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

Truist Financial assumed coverage on shares of Antero Resources (NYSE:AR) in a report issued on Tuesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $56.00 price target on the oil and natural gas company’s stock.

Several other analysts have also recently weighed in on the stock. Morgan Stanley reduced their price objective on shares of Antero Resources from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. Benchmark raised Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Thursday, March 5th. UBS Group lifted their target price on Antero Resources from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Wells Fargo & Company upped their price target on Antero Resources from $49.00 to $52.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Finally, Bank of America increased their price target on Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Four analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Antero Resources has an average rating of “Moderate Buy” and an average price target of $46.63.

Antero Resources Stock Up 2.0%

Shares of NYSE AR opened at $43.39 on Tuesday. The company has a 50 day simple moving average of $36.24 and a 200 day simple moving average of $34.53. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.55 and a quick ratio of 0.55. Antero Resources has a 1 year low of $29.10 and a 1 year high of $44.37. The firm has a market cap of $13.39 billion, a PE ratio of 21.48 and a beta of 0.52.

Antero Resources (NYSE:AR) last posted its earnings results on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.13. Antero Resources had a net margin of 12.02% and a return on equity of 6.71%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the firm posted $0.48 EPS. The company’s revenue for the quarter was up 20.8% compared to the same quarter last year. On average, research analysts forecast that Antero Resources will post 2.74 EPS for the current year.

Insider Activity

In related news, Director Benjamin A. Hardesty sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $44.00, for a total transaction of $528,000.00. Following the completion of the sale, the director owned 150,242 shares of the company’s stock, valued at $6,610,648. This trade represents a 7.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Yvette K. Schultz sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $39.33, for a total value of $589,950.00. Following the sale, the insider directly owned 319,122 shares of the company’s stock, valued at $12,551,068.26. This represents a 4.49% decrease in their position. The disclosure for this sale is available in the SEC filing. 6.30% of the stock is owned by corporate insiders.

Institutional Trading of Antero Resources

Hedge funds have recently modified their holdings of the stock. Annandale Capital LLC boosted its stake in Antero Resources by 0.4% during the third quarter. Annandale Capital LLC now owns 73,754 shares of the oil and natural gas company’s stock worth $2,475,000 after acquiring an additional 300 shares in the last quarter. Parallel Advisors LLC increased its stake in Antero Resources by 16.7% in the fourth quarter. Parallel Advisors LLC now owns 2,108 shares of the oil and natural gas company’s stock valued at $73,000 after purchasing an additional 301 shares in the last quarter. Brooklyn Investment Group raised its holdings in shares of Antero Resources by 2.0% during the third quarter. Brooklyn Investment Group now owns 15,752 shares of the oil and natural gas company’s stock valued at $529,000 after purchasing an additional 305 shares during the period. Uhlmann Price Securities LLC raised its holdings in shares of Antero Resources by 2.2% during the third quarter. Uhlmann Price Securities LLC now owns 15,125 shares of the oil and natural gas company’s stock valued at $508,000 after purchasing an additional 325 shares during the period. Finally, Coldstream Capital Management Inc. boosted its position in shares of Antero Resources by 6.4% during the 2nd quarter. Coldstream Capital Management Inc. now owns 5,451 shares of the oil and natural gas company’s stock worth $220,000 after purchasing an additional 328 shares in the last quarter. Institutional investors own 83.04% of the company’s stock.

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.