Antero Resources (NYSE:AR) Stock Rating Upgraded by StockNews.com

Antero Resources (NYSE:AR) was upgraded by research analysts at StockNews.com to a “sell” rating in a report issued on Friday.

Other equities analysts have also issued research reports about the stock. Tudor, Pickering, Holt & Co. raised shares of Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Wednesday, January 17th. JPMorgan Chase & Co. upped their price target on shares of Antero Resources from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 27th. Morgan Stanley raised shares of Antero Resources from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $26.00 to $36.00 in a research report on Wednesday, April 17th. Mizuho upped their price target on shares of Antero Resources from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Finally, Scotiabank upped their price target on shares of Antero Resources from $26.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $30.69.

Antero Resources Stock Performance

Shares of AR opened at $33.80 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.33 and a current ratio of 0.29. The company has a market capitalization of $10.51 billion, a price-to-earnings ratio of 169.00 and a beta of 3.30. The company’s 50 day simple moving average is $27.85 and its 200 day simple moving average is $25.48. Antero Resources has a 1 year low of $19.91 and a 1 year high of $34.24.

Antero Resources (NYSE:AR) last announced its quarterly earnings data on Thursday, April 25th. The oil and natural gas company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the company posted $0.48 EPS. The business’s quarterly revenue was down 20.3% on a year-over-year basis. On average, sell-side analysts predict that Antero Resources will post 0.33 EPS for the current year.

Insider Activity at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 206,978 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $26.15, for a total transaction of $5,412,474.70. Following the completion of the sale, the director now directly owns 3,793,022 shares of the company’s stock, valued at approximately $99,187,525.30. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Antero Resources news, Director W Howard Keenan, Jr. sold 206,978 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $26.15, for a total transaction of $5,412,474.70. Following the transaction, the director now directly owns 3,793,022 shares in the company, valued at approximately $99,187,525.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sheri Pearce sold 28,009 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $26.29, for a total transaction of $736,356.61. Following the transaction, the insider now owns 106,698 shares in the company, valued at $2,805,090.42. The disclosure for this sale can be found here. In the last three months, insiders sold 467,280 shares of company stock valued at $12,153,605. Corporate insiders own 5.95% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AR. Allspring Global Investments Holdings LLC boosted its stake in Antero Resources by 1,311.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock valued at $28,000 after acquiring an additional 892 shares during the last quarter. Lindbrook Capital LLC boosted its stake in Antero Resources by 81.5% during the 4th quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company’s stock valued at $34,000 after acquiring an additional 664 shares during the last quarter. Mather Group LLC. bought a new position in Antero Resources during the 1st quarter valued at $37,000. Planned Solutions Inc. bought a new position in shares of Antero Resources in the 4th quarter worth about $45,000. Finally, Itau Unibanco Holding S.A. bought a new position in shares of Antero Resources in the 3rd quarter worth about $47,000. 83.04% of the stock is currently owned by institutional investors.

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.