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

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

Other equities research analysts have also recently issued research reports about the company. Benchmark upgraded Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Thursday, March 5th. Williams Trading set a $56.00 price target on shares of Antero Resources in a research note on Monday, April 20th. Mizuho lifted their price objective on shares of Antero Resources from $54.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday. Morgan Stanley lifted their price objective on shares of Antero Resources from $54.00 to $56.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Finally, Roth Mkm reissued a “neutral” rating and issued a $38.00 price objective on shares of Antero Resources in a research report on Thursday, April 30th. Five analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $50.38.

Antero Resources Stock Performance

AR opened at $35.15 on Thursday. The company has a market capitalization of $10.89 billion, a price-to-earnings ratio of 11.41 and a beta of 0.33. The business’s 50-day moving average price is $36.35 and its two-hundred day moving average price is $36.36. Antero Resources has a 1 year low of $29.10 and a 1 year high of $45.75. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.40 and a quick ratio of 0.40.

Insider Activity at Antero Resources

In other news, insider Yvette K. Schultz sold 39,490 shares of Antero Resources stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 277,665 shares in the company, valued at approximately $10,903,904.55. The trade was a 12.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael N. Kennedy sold 185,826 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $39.33, for a total value of $7,308,536.58. Following the transaction, the insider directly owned 1,085,192 shares in the company, valued at $42,680,601.36. The trade was a 14.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Antero Resources

Hedge funds have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. acquired a new position in shares of Antero Resources in the third quarter valued at $30,000. IFP Advisors Inc lifted its stake in shares of Antero Resources by 59.2% during the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock worth $31,000 after buying an additional 345 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Antero Resources during the 4th quarter worth about $41,000. Hilton Head Capital Partners LLC bought a new stake in shares of Antero Resources during the 4th quarter worth about $44,000. Finally, SBI Okasan Asset Management Co.Ltd. bought a new stake in shares of Antero Resources during the 4th quarter worth about $45,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

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.