Antero Resources Corporation (NYSE:AR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Antero Resources Corporation (NYSE:AR) has earned a consensus recommendation of “Moderate Buy” from the twenty ratings firms that are covering the company, MarketBeat reports. Eight 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 1-year price target among brokers that have covered the stock in the last year is $45.4706.

AR has been the topic of several recent research reports. Wells Fargo & Company increased their price objective on shares of Antero Resources from $39.00 to $49.00 and gave the stock an “overweight” rating in a research note on Friday, December 12th. Weiss Ratings restated a “hold (c)” rating on shares of Antero Resources in a research report on Monday. UBS Group increased their price target on shares of Antero Resources from $40.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Bank of America lifted their price target on shares of Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Finally, Jefferies Financial Group cut their price objective on shares of Antero Resources from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, October 3rd.

Insider Transactions at Antero Resources

In related news, insider Brendan E. Krueger purchased 5,000 shares of the business’s stock in a transaction on Friday, November 7th. The stock was acquired at an average price of $33.35 per share, with a total value of $166,750.00. Following the completion of the acquisition, the insider owned 295,917 shares of the company’s stock, valued at approximately $9,868,831.95. This trade represents a 1.72% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AR. Neo Ivy Capital Management bought a new stake in shares of Antero Resources during the 2nd quarter valued at $532,000. Voya Investment Management LLC boosted its holdings in Antero Resources by 22.8% in the 1st quarter. Voya Investment Management LLC now owns 184,972 shares of the oil and natural gas company’s stock worth $7,480,000 after buying an additional 34,311 shares during the period. Jump Financial LLC purchased a new stake in Antero Resources in the 1st quarter worth $475,000. Engine NO. 1 LLC bought a new stake in Antero Resources during the first quarter valued at about $5,581,000. Finally, Ameriprise Financial Inc. lifted its position in shares of Antero Resources by 46.1% in the first quarter. Ameriprise Financial Inc. now owns 2,288,812 shares of the oil and natural gas company’s stock valued at $92,563,000 after acquiring an additional 721,767 shares in the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Antero Resources Stock Performance

AR stock opened at $34.28 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.31 and a quick ratio of 0.31. Antero Resources has a 1 year low of $29.10 and a 1 year high of $44.01. The company has a market cap of $10.58 billion, a P/E ratio of 18.24 and a beta of 0.57. The stock’s fifty day moving average price is $33.81 and its 200-day moving average price is $34.60.

Antero Resources (NYSE:AR) last posted its earnings results on Wednesday, October 29th. The oil and natural gas company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.38). The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.25 billion. Antero Resources had a net margin of 11.73% and a return on equity of 7.51%. The firm’s revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.07) EPS. On average, equities 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.