Antero Resources (NYSE:AR) Coverage Initiated at Truist Financial

Stock analysts at Truist Financial assumed coverage on shares of Antero Resources (NYSE:AR) in a research note issued to investors on Tuesday, MarketBeat.com reports. The firm set a “buy” rating and a $56.00 price target on the oil and natural gas company’s stock. Truist Financial’s price objective would indicate a potential upside of 25.41% from the company’s current price.

Other equities analysts have also issued reports about the stock. Benchmark raised shares of Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Thursday, March 5th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $39.00 target price (down from $44.00) on shares of Antero Resources in a research note on Monday, December 8th. BMO Capital Markets boosted their target price on shares of Antero Resources from $37.00 to $40.00 and gave the stock a “market perform” rating in a report on Tuesday, December 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Antero Resources in a research report on Monday, December 29th. Finally, Tudor Pickering upgraded shares of Antero Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Five equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $46.63.

Antero Resources Stock Performance

Antero Resources stock opened at $44.65 on Tuesday. Antero Resources has a 1 year low of $29.10 and a 1 year high of $44.79. The company has a market cap of $13.78 billion, a PE ratio of 22.11 and a beta of 0.52. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.18. The company’s 50-day moving average is $36.49 and its two-hundred day moving average is $34.60.

Antero Resources (NYSE:AR) last posted its earnings results on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.13. Antero Resources had a return on equity of 6.71% and a net margin of 12.02%.The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the company earned $0.48 EPS. The company’s revenue for the quarter was up 20.8% compared to the same quarter last year. Equities analysts anticipate that Antero Resources will post 2.74 earnings per share for the current year.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, insider Yvette K. Schultz sold 15,000 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $39.33, for a total transaction of $589,950.00. Following the transaction, the insider owned 319,122 shares in the company, valued at approximately $12,551,068.26. This represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Benjamin A. Hardesty sold 12,000 shares of Antero Resources stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $44.00, for a total transaction of $528,000.00. Following the transaction, the director directly owned 150,242 shares in the company, valued at $6,610,648. This represents a 7.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 6.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Antero Resources

Several large investors have recently modified their holdings of the business. CIBC Bancorp USA Inc. purchased a new position in Antero Resources during the third quarter valued at approximately $77,294,000. Massachusetts Financial Services Co. MA boosted its position in Antero Resources by 111.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,988,300 shares of the oil and natural gas company’s stock valued at $137,437,000 after buying an additional 2,099,755 shares during the period. AQR Capital Management LLC grew its position in Antero Resources by 140.2% during the 3rd quarter. AQR Capital Management LLC now owns 3,467,536 shares of the oil and natural gas company’s stock worth $116,371,000 after acquiring an additional 2,023,828 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Antero Resources by 31.8% in the third quarter. Dimensional Fund Advisors LP now owns 7,970,390 shares of the oil and natural gas company’s stock worth $267,485,000 after purchasing an additional 1,922,977 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new stake in Antero Resources in the 4th quarter worth $58,831,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

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.