Antero Resources (NYSE:AR) PT Raised to $27.00

Antero Resources (NYSE:AR) had its price objective lifted by stock analysts at Morgan Stanley from $26.00 to $27.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the oil and natural gas company’s stock. Morgan Stanley’s price target points to a potential downside of 7.28% from the company’s current price.

A number of other equities analysts have also recently weighed in on the company. Mizuho upped their price target on Antero Resources from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Raymond James upped their price target on Antero Resources from $28.00 to $32.00 and gave the stock a “strong-buy” rating in a report on Wednesday, January 24th. Tudor, Pickering, Holt & Co. raised Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Wednesday, January 17th. Truist Financial reduced their price target on Antero Resources from $28.00 to $27.00 and set a “hold” rating for the company in a report on Friday, April 5th. Finally, Scotiabank upped their price target on Antero Resources from $26.00 to $36.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $30.00.

Antero Resources Trading Up 0.4 %

AR opened at $29.12 on Monday. The firm has a market cap of $8.84 billion, a price-to-earnings ratio of 37.82 and a beta of 3.30. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.21. Antero Resources has a 12 month low of $19.91 and a 12 month high of $30.90. The stock has a fifty day moving average price of $26.41 and a 200-day moving average price of $25.15.

Antero Resources (NYSE:AR) last posted its quarterly 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 the consensus estimate of $1.17 billion. Antero Resources had a return on equity of 2.10% and a net margin of 5.19%. As a group, equities research analysts anticipate that Antero Resources will post 0.25 earnings per share for the current fiscal year.

Insider Transactions at Antero Resources

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

Institutional Trading of Antero Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in AR. Vanguard Group Inc. grew its holdings in shares of Antero Resources by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 27,694,160 shares of the oil and natural gas company’s stock worth $628,104,000 after buying an additional 173,378 shares during the last quarter. State Street Corp boosted its stake in shares of Antero Resources by 4.9% during the 1st quarter. State Street Corp now owns 11,045,684 shares of the oil and natural gas company’s stock worth $255,045,000 after purchasing an additional 519,552 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Antero Resources by 33.7% during the 4th quarter. Wellington Management Group LLP now owns 10,537,261 shares of the oil and natural gas company’s stock worth $238,985,000 after purchasing an additional 2,655,604 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Antero Resources by 66.1% in the first quarter. Goldman Sachs Group Inc. now owns 6,323,092 shares of the oil and natural gas company’s stock worth $193,043,000 after acquiring an additional 2,517,137 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Antero Resources by 28.5% in 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 acquiring an additional 1,253,510 shares during the last quarter. Institutional investors and hedge funds 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.