Antero Resources Co. (NYSE:AR) Given Average Rating of “Moderate Buy” by Analysts

Antero Resources Co. (NYSE:AR) has been assigned an average recommendation of “Moderate Buy” from the thirteen analysts that are covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $32.69.

A number of analysts recently commented on AR shares. Barclays started coverage on shares of Antero Resources in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $32.00 price objective for the company. StockNews.com raised shares of Antero Resources to a “sell” rating in a research note on Friday, April 26th. Scotiabank upped their target price on shares of Antero Resources from $36.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 30th. Wells Fargo & Company upped their target price on shares of Antero Resources from $35.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Finally, JPMorgan Chase & Co. upped their target price on shares of Antero Resources from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 27th.

Insider Transactions at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 206,978 shares of Antero Resources stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $26.15, for a total transaction of $5,412,474.70. Following the transaction, the director now owns 3,793,022 shares in the company, valued at $99,187,525.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director W Howard Keenan, Jr. sold 206,978 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $26.15, for a total transaction of $5,412,474.70. Following the transaction, the director now owns 3,793,022 shares in the company, valued at $99,187,525.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sheri Pearce sold 16,377 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $35.50, for a total transaction of $581,383.50. Following the transaction, the insider now owns 77,460 shares in the company, valued at approximately $2,749,830. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 943,657 shares of company stock worth $28,479,689. Company insiders own 5.95% of the company’s stock.

Institutional Investors Weigh In On Antero Resources

A number of institutional investors have recently added to or reduced their stakes in AR. Vanguard Group Inc. grew its position in shares of Antero Resources by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 28,066,610 shares of the oil and natural gas company’s stock valued at $813,932,000 after acquiring an additional 372,450 shares during the period. Wellington Management Group LLP grew its position in shares of Antero Resources by 33.7% during the 4th quarter. Wellington Management Group LLP now owns 10,537,261 shares of the oil and natural gas company’s stock valued at $238,985,000 after acquiring an additional 2,655,604 shares during the period. Bank of New York Mellon Corp grew its position in shares of Antero Resources by 11.6% during the 1st quarter. Bank of New York Mellon Corp now owns 8,840,690 shares of the oil and natural gas company’s stock valued at $256,380,000 after acquiring an additional 917,338 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Antero Resources by 28.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,659,033 shares of the oil and natural gas company’s stock valued at $128,352,000 after acquiring an additional 1,253,510 shares during the period. Finally, Eagle Asset Management Inc. grew its position in shares of Antero Resources by 9.3% during the 4th quarter. Eagle Asset Management Inc. now owns 3,340,434 shares of the oil and natural gas company’s stock valued at $75,761,000 after acquiring an additional 285,485 shares during the period. 83.04% of the stock is owned by institutional investors.

Antero Resources Price Performance

AR opened at $33.28 on Wednesday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. Antero Resources has a 12 month low of $19.91 and a 12 month high of $35.83. The company has a fifty day simple moving average of $31.10 and a 200 day simple moving average of $26.22. The stock has a market cap of $10.34 billion, a P/E ratio of 166.40 and a beta of 3.27.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, April 24th. The oil and natural gas company reported $0.03 EPS for the quarter. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.08 billion. On average, research analysts expect that Antero Resources will post 0.33 EPS for the current year.

Antero Resources Company Profile

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.