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Antero Resources Co. (NYSE:AR) Receives Consensus Rating of “Moderate Buy” from Brokerages


Antero Resources Co. (NYSE:ARGet Rating) has received an average recommendation of “Moderate Buy” from the ten brokerages that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $45.67.

A number of equities analysts have recently commented on the stock. Benchmark raised their price objective on shares of Antero Resources from $37.00 to $50.00 in a research report on Monday, April 11th. Wells Fargo & Company lifted their target price on shares of Antero Resources from $38.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday, July 11th. StockNews.com upgraded shares of Antero Resources from a “sell” rating to a “hold” rating in a research report on Thursday, June 16th. The Goldman Sachs Group dropped their target price on shares of Antero Resources from $48.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, July 5th. Finally, Raymond James lifted their target price on shares of Antero Resources from $52.00 to $60.00 in a research report on Thursday, June 16th.

Antero Resources Price Performance

AR stock opened at $32.69 on Friday. The firm has a 50 day moving average of $36.67 and a 200-day moving average of $29.50. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.34. Antero Resources has a 12 month low of $10.91 and a 12 month high of $48.80. The firm has a market capitalization of $10.17 billion, a P/E ratio of -25.15 and a beta of 3.71.

Antero Resources (NYSE:ARGet Rating) last released its quarterly earnings data on Wednesday, April 27th. The oil and natural gas company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.09. Antero Resources had a negative net margin of 7.80% and a positive return on equity of 10.73%. The company had revenue of $786.84 million during the quarter, compared to analyst estimates of $1.56 billion. During the same period last year, the business earned $0.61 earnings per share. As a group, sell-side analysts predict that Antero Resources will post 7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Antero Resources news, Director W Howard Keenan, Jr. sold 1,000,000 shares of Antero Resources stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $34.80, for a total transaction of $34,800,000.00. Following the transaction, the director now directly owns 5,747,952 shares of the company’s stock, valued at $200,028,729.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Sheri Pearce sold 7,352 shares of Antero Resources stock in a transaction on Wednesday, May 11th. The shares were sold at an average price of $34.63, for a total value of $254,599.76. Following the transaction, the insider now directly owns 80,858 shares of the company’s stock, valued at $2,800,112.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director W Howard Keenan, Jr. sold 1,000,000 shares of Antero Resources stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $34.80, for a total transaction of $34,800,000.00. Following the completion of the transaction, the director now directly owns 5,747,952 shares in the company, valued at $200,028,729.60. The disclosure for this sale can be found here. Insiders own 5.72% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC increased its stake in shares of Antero Resources by 49.0% in the second quarter. Global Retirement Partners LLC now owns 7,154 shares of the oil and natural gas company’s stock worth $219,000 after buying an additional 2,354 shares during the period. Private Advisor Group LLC bought a new stake in Antero Resources in the second quarter valued at $281,000. Walleye Capital LLC boosted its holdings in Antero Resources by 12,697.1% in the first quarter. Walleye Capital LLC now owns 409,508 shares of the oil and natural gas company’s stock valued at $12,502,000 after acquiring an additional 406,308 shares in the last quarter. Midwest Wealth Management Inc. bought a new stake in Antero Resources in the first quarter valued at $3,173,000. Finally, Neuberger Berman Group LLC boosted its holdings in Antero Resources by 96.0% in the first quarter. Neuberger Berman Group LLC now owns 2,575,029 shares of the oil and natural gas company’s stock valued at $78,616,000 after acquiring an additional 1,261,073 shares in the last quarter. 76.27% of the stock is owned by hedge funds and other institutional investors.

About Antero Resources

(Get Rating)

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2021, it had approximately 502,000 net acres in the Appalachian Basin; and 174,000 net acres in the Upper Devonian Shale.

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Analyst Recommendations for Antero Resources (NYSE:AR)



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Read More: Antero Resources Co. (NYSE:AR) Receives Consensus Rating of “Moderate Buy” from Brokerages

2022-07-17 00:19:46

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