Antero Resources (NYSE:AR) Stock Price Expected to Rise, Barclays Analyst Says

Antero Resources (NYSE:AR - Get Free Report) had its target price raised by analysts at Barclays from $38.00 to $43.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the oil and natural gas company's stock. Barclays's price objective points to a potential upside of 20.06% from the company's previous close.

A number of other research analysts have also issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. UBS Group increased their price objective on Antero Resources from $41.00 to $43.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Bank of America lifted their target price on Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Mizuho raised Antero Resources from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $47.00 to $49.00 in a research note on Tuesday, May 13th. Finally, Wells Fargo & Company reduced their price objective on shares of Antero Resources from $42.00 to $40.00 and set an "equal weight" rating for the company in a report on Monday, June 16th. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, Antero Resources presently has an average rating of "Moderate Buy" and an average price target of $43.50.

Antero Resources Stock Performance

Shares of NYSE:AR traded up $0.26 during trading on Monday, reaching $35.82. 6,932,906 shares of the company's stock traded hands, compared to its average volume of 4,383,914. The stock has a market capitalization of $11.12 billion, a P/E ratio of 41.65 and a beta of 0.68. Antero Resources has a 12 month low of $24.53 and a 12 month high of $44.02. The company has a 50 day moving average of $39.15 and a 200-day moving average of $37.81. 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 (NYSE:AR - Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.28 billion. Antero Resources had a return on equity of 4.01% and a net margin of 5.96%. The business's quarterly revenue was up 20.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.12 EPS. On average, equities analysts expect that Antero Resources will post 2.74 EPS for the current year.

Insider Buying and Selling at Antero Resources

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

Institutional Trading of Antero Resources

A number of institutional investors have recently bought and sold shares of the company. SVB Wealth LLC acquired a new stake in shares of Antero Resources during the 1st quarter valued at about $26,000. Mascagni Wealth Management Inc. bought a new stake in Antero Resources in the fourth quarter worth approximately $31,000. Capital A Wealth Management LLC bought a new stake in Antero Resources in the fourth quarter worth approximately $35,000. Bessemer Group Inc. raised its holdings 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. acquired a new stake in shares of Antero Resources in the 1st quarter valued at $44,000. Institutional investors and hedge funds 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.