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

Antero Resources (NYSE:AR) was upgraded by investment analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a report released on Wednesday, Marketbeat reports. The brokerage currently has a $36.00 price objective on the oil and natural gas company’s stock, up from their prior price objective of $26.00. Morgan Stanley’s price target would suggest a potential upside of 23.08% from the stock’s previous close.

A number of other research firms have also commented on AR. Benchmark lowered Antero Resources from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Tudor, Pickering, Holt & Co. raised Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Wednesday, January 17th. JPMorgan Chase & Co. lifted their price target on Antero Resources from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, March 27th. Truist Financial decreased their price target 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. Finally, Scotiabank upped their price objective 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Antero Resources has a consensus rating of “Hold” and a consensus price target of $30.69.

Antero Resources Trading Up 0.4 %

NYSE:AR traded up $0.13 on Wednesday, hitting $29.25. 2,596,695 shares of the stock were exchanged, compared to its average volume of 4,774,547. The company’s 50-day moving average price is $26.41 and its 200 day moving average price is $25.15. Antero Resources has a 52 week low of $19.91 and a 52 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. The stock has a market capitalization of $8.88 billion, a price-to-earnings ratio of 38.31 and a beta of 3.30.

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

Insider Buying and Selling at Antero Resources

In related news, insider Sheri Pearce sold 28,009 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $26.29, for a total transaction of $736,356.61. Following the completion of the sale, the insider now directly owns 106,698 shares in the company, valued at $2,805,090.42. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director W Howard Keenan, Jr. sold 206,978 shares of Antero Resources stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $26.15, for a total value of $5,412,474.70. Following the completion of the transaction, the director now owns 3,793,022 shares in the company, valued at $99,187,525.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sheri Pearce sold 28,009 shares of Antero Resources stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total transaction of $736,356.61. Following the completion of the transaction, the insider now owns 106,698 shares of the company’s stock, valued at approximately $2,805,090.42. The disclosure for this sale can be found here. Insiders have sold a total of 467,280 shares of company stock valued at $12,153,605 over the last ninety days. Corporate insiders own 5.95% of the company’s stock.

Hedge Funds Weigh In On Antero Resources

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Antero Resources by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 27,694,160 shares of the oil and natural gas company’s stock worth $628,104,000 after purchasing an additional 173,378 shares in the last quarter. State Street Corp increased its stake in shares of Antero Resources by 4.9% during the 1st quarter. State Street Corp now owns 11,045,684 shares of the oil and natural gas company’s stock valued at $255,045,000 after acquiring an additional 519,552 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Antero Resources by 33.7% during the 4th quarter. Wellington Management Group LLP now owns 10,537,261 shares of the oil and natural gas company’s stock valued at $238,985,000 after acquiring an additional 2,655,604 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Antero Resources by 66.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,323,092 shares of the oil and natural gas company’s stock valued at $193,043,000 after acquiring an additional 2,517,137 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Antero Resources by 28.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,659,033 shares of the oil and natural gas company’s stock worth $128,352,000 after purchasing an additional 1,253,510 shares in the last quarter. 83.04% of the stock is 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.