TD Cowen Upgrades Antero Resources (NYSE:AR) to “Buy”

Antero Resources (NYSE:AR) was upgraded by equities research analysts at TD Cowen from a “hold” rating to a “buy” rating in a research note issued on Tuesday, Marketbeat.com reports. The firm currently has a $46.00 price target on the oil and natural gas company’s stock, up from their prior price target of $40.00. TD Cowen’s price objective would suggest a potential upside of 31.81% from the company’s current price.

AR has been the subject of a number of other reports. Williams Trading set a $48.00 price target on shares of Antero Resources in a research note on Wednesday, March 5th. Truist Financial upped their target price on shares of Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Mizuho raised their price target on Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Wells Fargo & Company upped their price objective on Antero Resources from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Wednesday, March 19th. Finally, Morgan Stanley restated an “overweight” rating and set a $58.00 target price on shares of Antero Resources in a report on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $42.44.

Antero Resources Stock Performance

AR stock opened at $34.90 on Tuesday. The company has a 50 day moving average price of $37.99 and a 200 day moving average price of $34.18. Antero Resources has a fifty-two week low of $24.53 and a fifty-two week high of $42.63. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market capitalization of $10.86 billion, a PE ratio of 109.07 and a beta of 3.08.

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

Insider Activity at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of Antero Resources stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total value of $7,952,000.00. Following the sale, the director now owns 1,800,000 shares of the company’s stock, valued at approximately $71,568,000. This trade represents a 10.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Antero Resources

A number of large investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its holdings in 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 last quarter. Geode Capital Management LLC lifted its position 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 in the last quarter. Wealthfront Advisers LLC acquired a new position in shares of Antero Resources during the 4th quarter worth about $556,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Antero Resources by 1,423.0% in the 4th 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 acquiring an additional 7,983 shares in the last quarter. Finally, Sei Investments Co. increased its position 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 acquiring an additional 12,156 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

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.