Antero Resources (NYSE:AR) Upgraded to Strong-Buy at Truist Financial

Antero Resources (NYSE:AR) was upgraded by Truist Financial to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Several other research firms have also commented on AR. TD Cowen raised shares of Antero Resources to a “strong-buy” rating in a research report on Monday, February 9th. UBS Group raised their price objective on shares of Antero Resources from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Roth Mkm restated a “neutral” rating and set a $36.00 target price on shares of Antero Resources in a research report on Monday, December 8th. Barclays upped their target price on shares of Antero Resources from $41.00 to $43.00 and gave the company an “equal weight” rating in a report on Monday, March 16th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $39.00 price target (down from $44.00) on shares of Antero Resources in a research report on Monday, December 8th. Five analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $46.63.

Antero Resources Stock Performance

AR stock opened at $43.39 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.55 and a quick ratio of 0.55. Antero Resources has a 1 year low of $29.10 and a 1 year high of $44.37. The company has a market cap of $13.39 billion, a P/E ratio of 21.48 and a beta of 0.52. The stock’s fifty day moving average price is $36.24 and its 200-day moving average price is $34.53.

Antero Resources (NYSE:AR) last posted its quarterly earnings data 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. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Antero Resources had a return on equity of 6.71% and a net margin of 12.02%.Antero Resources’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 earnings per share. On average, equities analysts forecast that Antero Resources will post 2.74 earnings per share for the current year.

Insider Transactions at Antero Resources

In other news, insider Yvette K. Schultz sold 15,000 shares of Antero Resources stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $39.33, for a total transaction of $589,950.00. Following the transaction, the insider directly owned 319,122 shares of the company’s stock, valued at $12,551,068.26. The trade was a 4.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Benjamin A. Hardesty sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $44.00, for a total value of $528,000.00. Following the transaction, the director owned 150,242 shares of the company’s stock, valued at approximately $6,610,648. This trade represents a 7.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 6.30% of the stock is owned by insiders.

Institutional Trading of Antero Resources

Hedge funds and other institutional investors have recently modified their holdings of the company. Stephens Investment Management Group LLC increased its stake in Antero Resources by 4.5% in the 3rd quarter. Stephens Investment Management Group LLC now owns 1,185,601 shares of the oil and natural gas company’s stock worth $39,789,000 after buying an additional 51,126 shares in the last quarter. Goodman Financial Corp bought a new stake in Antero Resources during the third quarter valued at about $14,791,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Antero Resources by 103.8% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 436,476 shares of the oil and natural gas company’s stock valued at $14,648,000 after acquiring an additional 222,311 shares in the last quarter. Edgestream Partners L.P. purchased a new position in shares of Antero Resources in the second quarter valued at about $3,015,000. Finally, Diamond Hill Capital Management Inc. boosted its stake in shares of Antero Resources by 43.4% in the third quarter. Diamond Hill Capital Management Inc. now owns 595,608 shares of the oil and natural gas company’s stock worth $19,989,000 after acquiring an additional 180,390 shares during the period. 83.04% of the stock is owned by hedge funds and other institutional investors.

About Antero Resources

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.