Antero Resources Corporation (NYSE:AR) Receives $48.56 Average Target Price from Analysts

Shares of Antero Resources Corporation (NYSE:AR) have received an average recommendation of “Moderate Buy” from the nineteen analysts that are presently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and five have given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $48.5625.

Several analysts have weighed in on AR shares. Bank of America upped their price objective on shares of Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Antero Resources in a research note on Monday, December 29th. Wells Fargo & Company increased their price target on Antero Resources from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Truist Financial began coverage on Antero Resources in a report on Tuesday, March 24th. They set a “buy” rating and a $56.00 price target for the company. Finally, Jefferies Financial Group set a $50.00 price objective on Antero Resources in a research note on Friday, February 13th.

Insider Activity

In other Antero Resources news, insider Yvette K. Schultz sold 15,000 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $39.33, for a total value of $589,950.00. Following the completion of the sale, the insider owned 319,122 shares in the company, valued at approximately $12,551,068.26. This trade represents a 4.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Benjamin A. Hardesty sold 12,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $44.00, for a total transaction of $528,000.00. Following the completion of the transaction, the director directly owned 150,242 shares of the company’s stock, valued at approximately $6,610,648. This represents a 7.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 6.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Antero Resources

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Root Financial Partners LLC bought a new stake in Antero Resources in the third quarter valued at about $26,000. Sunbelt Securities Inc. bought a new stake in shares of Antero Resources in the 3rd quarter valued at about $30,000. IFP Advisors Inc raised its position in shares of Antero Resources by 59.2% in the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after acquiring an additional 345 shares during the period. Los Angeles Capital Management LLC bought a new position in Antero Resources during the 4th quarter worth approximately $41,000. Finally, Hilton Head Capital Partners LLC bought a new position in Antero Resources during the 4th quarter worth approximately $44,000. Institutional investors own 83.04% of the company’s stock.

Antero Resources Stock Performance

NYSE AR opened at $37.86 on Wednesday. The stock has a market cap of $11.68 billion, a P/E ratio of 18.74, a PEG ratio of 0.37 and a beta of 0.42. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.18. Antero Resources has a twelve month low of $29.10 and a twelve month high of $45.75. The company’s 50-day simple moving average is $38.81 and its 200 day simple moving average is $35.54.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.13. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.33 billion. Antero Resources had a return on equity of 6.71% and a net margin of 12.02%.The company’s revenue was up 20.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.48 EPS. As a group, research analysts forecast that Antero Resources will post 4.05 earnings per share for the current fiscal year.

Antero Resources Company Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.