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

Antero Resources Co. (NYSE:AR) has been given an average recommendation of “Moderate Buy” by the eighteen research firms that are currently covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $41.06.

A number of research analysts recently weighed in on AR shares. JPMorgan Chase & Co. raised their price objective on Antero Resources from $45.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, March 13th. Barclays lifted their price target on Antero Resources from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Mizuho lifted their price target on Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Benchmark reaffirmed a “hold” rating on shares of Antero Resources in a research report on Friday, January 17th. Finally, UBS Group lifted their price target on Antero Resources from $39.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th.

Antero Resources Stock Performance

NYSE:AR opened at $40.70 on Tuesday. The firm has a market cap of $12.66 billion, a PE ratio of 127.18 and a beta of 3.38. Antero Resources has a fifty-two week low of $24.53 and a fifty-two week high of $41.53. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. The business has a 50 day moving average price of $38.37 and a 200-day moving average price of $33.04.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.14. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. Equities 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 the company’s stock in a transaction that occurred on 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 sale, the director now directly owns 1,800,000 shares in the company, valued at $71,568,000. This represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AR. Capital A Wealth Management LLC bought a new position in Antero Resources in the fourth quarter worth approximately $35,000. GF Fund Management CO. LTD. purchased a new stake in Antero Resources during the fourth quarter worth $3,112,000. Public Employees Retirement System of Ohio lifted its holdings in Antero Resources by 53.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 161,912 shares of the oil and natural gas company’s stock worth $5,675,000 after buying an additional 56,561 shares during the period. Neo Ivy Capital Management purchased a new stake in Antero Resources during the fourth quarter worth $81,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Antero Resources by 4.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 547,243 shares of the oil and natural gas company’s stock worth $19,181,000 after buying an additional 25,536 shares during the period. Institutional investors own 83.04% of the company’s stock.

Antero Resources Company Profile

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.