Antero Resources (NYSE:AR) Rating Increased to Strong-Buy at Roth Capital

Antero Resources (NYSE:AR) was upgraded by investment analysts at Roth Capital to a “strong-buy” rating in a research note issued to investors on Tuesday, Zacks.com reports.

A number of other equities research analysts also recently commented on the company. Scotiabank raised Antero Resources from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $40.00 to $44.00 in a report on Tuesday, August 20th. Jefferies Financial Group boosted their price target on Antero Resources from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Wells Fargo & Company dropped their price objective on Antero Resources from $38.00 to $34.00 and set an “overweight” rating for the company in a research note on Wednesday, August 14th. The Goldman Sachs Group upped their target price on Antero Resources from $32.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Finally, Roth Mkm started coverage on shares of Antero Resources in a research note on Tuesday. They issued a “buy” rating and a $32.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.57.

Antero Resources Stock Down 0.1 %

Antero Resources stock opened at $26.56 on Tuesday. The stock has a 50 day moving average of $29.76 and a two-hundred day moving average of $29.97. Antero Resources has a twelve month low of $20.10 and a twelve month high of $36.28. The stock has a market capitalization of $8.25 billion, a price-to-earnings ratio of 132.78 and a beta of 3.40. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22.

Antero Resources (NYSE:AR) last posted its quarterly earnings data on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). The firm had revenue of $978.65 million during the quarter, compared to analysts’ expectations of $980.20 million. Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. As a group, research analysts expect that Antero Resources will post 0.42 earnings per share for the current year.

Insider Transactions at Antero Resources

In related news, insider Yvette K. Schultz sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $25.24, for a total value of $1,262,000.00. Following the transaction, the insider now owns 248,363 shares in the company, valued at $6,268,682.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On Antero Resources

A number of institutional investors and hedge funds have recently bought and sold shares of AR. Vaughan Nelson Investment Management L.P. raised its position in shares of Antero Resources by 269.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 3,967,300 shares of the oil and natural gas company’s stock valued at $129,453,000 after purchasing an additional 2,893,395 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Antero Resources by 33.7% in the 4th quarter. Wellington Management Group LLP now owns 10,537,261 shares of the oil and natural gas company’s stock valued at $238,985,000 after acquiring an additional 2,655,604 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Antero Resources by 28.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,659,033 shares of the oil and natural gas company’s stock worth $128,352,000 after purchasing an additional 1,253,510 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new position in Antero Resources in the first quarter worth $35,734,000. Finally, Natixis Advisors LLC lifted its position in shares of Antero Resources by 488.7% in the 2nd quarter. Natixis Advisors LLC now owns 1,428,864 shares of the oil and natural gas company’s stock worth $46,624,000 after buying an additional 1,186,163 shares during the last quarter. 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.