Antero Resources (NYSE:AR) Stock Price Expected to Rise, Bank of America Analyst Says

Antero Resources (NYSE:AR - Get Free Report) had its price objective upped by equities research analysts at Bank of America from $44.00 to $47.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a "buy" rating on the oil and natural gas company's stock. Bank of America's price target would indicate a potential upside of 20.79% from the company's current price.

A number of other research firms have also recently issued reports on AR. Morgan Stanley restated an "overweight" rating and issued a $58.00 price objective on shares of Antero Resources in a research report on Wednesday, March 26th. Mizuho upgraded Antero Resources from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $47.00 to $49.00 in a report on Tuesday, May 13th. Raymond James restated a "strong-buy" rating on shares of Antero Resources in a report on Tuesday, May 13th. Wall Street Zen raised Antero Resources to a "sell" rating in a research note on Thursday, February 13th. Finally, Williams Trading set a $48.00 target price on Antero Resources in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $43.33.

Antero Resources Trading Down 3.1%

Shares of AR traded down $1.26 during trading hours on Friday, hitting $38.91. The company had a trading volume of 4,251,808 shares, compared to its average volume of 4,182,818. The firm has a market cap of $12.08 billion, a P/E ratio of 121.60 and a beta of 0.66. The stock's 50 day moving average price is $36.98 and its 200 day moving average price is $36.19. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21. Antero Resources has a 52-week low of $24.53 and a 52-week high of $42.63.

Antero Resources (NYSE:AR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 EPS 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 business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the previous year, the firm earned $0.12 EPS. The business's quarterly revenue was up 20.5% on a year-over-year basis. On average, research analysts predict that Antero Resources will post 2.74 EPS for the current year.

Insider Buying and Selling at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 1,061,987 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $40.82, for a total value of $43,350,309.34. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Yvette K. Schultz sold 25,200 shares of the company'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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,125,200 shares of company stock valued at $45,887,466. Corporate insiders own 6.70% of the company's stock.

Hedge Funds Weigh In On Antero Resources

A number of hedge funds have recently bought and sold shares of AR. HB Wealth Management LLC bought a new position in shares of Antero Resources in the fourth quarter worth approximately $203,000. UMB Bank n.a. lifted its position in Antero Resources by 59.6% in the 4th quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company's stock valued at $49,000 after acquiring an additional 523 shares in the last quarter. Ballentine Partners LLC bought a new position in Antero Resources in the 4th quarter valued at approximately $205,000. Atomi Financial Group Inc. lifted its position in Antero Resources by 6.4% in the 4th quarter. Atomi Financial Group Inc. now owns 9,261 shares of the oil and natural gas company's stock valued at $325,000 after acquiring an additional 559 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Antero Resources by 83.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 26,467 shares of the oil and natural gas company's stock valued at $928,000 after purchasing an additional 12,062 shares in the last quarter. Institutional investors own 83.04% of the company's stock.

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.