Antero Resources (NYSE:AR) Upgraded to Overweight by Morgan Stanley

Morgan Stanley upgraded shares of Antero Resources (NYSE:AR) from an equal weight rating to an overweight rating in a research report released on Wednesday morning, Marketbeat reports. Morgan Stanley currently has $36.00 price objective on the oil and natural gas company’s stock, up from their previous price objective of $26.00.

A number of other equities analysts have also weighed in on AR. Truist Financial reduced their price objective on Antero Resources from $28.00 to $27.00 and set a hold rating for the company in a research note on Friday, April 5th. Scotiabank raised their target price on Antero Resources from $26.00 to $36.00 and gave the company a sector perform rating in a research report on Thursday, April 11th. Wells Fargo & Company raised their target price on Antero Resources from $26.00 to $29.00 and gave the company an overweight rating in a research report on Wednesday, February 21st. Tudor, Pickering, Holt & Co. upgraded Antero Resources from a hold rating to a buy rating and set a $32.00 target price on the stock in a research report on Wednesday, January 17th. Finally, Barclays started coverage on Antero Resources in a research report on Wednesday, April 10th. They set an equal weight rating and a $32.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $30.69.

Antero Resources Stock Performance

NYSE AR opened at $29.16 on Wednesday. The stock has a 50-day simple moving average of $26.56 and a two-hundred day simple moving average of $25.18. The firm has a market capitalization of $8.85 billion, a P/E ratio of 37.87 and a beta of 3.30. Antero Resources has a fifty-two week low of $19.91 and a fifty-two week high of $30.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.33 and a current ratio of 0.33.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. Antero Resources had a return on equity of 2.10% and a net margin of 5.19%. On average, equities analysts forecast that Antero Resources will post 0.25 earnings per share for the current year.

Insider Buying and Selling

In other Antero Resources news, Director W Howard Keenan, Jr. sold 232,293 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 3,000,000 shares of the company’s stock, valued at approximately $77,550,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Antero Resources news, Director W Howard Keenan, Jr. sold 232,293 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 3,000,000 shares of the company’s stock, valued at approximately $77,550,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Howard Keenan, Jr. sold 206,978 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total transaction of $5,412,474.70. Following the completion of the transaction, the director now directly owns 3,793,022 shares in the company, valued at $99,187,525.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 467,280 shares of company stock worth $12,153,605. Insiders own 5.95% of the company’s stock.

Institutional Trading of Antero Resources

Institutional investors have recently made changes to their positions in the company. Mather Group LLC. purchased a new stake in shares of Antero Resources during the 1st quarter valued at approximately $37,000. Lindbrook Capital LLC raised 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 period. Belpointe Asset Management LLC raised its position in shares of 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 buying an additional 1,027 shares during the period. Itau Unibanco Holding S.A. purchased a new stake in shares of Antero Resources during the 3rd quarter valued at approximately $47,000. Finally, Planned Solutions Inc. purchased a new stake in shares of Antero Resources during the 4th quarter valued at approximately $45,000. Hedge funds and other 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.