth quarter. Mariner LLC now owns 10,688 shares of the oil and natural gas company’s stock valued at $331,000 after purchasing an additional 425 shares during the period. Finally, Fifth Third Bancorp raised its position in shares of Antero Resources by 14.4% in the fourth quarter. Fifth Third Bancorp now owns 3,774 shares of the oil and natural gas company’s stock valued at $117,000 after purchasing an additional 474 shares during the period. Institutional investors own 77.78% of the company’s stock.

Antero Resources Stock Up 8.1 %

AR opened at $27.51 on Monday. The company has a market cap of $8.12 billion, a PE ratio of 4.73 and a beta of 3.46. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.17. Antero Resources has a twelve month low of $21.92 and a twelve month high of $48.80. The company has a 50-day moving average price of $29.11 and a 200 day moving average price of $33.75.

Antero Resources Company Profile

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Antero Resources Corp. is an independent oil and natural gas company, which engages in the development, production, exploration and acquisition of natural gas. It operates through the Exploration and Production, Marketing, and Equity Method Investment in Antero Midstream Corporation. The Exploration and Production segment develops natural gas, NGLs and oil.