Antero Resources (NYSE:AR) Rating Increased to Sell at StockNews.com

Antero Resources (NYSE:AR) was upgraded by equities researchers at StockNews.com to a “sell” rating in a research note issued on Friday.

A number of other equities analysts have also recently commented on AR. Truist Financial decreased their target price on Antero Resources from $28.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, April 5th. Scotiabank raised their target price on Antero Resources from $26.00 to $36.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Mizuho raised their target price on Antero Resources from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Benchmark lowered Antero Resources from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Finally, Raymond James increased their price target on Antero Resources from $28.00 to $32.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $30.69.

Antero Resources Stock Performance

Shares of NYSE AR traded up $0.41 during midday trading on Friday, hitting $33.80. 7,789,999 shares of the stock traded hands, compared to its average volume of 4,921,097. Antero Resources has a one year low of $19.91 and a one year high of $34.24. The firm has a 50-day moving average of $27.65 and a two-hundred day moving average of $25.44. The firm has a market capitalization of $10.26 billion, a P/E ratio of 169.00 and a beta of 3.30. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.33 and a current ratio of 0.33.

Antero Resources (NYSE:AR) last announced its earnings results on Thursday, April 25th. The oil and natural gas company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Antero Resources had a return on equity of 0.18% and a net margin of 1.50%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the business posted $0.48 earnings per share. Antero Resources’s revenue for the quarter was down 20.3% compared to the same quarter last year. On average, equities analysts forecast that Antero Resources will post 0.33 EPS for the current fiscal year.

Insider Activity

In other news, Director W Howard Keenan, Jr. sold 206,978 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total transaction of $5,412,474.70. Following the completion of the transaction, the director now owns 3,793,022 shares in the company, valued at $99,187,525.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director W Howard Keenan, Jr. sold 232,293 shares of Antero Resources stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $25.85, for a total value of $6,004,774.05. Following the completion of the transaction, the director now owns 3,000,000 shares in the company, valued at $77,550,000. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director W Howard Keenan, Jr. sold 206,978 shares of Antero Resources stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total value of $5,412,474.70. Following the completion of the transaction, the director now owns 3,793,022 shares of the company’s stock, valued at approximately $99,187,525.30. The disclosure for this sale can be found here. Insiders sold a total of 467,280 shares of company stock worth $12,153,605 over the last 90 days. Corporate insiders own 5.95% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its position in Antero Resources by 1,311.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock worth $28,000 after acquiring an additional 892 shares in the last quarter. Mather Group LLC. purchased a new position in Antero Resources in the first quarter worth about $37,000. Lindbrook Capital LLC lifted its stake in Antero Resources by 81.5% in the fourth quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company’s stock worth $34,000 after purchasing an additional 664 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in Antero Resources in the third quarter worth about $47,000. Finally, Planned Solutions Inc. bought a new stake in Antero Resources in the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Company Profile

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.