Antero Resources (NYSE:AR) Price Target Raised to $47.00 at JPMorgan Chase & Co.

Antero Resources (NYSE:AR) had its price target boosted by analysts at JPMorgan Chase & Co. from $45.00 to $47.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the oil and natural gas company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 24.91% from the stock’s previous close.

Several other analysts have also recently weighed in on AR. Benchmark reaffirmed a “hold” rating on shares of Antero Resources in a research note on Friday, January 17th. Mizuho upped their price objective on shares of Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Wells Fargo & Company raised shares of Antero Resources from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $24.00 to $32.00 in a research note on Tuesday, December 17th. Barclays increased their price target on shares of Antero Resources from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Finally, UBS Group increased their price target on shares of Antero Resources from $39.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $40.47.

Antero Resources Price Performance

Shares of Antero Resources stock opened at $37.63 on Thursday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $11.71 billion, a price-to-earnings ratio of 117.59 and a beta of 3.38. Antero Resources has a 1-year low of $24.53 and a 1-year high of $41.53. The firm’s 50-day moving average price is $38.03 and its two-hundred day moving average price is $32.45.

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

Insiders Place Their Bets

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of Antero Resources stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the transaction, the director now directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company 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 company. Oregon Public Employees Retirement Fund lifted its position in Antero Resources by 0.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 59,482 shares of the oil and natural gas company’s stock valued at $2,085,000 after acquiring an additional 300 shares in the last quarter. Cetera Investment Advisers lifted its position in Antero Resources by 2.3% in the 4th quarter. Cetera Investment Advisers now owns 14,060 shares of the oil and natural gas company’s stock valued at $493,000 after acquiring an additional 319 shares in the last quarter. Net Worth Advisory Group lifted its position in Antero Resources by 2.2% in the 4th quarter. Net Worth Advisory Group now owns 16,597 shares of the oil and natural gas company’s stock valued at $582,000 after acquiring an additional 354 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in Antero Resources by 2.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,355 shares of the oil and natural gas company’s stock valued at $503,000 after acquiring an additional 370 shares in the last quarter. Finally, Caprock Group LLC lifted its position in Antero Resources by 0.6% in the 4th quarter. Caprock Group LLC now owns 58,401 shares of the oil and natural gas company’s stock valued at $2,047,000 after acquiring an additional 374 shares in the last quarter. 83.04% of the stock is owned by institutional investors.

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.