Antero Resources (NYSE:AR) Receives New Coverage from Analysts at Wells Fargo & Company

Wells Fargo & Company began coverage on shares of Antero Resources (NYSE:ARGet Rating) in a research note released on Tuesday, The Fly reports. The firm issued an overweight rating on the oil and natural gas company’s stock.

AR has been the subject of several other reports. StockNews.com assumed coverage on Antero Resources in a research note on Wednesday, October 12th. They issued a hold rating for the company. Tudor Pickering lowered Antero Resources from a buy rating to a hold rating in a research note on Wednesday, November 30th. Morgan Stanley lowered their price objective on Antero Resources from $34.00 to $29.00 and set an equal weight rating for the company in a research note on Tuesday. Jefferies Financial Group initiated coverage on Antero Resources in a research note on Wednesday, October 19th. They set a buy rating and a $47.00 price target for the company. Finally, TD Securities decreased their price target on Antero Resources from $56.00 to $53.00 and set a buy rating for the company in a research note on Thursday, October 27th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $48.90.

Antero Resources Stock Performance

NYSE AR opened at $30.04 on Tuesday. The stock has a market capitalization of $9.02 billion, a PE ratio of 4.88 and a beta of 3.50. Antero Resources has a 1-year low of $16.97 and a 1-year high of $48.80. The business has a 50 day simple moving average of $32.42 and a two-hundred day simple moving average of $35.20. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.38 and a quick ratio of 0.38.

Antero Resources (NYSE:ARGet Rating) last posted its quarterly earnings data on Wednesday, October 26th. The oil and natural gas company reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.25). The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.98 billion. Antero Resources had a net margin of 27.79% and a return on equity of 26.13%. On average, research analysts predict that Antero Resources will post 5.69 EPS for the current fiscal year.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, insider Sheri Pearce sold 2,750 shares of Antero Resources stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $35.48, for a total transaction of $97,570.00. Following the completion of the sale, the insider now directly owns 91,266 shares of the company’s stock, valued at approximately $3,238,117.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Antero Resources news, insider Sheri Pearce sold 2,750 shares of Antero Resources stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $35.48, for a total transaction of $97,570.00. Following the completion of the sale, the insider now directly owns 91,266 shares of the company’s stock, valued at approximately $3,238,117.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director W Howard Keenan, Jr. sold 220,245 shares of Antero Resources stock in a transaction on Tuesday, December 6th. The shares were sold at an average price of $31.16, for a total value of $6,862,834.20. Following the completion of the transaction, the director now owns 4,779,755 shares in the company, valued at $148,937,165.80. The disclosure for this sale can be found here. 5.72% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Total Clarity Wealth Management Inc. purchased a new position in Antero Resources during the 2nd quarter worth $31,000. BDO Wealth Advisors LLC purchased a new position in Antero Resources during the 2nd quarter worth $31,000. Riggs Asset Managment Co. Inc. grew its stake in Antero Resources by 63.5% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,040 shares of the oil and natural gas company’s stock worth $32,000 after buying an additional 404 shares during the last quarter. CoreCap Advisors LLC purchased a new position in Antero Resources during the 2nd quarter worth $32,000. Finally, SeaCrest Wealth Management LLC purchased a new position in Antero Resources during the 2nd quarter worth $37,000. 77.78% of the stock is currently owned by hedge funds and other institutional investors.

Antero Resources Company Profile

(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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