Antero Resources (NYSE:AR) Coverage Initiated by Analysts at Barclays

Barclays started coverage on shares of Antero Resources (NYSE:AR) in a report issued on Wednesday morning, Marketbeat reports. The firm issued an equal weight rating and a $32.00 price objective on the oil and natural gas company’s stock.

AR has been the topic of a number of other research reports. Truist Financial cut their price target on shares of Antero Resources from $28.00 to $27.00 and set a hold rating on the stock in a report on Friday, April 5th. JPMorgan Chase & Co. boosted their price target on Antero Resources from $30.00 to $32.00 and gave the company an overweight rating in a report on Wednesday, March 27th. Benchmark cut Antero Resources from a buy rating to a hold rating in a research note on Thursday, February 22nd. Raymond James increased their price objective on Antero Resources from $28.00 to $32.00 and gave the stock a strong-buy rating in a research note on Wednesday, January 24th. Finally, Tudor, Pickering, Holt & Co. raised Antero Resources from a hold rating to a buy rating and set a $32.00 price objective on the stock in a research note on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Antero Resources has a consensus rating of Hold and an average price target of $29.42.

Antero Resources Stock Performance

Antero Resources stock opened at $30.49 on Wednesday. The company’s 50-day moving average price is $25.78 and its 200-day moving average price is $25.02. Antero Resources has a twelve month low of $19.91 and a twelve month high of $30.90. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.21. The company has a market cap of $9.25 billion, a PE ratio of 39.59 and a beta of 3.30.

Antero Resources (NYSE:AR) last posted its earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. Antero Resources had a net margin of 5.19% and a return on equity of 2.10%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. On average, equities research analysts forecast that Antero Resources will post 0.29 EPS for the current fiscal year.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 206,978 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total value of $5,412,474.70. Following the completion of the sale, the director now directly owns 3,793,022 shares in the company, valued at $99,187,525.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Antero Resources news, Director W Howard Keenan, Jr. sold 206,978 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total value of $5,412,474.70. Following the completion of the sale, the director now directly owns 3,793,022 shares in the company, valued at $99,187,525.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Sheri Pearce sold 28,009 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $26.29, for a total value of $736,356.61. Following the completion of the sale, the insider now owns 106,698 shares of the company’s stock, valued at $2,805,090.42. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 467,280 shares of company stock worth $12,153,605. 5.95% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Captrust Financial Advisors increased its holdings 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. Mariner LLC grew its holdings in Antero Resources by 4.1% during the fourth quarter. Mariner LLC now owns 10,688 shares of the oil and natural gas company’s stock worth $331,000 after acquiring an additional 425 shares during the period. Comerica Bank grew its holdings in Antero Resources by 0.4% during the fourth quarter. Comerica Bank now owns 114,910 shares of the oil and natural gas company’s stock worth $2,606,000 after acquiring an additional 505 shares during the period. AQR Capital Management LLC grew its holdings in Antero Resources by 0.8% during the third quarter. AQR Capital Management LLC now owns 77,589 shares of the oil and natural gas company’s stock worth $1,969,000 after acquiring an additional 578 shares during the period. Finally, Mercer Global Advisors Inc. ADV grew its holdings in Antero Resources by 4.5% during the first quarter. Mercer Global Advisors Inc. ADV now owns 13,676 shares of the oil and natural gas company’s stock worth $316,000 after acquiring an additional 595 shares during the period. 83.04% of the stock is owned by institutional investors and hedge funds.

Antero Resources Company Profile

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.