Antero Resources (NYSE:AR) Price Target Raised to $43.00

Antero Resources (NYSE:AR - Free Report) had its price objective boosted by UBS Group from $41.00 to $43.00 in a research note published on Wednesday morning, MarketBeat reports. They currently have a neutral rating on the oil and natural gas company's stock.

Several other research firms have also recently issued reports on AR. Truist Financial increased their target price on Antero Resources from $28.00 to $38.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Williams Trading set a $48.00 price target on Antero Resources in a report on Wednesday, March 5th. Benchmark reissued a "hold" rating on shares of Antero Resources in a report on Friday, January 17th. Wells Fargo & Company increased their price target on Antero Resources from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 19th. Finally, StockNews.com upgraded Antero Resources to a "sell" rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $42.39.

Antero Resources Price Performance

NYSE AR traded up $0.65 during trading hours on Wednesday, hitting $39.36. The company had a trading volume of 2,806,885 shares, compared to its average volume of 4,157,414. The firm has a 50 day simple moving average of $36.34 and a 200 day simple moving average of $35.22. Antero Resources has a 52 week low of $24.53 and a 52 week high of $42.63. The firm has a market capitalization of $12.22 billion, a price-to-earnings ratio of 123.05 and a beta of 0.66. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35.

Antero Resources (NYSE:AR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.10. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the company earned $0.12 EPS. The business's quarterly revenue was up 20.5% compared to the same quarter last year. Equities research analysts expect that Antero Resources will post 2.74 earnings per share for the current year.

Insider Buying and Selling

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the business's stock in a transaction dated 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 completion of the sale, the director now directly owns 1,800,000 shares of the company's stock, valued at approximately $71,568,000. The trade was a 10.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Antero Resources

Institutional investors and hedge funds have recently modified their holdings of the company. Pinnacle Bancorp Inc. acquired a new stake in shares of Antero Resources in the 4th quarter worth approximately $28,000. Mascagni Wealth Management Inc. purchased a new stake in Antero Resources in the 4th quarter valued at approximately $31,000. Spire Wealth Management purchased a new stake in Antero Resources in the 4th quarter valued at approximately $31,000. Capital A Wealth Management LLC purchased a new stake in Antero Resources in the 4th quarter valued at approximately $35,000. Finally, Bessemer Group Inc. lifted its stake in Antero Resources by 64.7% in the 1st quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company's stock valued at $42,000 after buying an additional 411 shares in the last quarter. 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.