Analysts Set Antero Resources Co. (NYSE:AR) Price Target at $32.69

Shares of Antero Resources Co. (NYSE:ARGet Free Report) have received a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $33.00.

A number of brokerages recently commented on AR. Truist Financial lowered their target price on Antero Resources from $28.00 to $27.00 and set a “hold” rating for the company in a report on Friday, April 5th. Benchmark downgraded shares of Antero Resources from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Morgan Stanley upgraded shares of Antero Resources from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $26.00 to $36.00 in a report on Wednesday, April 17th. StockNews.com raised Antero Resources to a “sell” rating in a research report on Friday, April 26th. Finally, Barclays started coverage on Antero Resources in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $32.00 price objective on the stock.

Check Out Our Latest Report on Antero Resources

Insiders Place Their Bets

In related news, Director W Howard Keenan, Jr. sold 300,000 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $34.23, for a total value of $10,269,000.00. Following the transaction, the director now directly owns 2,162,993 shares of the company’s stock, valued at approximately $74,039,250.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director W Howard Keenan, Jr. sold 300,000 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $34.23, for a total value of $10,269,000.00. Following the completion of the sale, the director now directly owns 2,162,993 shares of the company’s stock, valued at approximately $74,039,250.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Sheri Pearce sold 28,009 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total value of $736,356.61. Following the transaction, the insider now owns 106,698 shares in the company, valued at approximately $2,805,090.42. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 943,657 shares of company stock valued at $28,479,689. 6.70% of the stock is owned by corporate insiders.

Institutional Trading of Antero Resources

Several institutional investors and hedge funds have recently bought and sold shares of AR. Fifth Third Bancorp raised its holdings in shares of Antero Resources by 17.0% in the third quarter. Fifth Third Bancorp now owns 5,362 shares of the oil and natural gas company’s stock valued at $136,000 after buying an additional 781 shares during the last quarter. Panagora Asset Management Inc. acquired a new stake in Antero Resources during the 3rd quarter worth approximately $517,000. Principal Financial Group Inc. grew its stake in shares of Antero Resources by 0.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,041,618 shares of the oil and natural gas company’s stock valued at $26,436,000 after purchasing an additional 4,294 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of Antero Resources by 3.4% in the third quarter. California Public Employees Retirement System now owns 544,058 shares of the oil and natural gas company’s stock valued at $13,808,000 after purchasing an additional 17,941 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of Antero Resources by 865.0% during the third quarter. Victory Capital Management Inc. now owns 680,576 shares of the oil and natural gas company’s stock worth $17,273,000 after purchasing an additional 610,051 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Price Performance

Antero Resources stock opened at $34.66 on Wednesday. The company’s 50 day simple moving average is $31.43 and its 200-day simple moving average is $26.33. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. Antero Resources has a 1 year low of $19.91 and a 1 year high of $35.83. The company has a market capitalization of $10.77 billion, a price-to-earnings ratio of 173.30 and a beta of 3.27.

Antero Resources (NYSE:ARGet Free Report) last announced its earnings results on Wednesday, April 24th. The oil and natural gas company reported $0.03 earnings per share (EPS) for the quarter. Antero Resources had a return on equity of 0.18% and a net margin of 1.50%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.08 billion. As a group, equities research analysts expect that Antero Resources will post 0.33 earnings per share for the current year.

About Antero Resources

(Get Free Report

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.

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Analyst Recommendations for Antero Resources (NYSE:AR)

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