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

Antero Resources (NYSE:AR) had its target price lifted by Wells Fargo & Company from $40.00 to $42.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the oil and natural gas company’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 2.54% from the company’s current price.

Several other brokerages have also recently issued reports on AR. Citigroup increased their price objective on Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Benchmark reiterated a “hold” rating on shares of Antero Resources in a research note on Friday, January 17th. Williams Trading set a $48.00 price objective on Antero Resources in a research note on Wednesday, March 5th. Truist Financial raised their price target on Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Finally, The Goldman Sachs Group raised their price target on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $41.06.

Antero Resources Stock Down 0.1 %

NYSE:AR opened at $40.96 on Wednesday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21. The stock’s fifty day moving average is $38.33 and its two-hundred day moving average is $32.89. Antero Resources has a 52 week low of $24.53 and a 52 week high of $41.53. The stock has a market capitalization of $12.75 billion, a price-to-earnings ratio of 128.00 and a beta of 3.38.

Antero Resources (NYSE:AR) last announced its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. Research analysts anticipate that Antero Resources will post 2.74 EPS for the current year.

Insiders Place Their Bets

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 1,800,000 shares of the company’s stock, valued at $71,568,000. This trade represents a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On Antero Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital A Wealth Management LLC purchased a new position in shares of Antero Resources during the fourth quarter worth about $35,000. GF Fund Management CO. LTD. purchased a new position in shares of Antero Resources during the fourth quarter worth about $3,112,000. Public Employees Retirement System of Ohio grew its holdings in shares of Antero Resources by 53.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 161,912 shares of the oil and natural gas company’s stock worth $5,675,000 after buying an additional 56,561 shares during the last quarter. Neo Ivy Capital Management purchased a new position in shares of Antero Resources during the fourth quarter worth about $81,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Antero Resources by 4.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 547,243 shares of the oil and natural gas company’s stock worth $19,181,000 after buying an additional 25,536 shares during the last quarter. 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.