Antero Resources Corporation (NYSE:AR) Receives $45.60 Average Target Price from Brokerages

Shares of Antero Resources Corporation (NYSE:ARGet Free Report) have been given an average rating of “Moderate Buy” by the eighteen analysts that are presently covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $45.60.

AR has been the topic of several recent research reports. Wall Street Zen downgraded shares of Antero Resources from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Zacks Research upgraded shares of Antero Resources from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Mizuho set a $47.00 price objective on shares of Antero Resources in a report on Friday, December 12th. Wells Fargo & Company lifted their price objective on shares of Antero Resources from $39.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, December 12th. Finally, Barclays lowered their target price on shares of Antero Resources from $46.00 to $41.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 21st.

Check Out Our Latest Analysis on AR

Antero Resources Stock Performance

NYSE:AR opened at $33.82 on Friday. The company has a market capitalization of $10.43 billion, a P/E ratio of 16.74 and a beta of 0.55. The business has a fifty day simple moving average of $34.12 and a two-hundred day simple moving average of $33.36. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.31 and a quick ratio of 0.31. Antero Resources has a 1 year low of $29.10 and a 1 year high of $44.01.

Antero Resources (NYSE:ARGet Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The oil and natural gas company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.13. Antero Resources had a return on equity of 6.76% and a net margin of 12.02%.The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the prior year, the firm earned $0.48 EPS. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. On average, analysts expect that Antero Resources will post 2.74 earnings per share for the current year.

Key Headlines Impacting Antero Resources

Here are the key news stories impacting Antero Resources this week:

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AR. CIBC Bancorp USA Inc. purchased a new position in Antero Resources during the 3rd quarter valued at about $77,294,000. Massachusetts Financial Services Co. MA boosted its position in shares of Antero Resources by 111.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,988,300 shares of the oil and natural gas company’s stock valued at $137,437,000 after acquiring an additional 2,099,755 shares during the period. AQR Capital Management LLC grew its stake in Antero Resources by 140.2% during the third quarter. AQR Capital Management LLC now owns 3,467,536 shares of the oil and natural gas company’s stock valued at $116,371,000 after acquiring an additional 2,023,828 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Antero Resources by 31.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,970,390 shares of the oil and natural gas company’s stock worth $267,485,000 after acquiring an additional 1,922,977 shares during the period. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in Antero Resources in the 4th quarter worth approximately $58,831,000. Institutional investors own 83.04% of the company’s stock.

Antero Resources Company Profile

(Get Free Report)

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.

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Analyst Recommendations for Antero Resources (NYSE:AR)

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