Antero Resources Corporation (NYSE:AR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Antero Resources Corporation (NYSE:AR) have been given an average rating of “Moderate Buy” by the twenty research firms that are presently covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $45.4706.

AR has been the topic of a number of recent research reports. Bank of America increased their price objective on Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. Mizuho set a $47.00 price objective on shares of Antero Resources in a report on Friday, December 12th. Roth Capital reissued a “neutral” rating and issued a $36.00 price target on shares of Antero Resources in a report on Monday, December 8th. Morgan Stanley raised their price objective on Antero Resources from $44.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 9th. Finally, Tudor Pickering upgraded Antero Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd.

Antero Resources Stock Down 2.4%

Shares of NYSE AR opened at $31.42 on Monday. Antero Resources has a 12-month low of $29.10 and a 12-month high of $44.01. The firm’s 50-day simple moving average is $34.42 and its 200 day simple moving average is $33.74. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.17. The company has a market cap of $9.69 billion, a price-to-earnings ratio of 16.71 and a beta of 0.50.

Antero Resources (NYSE:AR) last announced its earnings results on Wednesday, October 29th. The oil and natural gas company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.38). Antero Resources had a return on equity of 7.51% and a net margin of 11.73%.The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the firm posted ($0.07) earnings per share. The company’s revenue was up 15.0% on a year-over-year basis. On average, research analysts expect that Antero Resources will post 2.74 earnings per share for the current fiscal year.

Insider Activity at Antero Resources

In other Antero Resources news, insider Brendan E. Krueger acquired 5,000 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were acquired at an average price of $33.35 per share, for a total transaction of $166,750.00. Following the acquisition, the insider directly owned 295,917 shares of the company’s stock, valued at approximately $9,868,831.95. This trade represents a 1.72% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Antero Resources

Hedge funds have recently bought and sold shares of the stock. Huntington National Bank lifted its position in Antero Resources by 91.3% in the 2nd quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company’s stock valued at $26,000 after acquiring an additional 313 shares in the last quarter. Root Financial Partners LLC acquired a new stake in Antero Resources in the third quarter valued at $26,000. Sunbelt Securities Inc. bought a new position in shares of Antero Resources in the 3rd quarter valued at about $30,000. IFP Advisors Inc increased its stake in shares of Antero Resources by 59.2% during the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock worth $31,000 after purchasing an additional 345 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. raised its holdings in shares of Antero Resources by 114.2% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 938 shares of the oil and natural gas company’s stock valued at $38,000 after purchasing an additional 500 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Company Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.