Antero Resources (NYSE:AR) Price Target Raised to $42.00

Antero Resources (NYSE:AR) had its price target hoisted by Wells Fargo & Company from $40.00 to $42.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has an equal weight rating on the oil and natural gas company’s stock.

Several other brokerages have also recently commented on AR. Raymond James boosted their price target on Antero Resources from $44.00 to $60.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Citigroup increased their target price on shares of Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Mizuho boosted their price objective on shares of Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a report on Thursday, February 13th. Finally, Benchmark restated a “hold” rating on shares of Antero Resources in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $41.06.

Antero Resources Stock Down 0.7 %

NYSE:AR opened at $40.70 on Wednesday. Antero Resources has a 1-year low of $24.53 and a 1-year high of $41.53. The firm has a market capitalization of $12.66 billion, a price-to-earnings ratio of 127.18 and a beta of 3.38. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21. The business’s fifty day moving average price is $38.37 and its 200 day moving average price is $32.99.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. On average, sell-side analysts forecast that Antero Resources will post 2.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the completion of the transaction, the director now directly owns 1,800,000 shares in the company, valued at $71,568,000. This represents a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Antero Resources by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 29,574,973 shares of the oil and natural gas company’s stock worth $1,036,603,000 after acquiring an additional 214,060 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Antero Resources by 12.6% in the fourth quarter. Wellington Management Group LLP now owns 19,661,491 shares of the oil and natural gas company’s stock valued at $689,135,000 after buying an additional 2,201,429 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Antero Resources by 12.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,829,263 shares of the oil and natural gas company’s stock valued at $414,628,000 after buying an additional 1,274,760 shares in the last quarter. Sourcerock Group LLC increased its stake in shares of Antero Resources by 3.8% in the fourth quarter. Sourcerock Group LLC now owns 6,355,724 shares of the oil and natural gas company’s stock valued at $222,768,000 after buying an additional 231,068 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Antero Resources by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock valued at $139,054,000 after buying an additional 61,490 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

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.