Bank of America Forecasts Strong Price Appreciation for Antero Resources (NYSE:AR) Stock

Antero Resources (NYSE:AR) had its price objective boosted by Bank of America from $44.00 to $47.00 in a research note published on Friday morning,Benzinga reports. They currently have a buy rating on the oil and natural gas company’s stock.

A number of other analysts have also recently commented on the company. Wells Fargo & Company boosted their price objective on Antero Resources from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 19th. Williams Trading set a $48.00 price objective on Antero Resources in a research report on Wednesday, March 5th. Mizuho upgraded Antero Resources from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $47.00 to $49.00 in a research report on Tuesday, May 13th. Barclays boosted their price target on Antero Resources from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Finally, The Goldman Sachs Group boosted their price target on Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Antero Resources presently has an average rating of “Moderate Buy” and an average target price of $43.33.

Antero Resources Stock Up 1.0%

Antero Resources stock opened at $39.46 on Friday. The stock has a market capitalization of $12.25 billion, a PE ratio of 123.31 and a beta of 0.66. Antero Resources has a 12 month low of $24.53 and a 12 month high of $42.63. The business has a 50 day simple moving average of $37.03 and a 200-day simple moving average of $35.99. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35.

Antero Resources (NYSE:AR) last posted its quarterly earnings data on Wednesday, April 30th. The oil and natural gas company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.10. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. The business’s revenue was up 20.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.12 earnings per share. On average, analysts anticipate that Antero Resources will post 2.74 EPS for the current fiscal year.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 1,061,987 shares of the company’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $40.82, for a total value of $43,350,309.34. Following the completion of the sale, the director now directly owns 38,013 shares in the company, valued at $1,551,690.66. This represents a 96.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Yvette K. Schultz sold 25,200 shares of the company’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $39.86, for a total value of $1,004,472.00. Following the completion of the sale, the insider now owns 306,819 shares of the company’s stock, valued at approximately $12,229,805.34. The trade was a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,125,200 shares of company stock worth $45,887,466 in the last three months. 6.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Antero Resources

Hedge funds have recently modified their holdings of the business. Oregon Public Employees Retirement Fund lifted its stake in Antero Resources by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 59,482 shares of the oil and natural gas company’s stock worth $2,085,000 after acquiring an additional 300 shares in the last quarter. Cetera Investment Advisers lifted its stake in Antero Resources by 2.3% during the 4th quarter. Cetera Investment Advisers now owns 14,060 shares of the oil and natural gas company’s stock worth $493,000 after acquiring an additional 319 shares in the last quarter. World Investment Advisors lifted its stake in Antero Resources by 5.0% during the 1st quarter. World Investment Advisors now owns 7,105 shares of the oil and natural gas company’s stock worth $287,000 after acquiring an additional 341 shares in the last quarter. Net Worth Advisory Group lifted its stake in Antero Resources by 2.2% during the 4th quarter. Net Worth Advisory Group now owns 16,597 shares of the oil and natural gas company’s stock worth $582,000 after acquiring an additional 354 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its stake in Antero Resources by 2.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,355 shares of the oil and natural gas company’s stock worth $503,000 after acquiring an additional 370 shares in the last quarter. 83.04% of the stock is currently owned by hedge funds and other 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.