Antero Resources (NYSE:AR) Price Target Raised to $47.00

Key Points

• Morgan Stanley raised the price target for Antero Resources from $46.00 to $47.00, indicating a potential upside of 41.59% from the stock's previous close.
• Antero Resources reported $0.35 earnings per share for the last quarter, missing the consensus estimate of $0.68 by $0.33, despite revenue of $1.30 billion meeting expectations.
• Insiders have sold a total of 1,125,200 shares of Antero Resources recently, resulting in a notable decrease in ownership, with 6.70% of the stock owned by company insiders.

Antero Resources (NYSE:AR - Get Free Report) had its price target boosted by Morgan Stanley from $46.00 to $47.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the oil and natural gas company's stock. Morgan Stanley's price objective would indicate a potential upside of 41.59% from the stock's previous close.

Several other equities analysts have also recently commented on AR. Barclays lifted their target price on shares of Antero Resources from $38.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Monday, July 7th. TD Cowen upgraded Antero Resources from a "hold" rating to a "buy" rating and lifted their price target for the stock from $40.00 to $46.00 in a report on Tuesday, April 8th. UBS Group upped their price objective on Antero Resources from $41.00 to $43.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Raymond James Financial raised their target price on Antero Resources from $57.00 to $58.00 and gave the company a "strong-buy" rating in a research report on Tuesday, July 22nd. Finally, Mizuho raised shares of 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 report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $43.53.

Antero Resources Stock Down 1.4%

NYSE AR traded down $0.48 on Monday, reaching $33.20. The company had a trading volume of 755,950 shares, compared to its average volume of 5,110,686. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.15. The company's fifty day moving average is $37.83 and its 200 day moving average is $37.63. Antero Resources has a 52-week low of $24.53 and a 52-week high of $44.01. The stock has a market capitalization of $10.25 billion, a P/E ratio of 21.11 and a beta of 0.64.

Antero Resources (NYSE:AR - Get Free Report) last posted its earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.33). Antero Resources had a return on equity of 6.48% and a net margin of 10.13%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the company earned ($0.21) EPS. The business's revenue was up 32.6% compared to the same quarter last year. Sell-side analysts anticipate that Antero Resources will post 2.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Antero Resources news, Director W Howard Keenan, Jr. sold 1,061,987 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $40.82, for a total transaction of $43,350,309.34. Following the sale, the director owned 38,013 shares in the company, valued at $1,551,690.66. This represents a 96.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Yvette K. Schultz sold 25,200 shares of Antero Resources 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 transaction, the insider owned 306,819 shares of the company's stock, valued at approximately $12,229,805.34. This trade represents 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 valued at $45,887,466 over the last quarter. 6.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Antero Resources

Several hedge funds and other institutional investors have recently modified their holdings of the stock. SVB Wealth LLC purchased a new position in Antero Resources during the first quarter valued at approximately $26,000. Mascagni Wealth Management Inc. bought a new position in Antero Resources in the 4th quarter valued at $31,000. Capital A Wealth Management LLC purchased a new position in shares of Antero Resources during the 4th quarter valued at $35,000. Bessemer Group Inc. grew its position in shares of Antero Resources by 64.7% during 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 purchasing an additional 411 shares in the last quarter. Finally, North Star Investment Management Corp. bought a new position in shares of Antero Resources in the first quarter worth $44,000. 83.04% of the stock is currently owned by institutional investors.

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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