Antero Resources Co. (NYSE:AR) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Antero Resources Co. (NYSE:AR) have been given an average recommendation of “Moderate Buy” by the sixteen analysts that are currently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $33.57.

A number of research analysts have recently commented on the stock. Mizuho upped their price target on shares of Antero Resources from $29.00 to $37.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Scotiabank raised shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $40.00 to $44.00 in a research report on Tuesday, August 20th. Roth Mkm assumed coverage on shares of Antero Resources in a research note on Tuesday, August 27th. They set a “buy” rating and a $32.00 price target for the company. Jefferies Financial Group increased their price objective on Antero Resources from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Finally, The Goldman Sachs Group lifted their target price on Antero Resources from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, insider Yvette K. Schultz sold 50,000 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the sale, the insider now directly owns 248,363 shares in the company, valued at approximately $6,268,682.12. The transaction was disclosed in a document filed with the SEC, which is available through this link. 6.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Antero Resources

A number of hedge funds have recently bought and sold shares of AR. Allspring Global Investments Holdings LLC grew its position in shares of Antero Resources by 1,311.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock worth $28,000 after buying an additional 892 shares in the last quarter. Mather Group LLC. purchased a new position in Antero Resources in the first quarter worth approximately $37,000. Lindbrook Capital LLC grew its holdings in Antero Resources by 35.1% during the 1st quarter. Lindbrook Capital LLC now owns 1,998 shares of the oil and natural gas company’s stock worth $58,000 after acquiring an additional 519 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Antero Resources by 28.0% in the 4th quarter. Quadrant Capital Group LLC now owns 2,752 shares of the oil and natural gas company’s stock valued at $62,000 after purchasing an additional 602 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of Antero Resources by 11.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,384 shares of the oil and natural gas company’s stock valued at $98,000 after purchasing an additional 343 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Trading Up 1.6 %

AR opened at $25.34 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. The stock’s 50 day moving average price is $28.95 and its 200-day moving average price is $30.08. Antero Resources has a one year low of $20.10 and a one year high of $36.28. The stock has a market cap of $7.88 billion, a price-to-earnings ratio of 126.70 and a beta of 3.40.

Antero Resources (NYSE:AR) last posted its quarterly earnings data on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). The business had revenue of $978.65 million for the quarter, compared to analysts’ expectations of $980.20 million. Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. On average, equities analysts forecast that Antero Resources will post 0.34 EPS for the current year.

About Antero Resources

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.