Antero Resources Co. (NYSE:AR) Receives $40.47 Consensus Price Target from Analysts

Antero Resources Co. (NYSE:AR) has earned an average recommendation of “Moderate Buy” from the eighteen analysts that are covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $41.06.

Several equities analysts have recently weighed in on AR shares. Wells Fargo & Company lifted their price target on Antero Resources from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Wednesday. Mizuho lifted their price target on Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Benchmark reiterated a “hold” rating on shares of Antero Resources in a research report on Friday, January 17th. Citigroup lifted their price target on Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Finally, UBS Group lifted their price target on Antero Resources from $39.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th.

Insider Transactions at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total value of $7,952,000.00. Following the completion of the transaction, the director now directly owns 1,800,000 shares in the company, valued at approximately $71,568,000. This represents a 10.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On Antero Resources

Hedge funds and other institutional investors have recently modified their holdings of the company. Pinnacle Bancorp Inc. purchased a new position in shares of Antero Resources in the 4th quarter worth about $28,000. Spire Wealth Management bought a new stake in shares of Antero Resources in the 4th quarter valued at about $31,000. Capital A Wealth Management LLC bought a new stake in shares of Antero Resources in the 4th quarter valued at about $35,000. True Wealth Design LLC bought a new stake in shares of Antero Resources in the 3rd quarter valued at about $30,000. Finally, Wilmington Savings Fund Society FSB lifted its stake in shares of Antero Resources by 205.2% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company’s stock valued at $48,000 after acquiring an additional 913 shares during the last quarter. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Antero Resources Stock Performance

Shares of AR opened at $40.96 on Tuesday. The firm has a market cap of $12.75 billion, a PE ratio of 128.00 and a beta of 3.38. The stock’s fifty day moving average price is $38.33 and its two-hundred day moving average price is $32.89. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. Antero Resources has a 1 year low of $24.53 and a 1 year high of $41.53.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. On average, equities research analysts forecast that Antero Resources will post 2.74 EPS for the current year.

About Antero Resources

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.