Canaccord Genuity reaffirmed their average rating on shares of Antero Resources (NYSE:AR) in a research note issued to investors on Wednesday, June 26th, AnalystRatings.com reports. The brokerage currently has a $3.50 price target on the oil and natural gas company’s stock.
Several other research analysts also recently commented on the company. Capital One Financial upgraded Antero Resources from an underweight rating to an equal weight rating in a research note on Tuesday, June 18th. Macquarie started coverage on Antero Resources in a report on Wednesday, May 29th. They issued an underperform rating and a $5.50 price target on the stock. Goldman Sachs Group cut Encana to a buy rating in a report on Friday, April 12th. Stifel Nicolaus set a $17.00 price objective on Antero Resources and gave the company a buy rating in a report on Friday, March 22nd. Finally, Tudor Pickering cut Antero Resources from a buy rating to a hold rating in a report on Tuesday, March 19th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $13.48.
NYSE:AR traded down $0.03 during trading on Wednesday, reaching $4.72. The company’s stock had a trading volume of 11,134,347 shares, compared to its average volume of 7,140,266. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 6.13, a price-to-earnings-growth ratio of 0.50 and a beta of 0.74. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.43 and a current ratio of 0.43. The company has a 50 day simple moving average of $5.76. Antero Resources has a 12 month low of $4.57 and a 12 month high of $21.61.
In related news, insider Paul M. Rady purchased 7,200 shares of the business’s stock in a transaction on Friday, May 24th. The stock was acquired at an average price of $6.90 per share, with a total value of $49,680.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James R. Levy sold 16,094,190 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $6.17, for a total value of $99,301,152.30. Following the sale, the director now directly owns 116,214 shares of the company’s stock, valued at approximately $717,040.38. The disclosure for this sale can be found here. Insiders bought 48,050 shares of company stock valued at $330,062 in the last 90 days. Company insiders own 9.70% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc grew its stake in shares of Antero Resources by 1.9% during the 3rd quarter. Vanguard Group Inc now owns 20,711,509 shares of the oil and natural gas company’s stock worth $366,802,000 after acquiring an additional 379,572 shares during the period. TD Asset Management Inc. bought a new position in shares of Antero Resources during the 4th quarter worth $98,000. Canada Pension Plan Investment Board grew its stake in shares of Antero Resources by 1,760,330.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 176,043 shares of the oil and natural gas company’s stock worth $1,653,000 after acquiring an additional 176,033 shares during the period. Nissay Asset Management Corp Japan ADV grew its stake in shares of Antero Resources by 12.6% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 23,361 shares of the oil and natural gas company’s stock worth $219,000 after acquiring an additional 2,606 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of Antero Resources by 12.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 78,145 shares of the oil and natural gas company’s stock worth $734,000 after acquiring an additional 8,726 shares during the period. 95.13% of the stock is owned by hedge funds and other institutional investors.
Antero Resources Company Profile
Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.
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