Antero Resources (NYSE:AR) Stock Rating Reaffirmed by Raymond James

Raymond James reissued their maintains rating on shares of Antero Resources (NYSE:ARGet Rating) in a research report report published on Tuesday, Benzinga reports.

Other equities research analysts have also issued research reports about the stock. StockNews.com upgraded shares of Antero Resources from a sell rating to a hold rating in a report on Thursday, June 16th. Mizuho lowered their target price on shares of Antero Resources from $59.00 to $53.00 and set a buy rating for the company in a report on Tuesday, July 19th. Morgan Stanley raised their target price on shares of Antero Resources from $39.00 to $41.00 and gave the stock an equal weight rating in a report on Monday, June 6th. Benchmark lifted their price objective on shares of Antero Resources from $37.00 to $50.00 in a report on Monday, April 11th. Finally, Truist Financial lifted their price objective on shares of Antero Resources from $50.00 to $58.00 and gave the company a buy rating in a report on Tuesday, July 19th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $45.89.

Antero Resources Price Performance

Shares of NYSE AR traded down $0.46 during midday trading on Tuesday, reaching $39.43. The stock had a trading volume of 214,565 shares, compared to its average volume of 7,119,644. The stock has a 50-day moving average of $37.25 and a 200-day moving average of $30.49. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market capitalization of $12.27 billion, a price-to-earnings ratio of -29.61 and a beta of 3.71. Antero Resources has a 12-month low of $10.91 and a 12-month high of $48.80.

Antero Resources (NYSE:ARGet Rating) last posted its earnings results on Wednesday, April 27th. The oil and natural gas company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.09. Antero Resources had a negative net margin of 7.80% and a positive return on equity of 10.73%. The company had revenue of $786.84 million during the quarter, compared to analysts’ expectations of $1.56 billion. During the same period last year, the company posted $0.61 earnings per share. As a group, research analysts anticipate that Antero Resources will post 6.86 EPS for the current fiscal year.

Insider Buying and Selling at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 1,000,000 shares of Antero Resources stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $34.80, for a total value of $34,800,000.00. Following the transaction, the director now owns 5,747,952 shares of the company’s stock, valued at approximately $200,028,729.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Sheri Pearce sold 7,352 shares of Antero Resources stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $34.63, for a total value of $254,599.76. Following the completion of the sale, the insider now directly owns 80,858 shares in the company, valued at approximately $2,800,112.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Howard Keenan, Jr. sold 1,000,000 shares of Antero Resources stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $34.80, for a total transaction of $34,800,000.00. Following the completion of the sale, the director now owns 5,747,952 shares of the company’s stock, valued at $200,028,729.60. The disclosure for this sale can be found here. Insiders own 5.72% of the company’s stock.

Institutional Trading of Antero Resources

A number of institutional investors have recently bought and sold shares of the stock. HighTower Trust Services LTA acquired a new stake in Antero Resources during the 2nd quarter valued at approximately $273,000. Steward Partners Investment Advisory LLC lifted its stake in Antero Resources by 2,307.7% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 1,565 shares of the oil and natural gas company’s stock valued at $48,000 after acquiring an additional 1,500 shares during the period. Signaturefd LLC acquired a new stake in Antero Resources during the 1st quarter valued at approximately $49,000. Quent Capital LLC lifted its stake in Antero Resources by 55.5% during the 1st quarter. Quent Capital LLC now owns 1,774 shares of the oil and natural gas company’s stock valued at $54,000 after acquiring an additional 633 shares during the period. Finally, Ten Capital Wealth Advisors LLC acquired a new stake in Antero Resources during the 4th quarter valued at approximately $35,000. 76.27% of the stock is currently owned by institutional investors and hedge funds.

About Antero Resources

(Get Rating)

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil 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 the Upper Devonian Shale.

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