Antero Resources Co. (NYSE:AR) Receives $39.44 Consensus PT from Analysts

Antero Resources Co. (NYSE:AR) has been given a consensus recommendation of “Moderate Buy” by the eighteen analysts that are covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $39.44.

Several brokerages have recently weighed in on AR. Wells Fargo & Company upgraded Antero Resources from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $24.00 to $32.00 in a report on Tuesday, December 17th. StockNews.com raised Antero Resources to a “sell” rating in a research note on Thursday, February 13th. The Goldman Sachs Group increased their price objective on Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Benchmark reissued a “hold” rating on shares of Antero Resources in a research note on Friday, January 17th. Finally, Bank of America assumed coverage on Antero Resources in a research note on Monday, October 28th. They issued a “buy” rating and a $36.00 price objective on the stock.

Antero Resources Trading Down 3.4 %

Shares of AR stock opened at $38.18 on Friday. Antero Resources has a 1 year low of $24.43 and a 1 year high of $41.53. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. The stock’s 50 day simple moving average is $37.17 and its two-hundred day simple moving average is $31.68. The company has a market cap of $11.88 billion, a PE ratio of 119.30 and a beta of 3.33.

Antero Resources (NYSE:AR) last issued its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. Research analysts predict 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, Director W Howard Keenan, Jr. sold 200,000 shares of Antero Resources stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the completion of the transaction, the director now owns 1,800,000 shares in the company, valued at approximately $71,568,000. This trade represents a 10.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On Antero Resources

Several institutional investors and hedge funds have recently modified their holdings of the business. Pinnacle Bancorp Inc. acquired a new stake in Antero Resources in the 4th quarter worth about $28,000. Spire Wealth Management acquired a new stake in Antero Resources in the 4th quarter worth about $31,000. True Wealth Design LLC acquired a new stake in Antero Resources in the 3rd quarter worth about $30,000. Wilmington Savings Fund Society FSB boosted its holdings in Antero Resources by 205.2% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company’s stock worth $48,000 after buying an additional 913 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in Antero Resources by 59.6% in the 4th quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company’s stock worth $49,000 after buying an additional 523 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

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.