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

Shares of Antero Resources Corporation (NYSE:AR) have been assigned a consensus recommendation of “Moderate Buy” from the eighteen research firms that are currently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and four have given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $45.9333.

A number of analysts recently commented on the stock. Benchmark restated a “hold” rating on shares of Antero Resources in a research report on Thursday, January 15th. Jefferies Financial Group set a $50.00 price target on Antero Resources in a research report on Friday, February 13th. Roth Mkm reiterated a “neutral” rating and set a $36.00 price objective on shares of Antero Resources in a report on Monday, December 8th. Mizuho set a $47.00 price objective on Antero Resources in a research report on Friday, December 12th. Finally, Wells Fargo & Company raised their target price on shares of Antero Resources from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Friday, February 13th.

Institutional Investors Weigh In On Antero Resources

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AR. Vanguard Group Inc. boosted its position in Antero Resources by 1.2% during the second quarter. Vanguard Group Inc. now owns 29,797,653 shares of the oil and natural gas company’s stock worth $1,200,249,000 after purchasing an additional 350,018 shares during the period. State Street Corp lifted its stake in shares of Antero Resources by 1.2% during the 3rd quarter. State Street Corp now owns 10,171,885 shares of the oil and natural gas company’s stock worth $341,368,000 after buying an additional 116,461 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Antero Resources by 14.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,085,648 shares of the oil and natural gas company’s stock worth $313,106,000 after buying an additional 1,115,258 shares during the period. Sourcerock Group LLC grew its stake in Antero Resources by 10.6% in the 2nd quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company’s stock valued at $328,529,000 after buying an additional 783,117 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Antero Resources by 18.4% in the 2nd quarter. Invesco Ltd. now owns 5,258,305 shares of the oil and natural gas company’s stock valued at $211,805,000 after buying an additional 817,977 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Stock Performance

NYSE AR opened at $37.04 on Tuesday. Antero Resources has a twelve month low of $29.10 and a twelve month high of $44.01. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.18. The stock has a market cap of $11.43 billion, a P/E ratio of 18.34 and a beta of 0.52. The company’s 50-day simple moving average is $34.01 and its 200 day simple moving average is $33.51.

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 the consensus estimate of $0.49 by $0.13. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.33 billion. Antero Resources had a net margin of 12.02% and a return on equity of 6.71%. The firm’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.48 EPS. As a group, research analysts forecast that Antero Resources will post 2.74 earnings per share for the current fiscal year.

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.