Antero Resources (NYSE:AR) Price Target Raised to $43.00 at Wells Fargo & Company

Antero Resources (NYSE:ARFree Report) had its price objective increased by Wells Fargo & Company from $35.00 to $43.00 in a report issued on Tuesday morning, Benzinga reports. They currently have an overweight rating on the oil and natural gas company’s stock.

A number of other research analysts also recently commented on the stock. Morgan Stanley raised shares of Antero Resources from an equal weight rating to an overweight rating and increased their price target for the company from $26.00 to $36.00 in a report on Wednesday, April 17th. Mizuho lifted their price objective on shares of Antero Resources from $28.00 to $29.00 and gave the stock a neutral rating in a research note on Wednesday, April 3rd. Truist Financial lowered their target price on shares of Antero Resources from $28.00 to $27.00 and set a hold rating for the company in a report on Friday, April 5th. Tudor, Pickering, Holt & Co. upgraded shares of Antero Resources from a hold rating to a buy rating and set a $32.00 price target on the stock in a report on Wednesday, January 17th. Finally, Raymond James raised their price objective on shares of Antero Resources from $28.00 to $32.00 and gave the stock a strong-buy rating in a research note on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $32.08.

Read Our Latest Report on AR

Antero Resources Price Performance

NYSE:AR opened at $32.65 on Tuesday. The company has a current ratio of 0.29, a quick ratio of 0.29 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 $34.69. The business’s 50-day moving average is $28.41 and its 200 day moving average is $25.60. The company has a market capitalization of $10.15 billion, a P/E ratio of 163.25 and a beta of 3.27.

Antero Resources (NYSE:ARGet Free Report) 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 analysts’ consensus estimates of $0.18 by $0.04. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. On average, equities research analysts forecast that Antero Resources will post 0.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director W Howard Keenan, Jr. sold 232,293 shares of Antero Resources stock in a transaction on Thursday, March 14th. The stock was 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 in the company, valued at approximately $77,550,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director W Howard Keenan, Jr. sold 232,293 shares of Antero Resources 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 owns 3,000,000 shares of the company’s stock, valued at approximately $77,550,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director W Howard Keenan, Jr. sold 206,978 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $26.15, for a total transaction of $5,412,474.70. Following the sale, the director now directly owns 3,793,022 shares of the company’s stock, valued at approximately $99,187,525.30. The disclosure for this sale can be found here. Insiders have sold a total of 477,280 shares of company stock worth $12,490,305 in the last three months. Corporate insiders own 5.95% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hartree Partners LP acquired a new stake in Antero Resources in the 1st quarter worth approximately $1,102,000. Daiwa Securities Group Inc. acquired a new stake in shares of Antero Resources during the first quarter worth $1,802,000. Quent Capital LLC lifted its stake in shares of Antero Resources by 102.0% during the first quarter. Quent Capital LLC now owns 5,045 shares of the oil and natural gas company’s stock worth $146,000 after buying an additional 2,547 shares during the period. Capstone Investment Advisors LLC grew its holdings in shares of Antero Resources by 42.0% during the first quarter. Capstone Investment Advisors LLC now owns 17,920 shares of the oil and natural gas company’s stock valued at $520,000 after buying an additional 5,302 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Antero Resources in the 1st quarter valued at $322,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

About Antero Resources

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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.

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