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

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

AR has been the topic of several research analyst reports. Barclays raised their target price on shares of Antero Resources from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Benchmark reaffirmed a “hold” rating on shares of Antero Resources in a research report on Friday, January 17th. UBS Group increased their target price on Antero Resources from $39.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Citigroup upped their price objective on Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Finally, 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 report on Thursday, January 23rd.

Antero Resources Price Performance

Shares of AR stock opened at $41.22 on Tuesday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21. Antero Resources has a 12-month low of $24.53 and a 12-month high of $41.59. The firm has a fifty day moving average of $38.43 and a 200-day moving average of $33.21. The firm has a market capitalization of $12.83 billion, a price-to-earnings ratio of 128.80 and a beta of 3.38.

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, 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%. On average, equities research analysts forecast that Antero Resources will post 2.74 earnings per share for the current year.

Insiders Place Their Bets

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total value of $7,952,000.00. Following the transaction, the director now directly owns 1,800,000 shares in the company, valued at $71,568,000. The trade was a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.70% of the company’s stock.

Institutional Trading of Antero Resources

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Pinnacle Bancorp Inc. acquired a new stake in Antero Resources during the fourth quarter worth approximately $28,000. Mascagni Wealth Management Inc. bought a new stake in Antero Resources in the 4th quarter valued at $31,000. Spire Wealth Management acquired a new position in Antero Resources in the 4th quarter valued at $31,000. Capital A Wealth Management LLC bought a new position in Antero Resources during the 4th quarter worth $35,000. Finally, True Wealth Design LLC acquired a new stake in shares of Antero Resources during the third quarter worth $30,000. 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.