Antero Resources (NYSE:AR) upgraded to “Hold” by StockNews.com
Antero Resources (NYSE:AR – Get a Rating) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report released Friday to clients and investors.
Other analysts have also recently published research reports on the company. TheStreet upgraded Antero Resources from a “c” rating to a “b-” rating in a Wednesday, July 27 research note. Benchmark raised its target price on Antero Resources from $37.00 to $50.00 in a Monday, April 11 research note. Mizuho lowered its price target on Antero Resources from $59.00 to $53.00 and set a “buy” rating on the stock in a Tuesday, July 19 research report. Morgan Stanley raised its price target on Antero Resources from $39.00 to $41.00 and gave the stock an “equal weight” rating in a Monday, June 6 research report. Finally, Scotiabank began covering Antero Resources in a research report on Wednesday. They issued a “sector performance” rating and a target price of $47.00 on the stock. Three equity research analysts gave the stock a hold rating, seven gave the stock a buy rating and one gave the stock a strong buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $46.00.
Antero Resources stock down 5.7%
AR shares opened at $35.75 on Friday. The stock’s 50-day simple moving average is $37.14 and its 200-day simple moving average is $31.25. The company has a debt ratio of 0.25, a quick ratio of 0.41 and a current ratio of 0.41. The company has a market capitalization of $10.94 billion, a PE ratio of 13.29 and a beta of 3.68. Antero Resources has a fifty-two week low of $10.91 and a fifty-two week high of $48.80.
Antero Resources (NYSE:AR – Get Rating) last reported quarterly earnings data on Wednesday, July 27. The oil and gas company reported earnings per share of $1.68 for the quarter, missing analyst consensus estimates of $1.93 per ($0.25). The company posted revenue of $2.20 billion in the quarter, versus analyst estimates of $1.82 billion. Antero Resources had a net margin of 16.24% and a return on equity of 19.52%. The company’s revenue for the quarter increased 352.0% year over year. In the same period a year earlier, the company posted earnings per share of $0.12. Stock analysts expect Antero Resources to post earnings per share of 6.78 for the current year.
Insider Activity at Antero Resources
In related news, director Robert J. Clark sold 5,000 shares of Antero Resources in a trade on Tuesday, July 26. The stock was sold at an average price of $40.17, for a total value of $200,850.00. Following completion of the transaction, the administrator now directly owns 71,227 shares of the company, valued at $2,861,188.59. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. In related news, director Robert J. Clark sold 5,000 shares of Antero Resources in a trade on Tuesday, July 26. The stock was sold at an average price of $40.17, for a total value of $200,850.00. Following completion of the transaction, the administrator now directly owns 71,227 shares of the company, valued at $2,861,188.59. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. Additionally, insider W Patrick Ash sold 36,701 shares of Antero Resources in a trade dated Monday, August 1. The stock was sold at an average price of $38.89, for a total value of $1,427,301.89. Following the sale, the insider now directly owns 870,270 shares of the company, valued at $33,844,800.30. The disclosure of this sale can be found here. In the past three months, insiders have sold 1,049,053 shares of the company worth $36,682,752. Insiders of the company hold 5.72% of the shares of the company.
Antero Institutional Resource Trade
Institutional investors have recently bought and sold shares of the company. Total Clarity Wealth Management Inc. acquired a new stake in shares of Antero Resources during the second quarter worth approximately $31,000. Riggs Asset Management Co. Inc. increased its position in Antero Resources shares by 63.5% during the second quarter. Riggs Asset Management Co. Inc. now owns 1,040 shares of the oil and gas company worth $32,000 after buying 404 more shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in Antero Resources shares by 2,307.7% during the first quarter. Steward Partners Investment Advisory LLC now owns 1,565 shares of the oil and gas company worth $48,000 after buying an additional 1,500 shares in the last quarter. Signaturefd LLC acquired a new stake in shares of Antero Resources during the first quarter worth approximately $49,000. Finally, Quent Capital LLC increased its position in shares of Antero Resources by 55.5% during the first quarter. Quent Capital LLC now owns 1,774 shares of the oil and gas company worth $54,000 after buying 633 additional shares in the last quarter. 76.27% of the shares are held by hedge funds and other institutional investors.
Antero Resources Company Profile
(Get a rating)
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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