Antero Resources Corporation (NYSE:AR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Antero Resources Corporation (NYSE:AR) have been given an average recommendation of “Moderate Buy” by the twenty-one research firms that are covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and five have assigned a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $49.3529.

AR has been the topic of a number of recent research reports. Roth Mkm reiterated a “neutral” rating and issued a $38.00 target price on shares of Antero Resources in a research note on Thursday, April 30th. The Goldman Sachs Group dropped their price objective on shares of Antero Resources from $46.00 to $41.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Jefferies Financial Group reiterated a “buy” rating and issued a $57.00 price objective on shares of Antero Resources in a research report on Friday, May 1st. Citigroup boosted their target price on shares of Antero Resources from $39.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, March 31st. Finally, Texas Capital upgraded shares of Antero Resources to a “strong-buy” rating in a research report on Thursday, June 25th.

Antero Resources Trading Down 0.1%

Shares of NYSE AR opened at $35.34 on Monday. Antero Resources has a 12-month low of $29.10 and a 12-month high of $45.75. The company has a market cap of $10.95 billion, a price-to-earnings ratio of 11.48 and a beta of 0.33. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.32. The stock’s 50 day simple moving average is $36.13 and its 200 day simple moving average is $36.32.

Insider Activity at Antero Resources

In related news, insider Yvette K. Schultz sold 39,490 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $39.27, for a total value of $1,550,772.30. Following the completion of the transaction, the insider directly owned 277,665 shares of the company’s stock, valued at $10,903,904.55. This represents a 12.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael N. Kennedy sold 185,826 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $39.33, for a total value of $7,308,536.58. Following the completion of the transaction, the insider directly owned 1,085,192 shares of the company’s stock, valued at $42,680,601.36. This trade represents a 14.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in shares of Antero Resources by 12.7% during the first quarter. Dimensional Fund Advisors LP now owns 10,239,070 shares of the oil and natural gas company’s stock valued at $434,597,000 after purchasing an additional 1,153,422 shares in the last quarter. State Street Corp increased its stake in Antero Resources by 1.2% during the 3rd quarter. State Street Corp now owns 10,171,885 shares of the oil and natural gas company’s stock valued at $341,368,000 after buying an additional 116,461 shares during the period. Sourcerock Group LLC increased its stake in Antero Resources by 10.6% during the 2nd quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company’s stock valued at $328,529,000 after buying an additional 783,117 shares during the period. Invesco Ltd. raised its position in shares of Antero Resources by 18.0% during the 4th quarter. Invesco Ltd. now owns 4,999,747 shares of the oil and natural gas company’s stock worth $172,291,000 after buying an additional 761,842 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Antero Resources by 35.4% during the 4th quarter. AQR Capital Management LLC now owns 4,694,364 shares of the oil and natural gas company’s stock worth $161,768,000 after buying an additional 1,226,828 shares in the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

About Antero Resources

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.