Antero Resources (NYSE:AR) Price Target Raised to $43.00

Antero Resources (NYSE:AR) had its target price lifted by Barclays from $41.00 to $43.00 in a research report released on Monday morning,Benzinga reports. They currently have an equal weight rating on the oil and natural gas company’s stock.

Several other brokerages also recently commented on AR. Mizuho set a $47.00 price objective on shares of Antero Resources in a research note on Friday, December 12th. TD Cowen raised Antero Resources to a “strong-buy” rating in a research note on Monday, February 9th. JPMorgan Chase & Co. restated a “neutral” rating and set a $39.00 price target (down from $44.00) on shares of Antero Resources in a report on Monday, December 8th. BMO Capital Markets upped their price target on Antero Resources from $37.00 to $40.00 and gave the company a “market perform” rating in a research report on Tuesday, December 9th. Finally, Bank of America increased their price objective on Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Four research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $46.00.

Antero Resources Stock Up 0.9%

Shares of Antero Resources stock opened at $41.52 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.55 and a current ratio of 0.55. Antero Resources has a 52-week low of $29.10 and a 52-week high of $44.01. The company’s 50 day moving average price is $35.36 and its 200-day moving average price is $34.20. The stock has a market capitalization of $12.81 billion, a price-to-earnings ratio of 20.55 and a beta of 0.52.

Antero Resources (NYSE:AR) last posted its quarterly earnings results on Wednesday, February 11th. The oil and natural gas company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.13. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.33 billion. Antero Resources had a net margin of 12.02% and a return on equity of 6.71%. The firm’s revenue was up 20.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.48 EPS. Equities research analysts forecast that Antero Resources will post 2.74 EPS for the current year.

Insider Buying and Selling at Antero Resources

In related news, insider Yvette K. Schultz sold 15,000 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $39.33, for a total transaction of $589,950.00. Following the transaction, the insider owned 319,122 shares in the company, valued at $12,551,068.26. The trade was a 4.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.30% of the company’s stock.

Institutional Trading of Antero Resources

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Antero Resources by 1.2% in the second quarter. Vanguard Group Inc. now owns 29,797,653 shares of the oil and natural gas company’s stock worth $1,200,249,000 after purchasing an additional 350,018 shares during the period. State Street Corp grew its position in shares of Antero Resources by 1.2% in the 3rd quarter. State Street Corp now owns 10,171,885 shares of the oil and natural gas company’s stock worth $341,368,000 after buying an additional 116,461 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Antero Resources by 14.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,085,648 shares of the oil and natural gas company’s stock worth $313,106,000 after buying an additional 1,115,258 shares during the period. Sourcerock Group LLC increased its stake in shares of Antero Resources by 10.6% in the 2nd quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company’s stock worth $328,529,000 after acquiring an additional 783,117 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Antero Resources by 18.4% in the 2nd quarter. Invesco Ltd. now owns 5,258,305 shares of the oil and natural gas company’s stock worth $211,805,000 after acquiring an additional 817,977 shares in the last quarter. 83.04% of the stock is owned by institutional investors.

About Antero Resources

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.