Brokerages Set Antero Resources Co. (NYSE:AR) Target Price at $33.13

Antero Resources Co. (NYSE:AR) has been assigned an average recommendation of “Moderate Buy” from the seventeen brokerages that are covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $33.19.

A number of analysts have recently weighed in on the stock. Mizuho cut their price objective on shares of Antero Resources from $37.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. Morgan Stanley cut their price objective on shares of Antero Resources from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Roth Capital upgraded shares of Antero Resources to a “strong-buy” rating in a research note on Tuesday, August 27th. Wells Fargo & Company cut their price objective on shares of Antero Resources from $38.00 to $34.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 14th. Finally, Scotiabank upgraded shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $40.00 to $44.00 in a research report on Tuesday, August 20th.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, insider Yvette K. Schultz sold 50,000 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the transaction, the insider now directly owns 248,363 shares of the company’s stock, valued at $6,268,682.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On Antero Resources

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Antero Resources by 1.3% in the first quarter. Vanguard Group Inc. now owns 28,066,610 shares of the oil and natural gas company’s stock worth $813,932,000 after buying an additional 372,450 shares in 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 in the last quarter. Bank of New York Mellon Corp increased its position in Antero Resources by 11.6% during the first quarter. Bank of New York Mellon Corp now owns 8,840,690 shares of the oil and natural gas company’s stock worth $256,380,000 after purchasing an additional 917,338 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its position in Antero Resources by 269.4% during the second 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. Finally, Eagle Asset Management Inc. increased its position in Antero Resources by 9.3% during the fourth quarter. Eagle Asset Management Inc. now owns 3,340,434 shares of the oil and natural gas company’s stock worth $75,761,000 after purchasing an additional 285,485 shares during the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Antero Resources Trading Down 0.2 %

Shares of Antero Resources stock opened at $28.66 on Tuesday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. Antero Resources has a 12-month low of $20.10 and a 12-month high of $36.28. The firm has a market capitalization of $8.91 billion, a price-to-earnings ratio of 143.28 and a beta of 3.33. The firm’s 50 day simple moving average is $27.30 and its two-hundred day simple moving average is $30.29.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). The business had revenue of $978.65 million during the quarter, compared to analyst estimates of $980.20 million. Antero Resources had a return on equity of 0.45% and a net margin of 1.88%. Analysts predict that Antero Resources will post 0.02 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.