Antero Resources (NYSE:AR) Price Target Raised to $53.00

Antero Resources (NYSE:AR - Get Free Report) had its target price upped by research analysts at Scotiabank from $46.00 to $53.00 in a report issued on Friday, July 11th, Marketbeat Ratings reports. The firm presently has a "sector outperform" rating on the oil and natural gas company's stock. Scotiabank's target price suggests a potential upside of 56.30% from the company's previous close.

Several other equities analysts also recently commented on the company. JPMorgan Chase & Co. upped their price objective on Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th. UBS Group raised their price objective on Antero Resources from $41.00 to $43.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Mizuho raised Antero Resources from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $47.00 to $49.00 in a research report on Tuesday, May 13th. Barclays raised their price target on Antero Resources from $38.00 to $43.00 and gave the stock an "equal weight" rating in a report on Monday, July 7th. Finally, Bank of America raised their price objective on Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Antero Resources presently has a consensus rating of "Moderate Buy" and an average target price of $44.18.

Antero Resources Trading Up 0.5%

Antero Resources stock opened at $33.91 on Friday. The stock has a market cap of $10.53 billion, a P/E ratio of 39.43 and a beta of 0.68. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.39 and a quick ratio of 0.39. Antero Resources has a 1 year low of $24.53 and a 1 year high of $44.01. The firm's 50 day moving average price is $38.03 and its 200-day moving average price is $37.73.

Antero Resources (NYSE:AR - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.10. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.28 billion. Antero Resources had a return on equity of 4.01% and a net margin of 5.96%. The company's revenue was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS. On average, equities analysts predict that Antero Resources will post 2.74 earnings per share for the current fiscal year.

Insider Activity at Antero Resources

In other news, insider Yvette K. Schultz sold 25,200 shares of Antero Resources stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $39.86, for a total value of $1,004,472.00. Following the sale, the insider directly owned 306,819 shares of the company's stock, valued at $12,229,805.34. The trade was a 7.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director W Howard Keenan, Jr. sold 38,013 shares of the business's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $40.32, for a total value of $1,532,684.16. Following the transaction, the director directly owned 364,992 shares in the company, valued at $14,716,477.44. This trade represents a 9.43% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,125,200 shares of company stock worth $45,887,466. 6.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Antero Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Antero Resources by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 29,574,973 shares of the oil and natural gas company's stock valued at $1,036,603,000 after purchasing an additional 214,060 shares during the period. Wellington Management Group LLP increased its holdings in Antero Resources by 12.6% during the 4th 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 purchasing an additional 2,201,429 shares during the period. Dimensional Fund Advisors LP increased its holdings in Antero Resources by 12.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,829,263 shares of the oil and natural gas company's stock worth $414,628,000 after purchasing an additional 1,274,760 shares during the period. Sourcerock Group LLC increased its holdings in Antero Resources by 3.8% during the 4th quarter. Sourcerock Group LLC now owns 6,355,724 shares of the oil and natural gas company's stock worth $222,768,000 after purchasing an additional 231,068 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Antero Resources by 44.3% during the 1st quarter. Invesco Ltd. now owns 4,440,328 shares of the oil and natural gas company's stock worth $179,567,000 after acquiring an additional 1,362,370 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.