Brokerages Set Antero Resources Corporation (NYSE:AR) Price Target at $50.06

Shares of Antero Resources Corporation (NYSE:AR) have been given an average rating of “Moderate Buy” by the nineteen ratings firms that are presently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and four have given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $50.0625.

Several research firms recently commented on AR. Weiss Ratings downgraded shares of Antero Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 28th. Benchmark upgraded shares of Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Thursday, March 5th. Zacks Research downgraded shares of Antero Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Citigroup upped their price objective on shares of Antero Resources from $39.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, March 31st. Finally, Barclays upped their price objective on shares of Antero Resources from $41.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Monday, March 16th.

Insiders Place Their Bets

In other Antero Resources news, insider Michael N. Kennedy sold 185,826 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $39.33, for a total transaction of $7,308,536.58. Following the completion of the transaction, the insider owned 1,085,192 shares in the company, valued at approximately $42,680,601.36. This represents a 14.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yvette K. Schultz sold 39,490 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $39.27, for a total transaction of $1,550,772.30. Following the transaction, the insider owned 277,665 shares of the company’s stock, valued at approximately $10,903,904.55. The trade was a 12.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 237,316 shares of company stock worth $9,387,309. 4.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Antero Resources

A number of large investors have recently bought and sold shares of the company. Annandale Capital LLC grew its stake in shares of Antero Resources by 0.4% during the 3rd quarter. Annandale Capital LLC now owns 73,754 shares of the oil and natural gas company’s stock worth $2,475,000 after purchasing an additional 300 shares during the period. Parallel Advisors LLC grew its stake in shares of Antero Resources by 16.7% during the 4th quarter. Parallel Advisors LLC now owns 2,108 shares of the oil and natural gas company’s stock worth $73,000 after purchasing an additional 301 shares during the period. Brooklyn Investment Group grew its stake in shares of Antero Resources by 2.0% during the 3rd quarter. Brooklyn Investment Group now owns 15,752 shares of the oil and natural gas company’s stock worth $529,000 after purchasing an additional 305 shares during the period. Uhlmann Price Securities LLC grew its stake in shares of Antero Resources by 2.2% during the 3rd quarter. Uhlmann Price Securities LLC now owns 15,125 shares of the oil and natural gas company’s stock worth $508,000 after purchasing an additional 325 shares during the period. Finally, Sequoia Financial Advisors LLC grew its stake in shares of Antero Resources by 4.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 8,506 shares of the oil and natural gas company’s stock worth $293,000 after purchasing an additional 343 shares during the period. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Stock Down 2.3%

Shares of NYSE:AR opened at $34.02 on Thursday. The company has a market capitalization of $10.54 billion, a PE ratio of 11.04 and a beta of 0.33. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.32. Antero Resources has a twelve month low of $29.10 and a twelve month high of $45.75. The firm has a 50 day simple moving average of $37.13 and a 200-day simple moving average of $36.48.

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.