Antero Resources (NYSE:AR) Given New $40.00 Price Target at Wells Fargo & Company

Antero Resources (NYSE:AR - Get Free Report) had its target price cut by equities researchers at Wells Fargo & Company from $42.00 to $40.00 in a research note issued on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the oil and natural gas company's stock. Wells Fargo & Company's target price points to a potential downside of 4.53% from the stock's previous close.

Several other equities research analysts have also recently issued reports on the company. Williams Trading set a $48.00 price objective on Antero Resources in a report on Wednesday, March 5th. JPMorgan Chase & Co. lifted their price target on Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a report on Thursday, March 13th. Mizuho raised shares of Antero Resources from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $47.00 to $49.00 in a research note on Tuesday, May 13th. Bank of America boosted their target price on shares of Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Finally, UBS Group increased their price target on shares of Antero Resources from $41.00 to $43.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $43.22.

Antero Resources Price Performance

NYSE:AR traded up $0.24 during trading hours on Monday, reaching $41.90. 1,444,781 shares of the company traded hands, compared to its average volume of 4,242,577. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. The firm's 50-day moving average is $36.94 and its 200-day moving average is $36.82. The stock has a market cap of $13.01 billion, a P/E ratio of 130.94 and a beta of 0.67. Antero Resources has a 1-year low of $24.53 and a 1-year high of $42.68.

Antero Resources (NYSE:AR - Get Free Report) last announced its earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.10. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.28 billion. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. The firm's revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.12 EPS. Equities research analysts expect that Antero Resources will post 2.74 earnings per share for the current fiscal year.

Insider Activity at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 1,061,987 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $40.82, for a total transaction of $43,350,309.34. Following the completion of the sale, the director now owns 38,013 shares in the company, valued at $1,551,690.66. The trade was a 96.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Yvette K. Schultz sold 25,200 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $39.86, for a total transaction of $1,004,472.00. Following the completion of the transaction, the insider now owns 306,819 shares in the company, 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 have sold 1,125,200 shares of company stock valued at $45,887,466 over the last ninety days. Corporate insiders own 6.70% of the company's stock.

Institutional Investors Weigh In On Antero Resources

Institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in shares of Antero Resources during the 4th quarter worth approximately $140,020,000. Wellington Management Group LLP increased its position in Antero Resources by 12.6% in the fourth quarter. Wellington Management Group LLP now owns 19,661,491 shares of the oil and natural gas company's stock worth $689,135,000 after buying an additional 2,201,429 shares during the period. Assenagon Asset Management S.A. lifted its stake in Antero Resources by 133.1% in the first quarter. Assenagon Asset Management S.A. now owns 3,743,957 shares of the oil and natural gas company's stock valued at $151,406,000 after buying an additional 2,137,538 shares during the last quarter. Castle Hook Partners LP bought a new stake in Antero Resources in the fourth quarter valued at $60,980,000. Finally, Invesco Ltd. boosted its holdings in shares of Antero Resources by 44.3% during the first quarter. Invesco Ltd. now owns 4,440,328 shares of the oil and natural gas company's stock valued at $179,567,000 after acquiring an additional 1,362,370 shares during the period. Institutional investors and hedge funds 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.

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