Antero Resources (NYSE:AR) Upgraded at Truist Financial

Truist Financial upgraded shares of Antero Resources (NYSE:AR) to a strong-buy rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities research analysts have also recently commented on AR. Bank of America upped their price target on Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. UBS Group increased their target price on shares of Antero Resources from $45.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Jefferies Financial Group set a $50.00 price target on Antero Resources in a research note on Friday, February 13th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $39.00 target price (down from $44.00) on shares of Antero Resources in a research note on Monday, December 8th. Finally, Roth Mkm reaffirmed a “neutral” rating and set a $36.00 price objective on shares of Antero Resources in a research note on Monday, December 8th. Five investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $46.63.

Antero Resources Stock Up 3.0%

Shares of AR opened at $44.65 on Monday. The company’s 50-day moving average price is $36.49 and its 200 day moving average price is $34.60. The firm has a market cap of $13.78 billion, a P/E ratio of 22.11 and a beta of 0.52. Antero Resources has a 12-month low of $29.10 and a 12-month high of $44.79. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.18.

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

Insider Buying and Selling at Antero Resources

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AR. Stephens Investment Management Group LLC boosted its holdings in Antero Resources by 4.5% in the third quarter. Stephens Investment Management Group LLC now owns 1,185,601 shares of the oil and natural gas company’s stock worth $39,789,000 after purchasing an additional 51,126 shares during the period. Goodman Financial Corp bought a new stake in Antero Resources during the third quarter valued at $14,791,000. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Antero Resources by 103.8% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 436,476 shares of the oil and natural gas company’s stock worth $14,648,000 after purchasing an additional 222,311 shares during the period. Edgestream Partners L.P. acquired a new stake in shares of Antero Resources during the second quarter worth $3,015,000. Finally, Diamond Hill Capital Management Inc. lifted its position in shares of Antero Resources by 43.4% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 595,608 shares of the oil and natural gas company’s stock worth $19,989,000 after buying an additional 180,390 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

About Antero Resources

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.