Antero Resources (NYSE:AR) Price Target Increased to $36.00 by Analysts at Scotiabank

Antero Resources (NYSE:AR - Free Report) had its price objective increased by Scotiabank from $26.00 to $36.00 in a research note issued to investors on Thursday morning, Benzinga reports. The brokerage currently has a sector perform rating on the oil and natural gas company's stock.

Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. upped their target price on Antero Resources from $30.00 to $32.00 and gave the company an overweight rating in a report on Wednesday, March 27th. Tudor, Pickering, Holt & Co. upgraded Antero Resources from a hold rating to a buy rating and set a $32.00 target price for the company in a report on Wednesday, January 17th. Raymond James upped their target price on Antero Resources from $28.00 to $32.00 and gave the company a strong-buy rating in a report on Wednesday, January 24th. Benchmark cut Antero Resources from a buy rating to a hold rating in a report on Thursday, February 22nd. Finally, Mizuho upped their target price on Antero Resources from $28.00 to $29.00 and gave the company a neutral rating in a report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Antero Resources presently has an average rating of Hold and an average price target of $29.92.

Antero Resources Price Performance

NYSE AR traded down $0.29 during mid-day trading on Thursday, hitting $30.20. The stock had a trading volume of 3,699,302 shares, compared to its average volume of 4,878,047. The firm's 50 day moving average is $25.94 and its 200 day moving average is $25.06. Antero Resources has a twelve month low of $19.91 and a twelve month high of $30.90. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market capitalization of $9.17 billion, a price-to-earnings ratio of 39.22 and a beta of 3.30.

Antero Resources (NYSE:AR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The oil and natural gas company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.18 by $0.04. Antero Resources had a return on equity of 2.10% and a net margin of 5.19%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion. Equities research analysts forecast that Antero Resources will post 0.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Sheri Pearce sold 28,009 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total transaction of $736,356.61. Following the transaction, the insider now owns 106,698 shares of the company's stock, valued at approximately $2,805,090.42. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Sheri Pearce sold 28,009 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total transaction of $736,356.61. Following the transaction, the insider now owns 106,698 shares of the company's stock, valued at approximately $2,805,090.42. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director W Howard Keenan, Jr. sold 206,978 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total value of $5,412,474.70. Following the transaction, the director now directly owns 3,793,022 shares in the company, valued at approximately $99,187,525.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 467,280 shares of company stock valued at $12,153,605. Corporate insiders own 5.95% of the company's stock.

Institutional Investors Weigh In On Antero Resources

Hedge funds have recently bought and sold shares of the stock. Mather Group LLC. acquired a new stake in Antero Resources in the 1st quarter valued at about $37,000. Lindbrook Capital LLC raised its position in shares of Antero Resources by 81.5% during the 4th quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company's stock worth $34,000 after acquiring an additional 664 shares in the last quarter. Belpointe Asset Management LLC raised its position in shares of Antero Resources by 195.2% during the 1st quarter. Belpointe Asset Management LLC now owns 1,553 shares of the oil and natural gas company's stock worth $36,000 after acquiring an additional 1,027 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Antero Resources during the 3rd quarter worth about $47,000. Finally, Planned Solutions Inc. acquired a new stake in shares of Antero Resources during the 4th quarter worth about $45,000. 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.