Analysts Set Antero Resources Corp (AR) PT at $19.05
Antero Resources Corp (NYSE:AR) has been given a consensus recommendation of “Hold” by the fifteen analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $19.05.
Several brokerages recently issued reports on AR. MKM Partners began coverage on Antero Resources in a research note on Wednesday, December 5th. They issued a “buy” rating and a $17.00 price objective on the stock. ValuEngine cut Antero Resources from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 15th. Scotiabank reissued a “hold” rating and issued a $18.00 price objective on shares of Antero Resources in a research note on Thursday, February 14th. TD Securities dropped their price objective on Antero Resources from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, December 19th. Finally, Zacks Investment Research cut Antero Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, December 11th.
AR stock traded down $0.29 during midday trading on Friday, reaching $8.29. 1,855,701 shares of the company traded hands, compared to its average volume of 6,452,411. Antero Resources has a 52-week low of $7.63 and a 52-week high of $22.69. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $2.65 billion, a PE ratio of 10.76, a price-to-earnings-growth ratio of 13.62 and a beta of 0.98.
In other Antero Resources news, insider Paul M. Rady acquired 12,239 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was purchased at an average price of $8.34 per share, for a total transaction of $102,073.26. Following the acquisition, the insider now owns 9,579,520 shares in the company, valued at approximately $79,893,196.80. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 9.40% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Sterling Investment Advisors Ltd. lifted its holdings in shares of Antero Resources by 50.0% during the 4th quarter. Sterling Investment Advisors Ltd. now owns 3,000 shares of the oil and natural gas company’s stock valued at $28,000 after purchasing an additional 1,000 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in shares of Antero Resources during the 4th quarter valued at $45,000. Financial Architects Inc purchased a new stake in shares of Antero Resources during the 4th quarter valued at $56,000. Oregon Public Employees Retirement Fund raised its stake in Antero Resources by 957.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 733,782 shares of the oil and natural gas company’s stock worth $78,000 after acquiring an additional 664,363 shares during the last quarter. Finally, TD Asset Management Inc. purchased a new position in Antero Resources in the 4th quarter worth $98,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.
Antero Resources Company Profile
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, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.
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