Antero Resources (NYSE:AR) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Antero Resources (NYSE:AR) had its target price increased by Wells Fargo & Company from $40.00 to $42.00 in a research note released on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the oil and natural gas company’s stock.

Several other research firms have also recently commented on AR. Raymond James boosted their target price on Antero Resources from $44.00 to $60.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Truist Financial boosted their price objective on shares of Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. StockNews.com raised shares of Antero Resources to a “sell” rating in a research report on Thursday, February 13th. UBS Group boosted their price target on shares of Antero Resources from $39.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Finally, Williams Trading set a $48.00 price objective on Antero Resources in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Antero Resources currently has a consensus rating of “Moderate Buy” and an average price target of $41.06.

Antero Resources Stock Down 0.7 %

Shares of AR stock opened at $40.70 on Wednesday. Antero Resources has a 12-month low of $24.53 and a 12-month high of $41.53. 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 firm has a fifty day moving average of $38.37 and a 200-day moving average of $32.99. The company has a market capitalization of $12.66 billion, a price-to-earnings ratio of 127.18 and a beta of 3.38.

Antero Resources (NYSE:AR) last released its earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. As a group, equities research analysts predict that Antero Resources will post 2.74 earnings per share for the current fiscal year.

Insider Activity at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total value of $7,952,000.00. Following the sale, the director now owns 1,800,000 shares in the company, valued at approximately $71,568,000. This represents a 10.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Antero Resources

A number of large investors have recently added to or reduced their stakes in AR. Raymond James Financial Inc. bought a new stake in Antero Resources in the 4th quarter valued at $140,020,000. Wellington Management Group LLP raised its stake in Antero Resources by 12.6% in the 4th quarter. Wellington Management Group LLP now owns 19,661,491 shares of the oil and natural gas company’s stock valued at $689,135,000 after acquiring an additional 2,201,429 shares during the period. Castle Hook Partners LP bought a new position in Antero Resources during the 4th quarter worth $60,980,000. Dimensional Fund Advisors LP increased its position in Antero Resources by 12.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,829,263 shares of the oil and natural gas company’s stock worth $414,628,000 after buying an additional 1,274,760 shares during the period. Finally, Webs Creek Capital Management LP bought a new position in Antero Resources during the 4th quarter worth $44,525,000. Institutional investors own 83.04% of the company’s stock.

About Antero Resources

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.