Antero Resources (NYSE:AR) Research Coverage Started at UBS Group

UBS Group started coverage on shares of Antero Resources (NYSE:AR) in a report published on Wednesday morning, MarketBeat Ratings reports. The firm issued a neutral rating and a $33.00 price objective on the oil and natural gas company’s stock.

Other research analysts have also issued research reports about the stock. Truist Financial lowered their price objective on shares of Antero Resources from $29.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. Scotiabank raised Antero Resources from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $40.00 to $44.00 in a research note on Tuesday, August 20th. Roth Mkm started coverage on Antero Resources in a report on Tuesday, August 27th. They issued a “buy” rating and a $32.00 price objective for the company. JPMorgan Chase & Co. lowered their target price on Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a report on Thursday, September 12th. Finally, Roth Capital raised shares of Antero Resources to a “strong-buy” rating in a report on Tuesday, August 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Antero Resources currently has a consensus rating of “Moderate Buy” and an average target price of $32.82.

Antero Resources Trading Down 0.4 %

Antero Resources stock opened at $27.24 on Wednesday. Antero Resources has a 52-week low of $20.10 and a 52-week high of $36.28. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $8.47 billion, a price-to-earnings ratio of 136.20 and a beta of 3.33. The firm has a 50-day moving average price of $27.49 and a two-hundred day moving average price of $30.41.

Antero Resources (NYSE:AR) last announced its earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.04). The business had revenue of $978.65 million for the quarter, compared to the consensus estimate of $980.20 million. Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. Sell-side analysts expect that Antero Resources will post -0.21 earnings per share for the current year.

Insider Transactions at Antero Resources

In related news, insider Yvette K. Schultz sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $25.24, for a total value of $1,262,000.00. Following the completion of the sale, the insider now owns 248,363 shares of the company’s stock, valued at approximately $6,268,682.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On Antero Resources

Several institutional investors and hedge funds have recently modified their holdings of AR. Vaughan Nelson Investment Management L.P. lifted its holdings in Antero Resources by 269.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 3,967,300 shares of the oil and natural gas company’s stock worth $129,453,000 after purchasing an additional 2,893,395 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Antero Resources by 33.7% in the fourth quarter. Wellington Management Group LLP now owns 10,537,261 shares of the oil and natural gas company’s stock worth $238,985,000 after buying an additional 2,655,604 shares during the last quarter. Natixis Advisors LLC boosted its holdings in shares of Antero Resources by 488.7% during the 2nd quarter. Natixis Advisors LLC now owns 1,428,864 shares of the oil and natural gas company’s stock worth $46,624,000 after buying an additional 1,186,163 shares during the period. Acadian Asset Management LLC grew its stake in Antero Resources by 7,781.2% in the 2nd quarter. Acadian Asset Management LLC now owns 953,859 shares of the oil and natural gas company’s stock valued at $31,113,000 after buying an additional 941,756 shares during the last quarter. Finally, William Blair Investment Management LLC bought a new position in Antero Resources in the 1st quarter worth $25,288,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

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.