Antero Resources Co. (NYSE:AR) receives an average “moderate buy” recommendation from analysts
Antero Resources Co. (NYSE:AR – Get Rating) received an average rating of “moderate buy” from the eleven analysts who currently cover the company, MarketBeat reports. Two equity research analysts rated the stock with a hold recommendation and five gave the company a buy recommendation. The 12-month average price target among analysts who have reported on the stock in the past year is $39.05.
Several equity research analysts have recently released reports on AR stocks. StockNews.com upgraded Antero Resources shares from a “sell” rating to a “hold” rating in a Thursday, June 16 research report. Wells Fargo & Company set a price target of $38.00 on shares of Antero Resources in a Wednesday, April 13 research report. Truist Financial raised its price target on Antero Resources shares from $24.00 to $40.00 in a Thursday, April 21 research report. Morgan Stanley raised its price target on Antero Resources shares from $39.00 to $41.00 and gave the company an “equal weight” rating in a Monday, June 6 report. Finally, Raymond James raised his price target on Antero Resources shares from $52.00 to $60.00 in a Thursday, June 16 report.
In related news, director Robert J. Clark sold 10,000 shares of the company in a trade that took place on Thursday, April 14. The shares were sold at an average price of $35.00, for a total value of $350,000.00. As a result of the transaction, the administrator now directly owns 74,615 shares of the company, valued at $2,611,525. The transaction was disclosed in a document filed with the SEC, which can be accessed on the SEC’s website. Additionally, Director W Howard Keenan, Jr. sold 1,000,000 shares of the company in a trade that took place on Wednesday, May 18. The stock was sold at an average price of $34.80, for a total transaction of $34,800,000.00. Following completion of the transaction, the administrator now owns 5,747,952 shares of the company, valued at $200,028,729.60. The disclosure of this sale can be found here. In the past three months, insiders have sold 1,027,352 shares of the company worth $35,704,600. Insiders own 9.73% of the shares of the company.
A number of hedge funds and other institutional investors have recently changed their holdings in the company. Vanguard Group Inc. increased its position in Antero Resources by 2.0% during the first quarter. Vanguard Group Inc. now owns 26,732,940 shares of the oil and gas company valued at $816,157,000 after acquiring an additional 513,300 shares in the last quarter. BlackRock Inc. increased its holdings of Antero Resources shares by 0.4% in the fourth quarter. BlackRock Inc. now owns 22,925,205 shares of the oil and gas company worth $401,189,000 after buying 94,788 additional shares in the last quarter. Goldman Sachs Group Inc. increased its holdings of Antero Resources shares by 66.1% in the first quarter. Goldman Sachs Group Inc. now owns 6,323,092 shares of the oil and gas company worth $193,043,000 after buying 2,517,137 more shares in the last quarter. Geode Capital Management LLC increased its holdings of Antero Resources shares by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 5,148,331 shares of the oil and gas company worth $90,095,000 after purchasing an additional 94,814 shares in the last quarter. Finally, PointState Capital LP bought a new position in shares of Antero Resources in the first quarter for a value of approximately $126,793,000. Institutional investors and hedge funds hold 76.27% of the company’s shares.
Antero Resources stock opened Wednesday at $34.71. The company has a market capitalization of $10.80 billion, a price-earnings ratio of -26.70 and a beta of 3.71. The company has a debt ratio of 0.34, a current ratio of 0.28 and a quick ratio of 0.28. Antero Resources has a fifty-two week low of $10.91 and a fifty-two week high of $48.80. The company has a fifty-day moving average price of $37.96 and a two-hundred-day moving average price of $27.72.
Antero Resources (NYSE:AR – Get Rating) last released its results on Wednesday, April 27. The oil and gas company reported earnings per share of $1.14 for the quarter, beating consensus analyst estimates of $1.05 by $0.09. Antero Resources posted a negative net margin of 7.80% and a positive return on equity of 10.73%. The company posted revenue of $786.84 million for the quarter, compared to $1.56 billion expected by analysts. In the same quarter a year earlier, the company posted earnings per share of $0.61. As a group, sell-side analysts expect Antero Resources to post earnings per share of 7.33 for the current year.
About Antero Resources (Get an assessment)
Antero Resources Corporation, an independent oil and gas company, acquires, explores, develops and produces natural gas, natural gas liquids and petroleum 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 Upper Devonian Shale.
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