Analysts Set Antero Resources Co. (NYSE:AR) Target Price at $42.44

Antero Resources Co. (NYSE:AR) has been given an average recommendation of “Moderate Buy” by the nineteen analysts that are covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $42.72.

AR has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on Antero Resources from $45.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, March 13th. Williams Trading set a $48.00 price target on shares of Antero Resources in a research report on Wednesday, March 5th. UBS Group raised their price objective on shares of Antero Resources from $41.00 to $43.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. Benchmark reaffirmed a “hold” rating on shares of Antero Resources in a report on Friday, January 17th. Finally, StockNews.com upgraded Antero Resources to a “sell” rating in a research note on Thursday, February 13th.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were 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 $71,568,000. This trade represents 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 through this link. 6.70% of the stock is currently owned by company insiders.

Institutional Trading of Antero Resources

Large investors have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund grew its position in Antero Resources by 0.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 59,482 shares of the oil and natural gas company’s stock worth $2,085,000 after acquiring an additional 300 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of Antero Resources by 2.3% in the 4th quarter. Cetera Investment Advisers now owns 14,060 shares of the oil and natural gas company’s stock valued at $493,000 after purchasing an additional 319 shares during the last quarter. World Investment Advisors lifted its stake in shares of Antero Resources by 5.0% in the 1st quarter. World Investment Advisors now owns 7,105 shares of the oil and natural gas company’s stock valued at $287,000 after purchasing an additional 341 shares during the last quarter. Net Worth Advisory Group boosted its holdings in shares of Antero Resources by 2.2% in the 4th quarter. Net Worth Advisory Group now owns 16,597 shares of the oil and natural gas company’s stock worth $582,000 after purchasing an additional 354 shares during the period. Finally, Mercer Global Advisors Inc. ADV increased its position in shares of Antero Resources by 2.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,355 shares of the oil and natural gas company’s stock valued at $503,000 after purchasing an additional 370 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors.

Antero Resources Stock Up 4.2%

AR stock opened at $41.04 on Wednesday. The company has a market cap of $12.74 billion, a price-to-earnings ratio of 128.25 and a beta of 0.66. 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’s 50-day moving average is $36.55 and its two-hundred day moving average is $35.34. Antero Resources has a fifty-two week low of $24.53 and a fifty-two week high of $42.63.

Antero Resources (NYSE:AR) last issued its quarterly earnings data on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.10. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.28 billion. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. The company’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 EPS. As a group, analysts forecast that Antero Resources will post 2.74 earnings per share for the current year.

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.