Antero Resources (NYSE:AR) Upgraded to Buy at TD Cowen

TD Cowen upgraded shares of Antero Resources (NYSE:AR) from a hold rating to a buy rating in a report published on Tuesday, MarketBeat.com reports. TD Cowen currently has $46.00 price target on the oil and natural gas company’s stock, up from their previous price target of $40.00.

A number of other brokerages have also recently weighed in on AR. Truist Financial lifted their price target on shares of Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. upped their price target on shares of Antero Resources from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, March 13th. Williams Trading set a $48.00 price objective on Antero Resources in a research report on Wednesday, March 5th. Wells Fargo & Company upped their target price on Antero Resources from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 19th. Finally, Benchmark reiterated a “hold” rating on shares of Antero Resources in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.44.

Antero Resources Trading Down 8.4 %

Shares of AR opened at $31.96 on Tuesday. Antero Resources has a twelve month low of $24.53 and a twelve month high of $42.63. The firm has a market capitalization of $9.94 billion, a P/E ratio of 99.86 and a beta of 3.08. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21. The stock’s fifty day simple moving average is $37.87 and its 200 day simple moving average is $34.21.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. On average, equities research analysts forecast that Antero Resources will post 2.74 earnings per share for the current year.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the sale, the director now owns 1,800,000 shares in the company, valued at $71,568,000. This represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 6.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Antero Resources during the fourth quarter worth $140,020,000. Wellington Management Group LLP raised its holdings in shares of Antero Resources by 12.6% during the fourth quarter. Wellington Management Group LLP now owns 19,661,491 shares of the oil and natural gas company’s stock worth $689,135,000 after purchasing an additional 2,201,429 shares during the period. Castle Hook Partners LP bought a new position in shares of Antero Resources in the 4th quarter worth about $60,980,000. Dimensional Fund Advisors LP boosted its holdings in shares of Antero Resources by 12.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,829,263 shares of the oil and natural gas company’s stock valued at $414,628,000 after buying an additional 1,274,760 shares during the period. Finally, Webs Creek Capital Management LP bought a new stake in shares of Antero Resources during the 4th quarter valued at about $44,525,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

About Antero Resources

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.