Antero Resources (NYSE:AR) Given New $43.00 Price Target at Wells Fargo & Company

Antero Resources (NYSE:AR) had its price objective hoisted by Wells Fargo & Company from $35.00 to $43.00 in a report published on Tuesday, Benzinga reports. They currently have an overweight rating on the oil and natural gas company’s stock.

Several other analysts have also commented on AR. Benchmark lowered shares of Antero Resources from a buy rating to a hold rating in a research report on Thursday, February 22nd. Tudor, Pickering, Holt & Co. raised shares of Antero Resources from a hold rating to a buy rating and set a $32.00 price objective on the stock in a research report on Wednesday, January 17th. Scotiabank lifted their price objective on shares of Antero Resources from $26.00 to $36.00 and gave the stock a sector perform rating in a research report on Thursday, April 11th. Raymond James lifted their price objective on shares of Antero Resources from $28.00 to $32.00 and gave the stock a strong-buy rating in a research report on Wednesday, January 24th. Finally, Barclays assumed coverage on shares of Antero Resources in a research report on Wednesday, April 10th. They issued an equal weight rating and a $32.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of Hold and an average target price of $32.08.

Antero Resources Stock Down 0.8 %

Antero Resources stock opened at $34.01 on Tuesday. Antero Resources has a fifty-two week low of $19.91 and a fifty-two week high of $34.69. The stock has a market cap of $10.57 billion, a PE ratio of 170.05 and a beta of 3.30. The firm’s 50-day simple moving average is $28.05 and its 200 day simple moving average is $25.51. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29.

Antero Resources (NYSE:AR) last released its quarterly earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.04. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. Research analysts predict that Antero Resources will post 0.33 EPS for the current fiscal year.

Insider Activity at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 206,978 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $26.15, for a total transaction of $5,412,474.70. Following the completion of the transaction, the director now owns 3,793,022 shares of the company’s stock, valued at $99,187,525.30. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Antero Resources news, Director W Howard Keenan, Jr. sold 232,293 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $25.85, for a total value of $6,004,774.05. Following the completion of the transaction, the director now owns 3,000,000 shares of the company’s stock, valued at approximately $77,550,000. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director W Howard Keenan, Jr. sold 206,978 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total transaction of $5,412,474.70. Following the completion of the transaction, the director now directly owns 3,793,022 shares of the company’s stock, valued at approximately $99,187,525.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 467,280 shares of company stock valued at $12,153,605. Corporate insiders own 5.95% of the company’s stock.

Hedge Funds Weigh In On Antero Resources

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC boosted its stake in shares of Antero Resources by 1,311.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock valued at $28,000 after purchasing an additional 892 shares in the last quarter. Lindbrook Capital LLC boosted its stake in shares of Antero Resources by 81.5% in the 4th quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company’s stock valued at $34,000 after purchasing an additional 664 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Antero Resources in the 1st quarter valued at $37,000. Planned Solutions Inc. purchased a new stake in shares of Antero Resources in the 4th quarter valued at $45,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in shares of Antero Resources in the 3rd quarter valued at $47,000. 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.