Antero Resources Co. (NYSE:AR) Receives $40.47 Average Target Price from Analysts

Shares of Antero Resources Co. (NYSE:AR) have received a consensus rating of “Moderate Buy” from the eighteen research firms that are currently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $41.06.

Several equities research analysts recently commented on the company. Williams Trading set a $48.00 target price on Antero Resources in a research note on Wednesday, March 5th. The Goldman Sachs Group raised their target price on Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Wells Fargo & Company raised their price objective on Antero Resources from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Wednesday. UBS Group raised their price objective on Antero Resources from $39.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Finally, StockNews.com raised Antero Resources to a “sell” rating in a research note on Thursday, February 13th.

Antero Resources Trading Down 0.1 %

NYSE AR opened at $40.96 on Tuesday. The business has a 50 day simple moving average of $38.33 and a 200 day simple moving average of $32.89. Antero Resources has a one year low of $24.53 and a one year high of $41.53. The stock has a market capitalization of $12.75 billion, a P/E ratio of 128.00 and a beta of 3.38. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35.

Antero Resources (NYSE:AR) last released its earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 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%. Research analysts expect that Antero Resources will post 2.74 earnings per share for the current year.

Insider Buying and Selling

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of Antero Resources stock in a transaction 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 approximately $71,568,000. This trade represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Antero Resources

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

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.