Antero Resources (NYSE:AR) Price Target Raised to $32.00 at JPMorgan Chase & Co.

Antero Resources (NYSE:AR) had its price target raised by JPMorgan Chase & Co. from $30.00 to $32.00 in a report published on Wednesday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the oil and natural gas company’s stock.

Other equities analysts have also issued research reports about the stock. Benchmark lowered shares of Antero Resources from a buy rating to a hold rating in a report on Thursday, February 22nd. Mizuho lifted their target price on shares of Antero Resources from $27.00 to $28.00 and gave the company a neutral rating in a report on Friday, March 15th. Wells Fargo & Company lifted their target price on shares of Antero Resources from $26.00 to $29.00 and gave the company an overweight rating in a report on Wednesday, February 21st. Tudor, Pickering, Holt & Co. upgraded shares of Antero Resources from a hold rating to a buy rating and set a $32.00 target price on the stock in a report on Wednesday, January 17th. Finally, Truist Financial boosted their price objective on shares of Antero Resources from $27.00 to $28.00 and gave the stock a hold rating in a report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $29.09.

Antero Resources Stock Up 5.2 %

Shares of AR opened at $28.73 on Wednesday. The firm has a market cap of $8.72 billion, a PE ratio of 37.31 and a beta of 3.30. The company’s fifty day moving average is $24.34 and its two-hundred day moving average is $24.77. Antero Resources has a fifty-two week low of $19.91 and a fifty-two week high of $30.90. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR) last posted its earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.04. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.17 billion. Antero Resources had a net margin of 5.19% and a return on equity of 2.10%. Analysts forecast that Antero Resources will post 0.66 earnings per share for the current year.

Insider Transactions at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 232,293 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $25.85, for a total value of $6,004,774.05. Following the completion of the sale, the director now owns 3,000,000 shares of the company’s stock, valued at approximately $77,550,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director W Howard Keenan, Jr. sold 232,293 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $25.85, for a total value of $6,004,774.05. Following the completion of the sale, the director now owns 3,000,000 shares of the company’s stock, valued at approximately $77,550,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sheri Pearce sold 28,009 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total transaction of $736,356.61. Following the completion of the sale, the insider now directly owns 106,698 shares of the company’s stock, valued at approximately $2,805,090.42. The disclosure for this sale can be found here. In the last 90 days, insiders sold 467,280 shares of company stock valued at $12,153,605. Insiders own 5.95% of the company’s stock.

Institutional Investors Weigh In On Antero Resources

A number of institutional investors have recently modified their holdings of AR. Lindbrook Capital LLC grew its position in shares of Antero Resources by 81.5% during the 4th quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company’s stock valued at $34,000 after buying an additional 664 shares during the last quarter. Belpointe Asset Management LLC boosted its stake in Antero Resources by 195.2% during the 1st quarter. Belpointe Asset Management LLC now owns 1,553 shares of the oil and natural gas company’s stock valued at $36,000 after purchasing an additional 1,027 shares during the period. Planned Solutions Inc. acquired a new position in Antero Resources during the 4th quarter valued at about $45,000. Itau Unibanco Holding S.A. acquired a new position in Antero Resources during the 3rd quarter valued at about $47,000. Finally, Quadrant Capital Group LLC boosted its stake in Antero Resources by 28.0% during the 4th quarter. Quadrant Capital Group LLC now owns 2,752 shares of the oil and natural gas company’s stock valued at $62,000 after purchasing an additional 602 shares during the period. 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.