Scotiabank Raises Antero Resources (NYSE:AR) Price Target to $40.00

Antero Resources (NYSE:AR - Free Report) had its price objective upped by Scotiabank from $36.00 to $40.00 in a report issued on Tuesday morning, Benzinga reports. Scotiabank currently has a sector perform rating on the oil and natural gas company's stock.

A number of other research firms have also recently weighed in on AR. Barclays began coverage on Antero Resources in a report on Wednesday, April 10th. They set an equal weight rating and a $32.00 price target on the stock. Tudor, Pickering, Holt & Co. raised Antero Resources from a hold rating to a buy rating and set a $32.00 target price on the stock in a report on Wednesday, January 17th. JPMorgan Chase & Co. boosted their target price on Antero Resources from $30.00 to $32.00 and gave the stock an overweight rating in a report on Wednesday, March 27th. Mizuho boosted their target price on Antero Resources from $28.00 to $29.00 and gave the stock a neutral rating in a report on Wednesday, April 3rd. Finally, Raymond James boosted their target price on Antero Resources from $28.00 to $32.00 and gave the stock a strong-buy rating in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Antero Resources currently has an average rating of Hold and a consensus target price of $32.08.

Antero Resources Stock Performance

NYSE AR traded down $0.29 during trading hours on Tuesday, reaching $34.01. The company's stock had a trading volume of 6,485,712 shares, compared to its average volume of 4,963,096. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. The business has a 50-day simple moving average of $28.05 and a 200 day simple moving average of $25.51. Antero Resources has a 52 week low of $19.91 and a 52 week high of $34.69. The stock has a market cap of $10.57 billion, a PE ratio of 170.05 and a beta of 3.30.

Antero Resources (NYSE:AR - Get Free Report) last issued its earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.04. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. The firm had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.17 billion. Equities research analysts predict that Antero Resources will post 0.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Antero Resources

In related news, insider Sheri Pearce sold 28,009 shares of Antero Resources stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $26.29, for a total value of $736,356.61. Following the completion of the sale, 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 document filed with the SEC, which can be accessed through the SEC website. In related news, insider Sheri Pearce sold 28,009 shares of Antero Resources stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $26.29, for a total value of $736,356.61. Following the completion of the sale, 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 document filed with the SEC, which can be accessed through the SEC website. Also, Director W Howard Keenan, Jr. sold 232,293 shares of Antero Resources stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $25.85, for a total transaction of $6,004,774.05. Following the completion of the sale, the director now directly owns 3,000,000 shares of the company's stock, valued at approximately $77,550,000. The disclosure for this sale can be found here. Insiders sold 467,280 shares of company stock valued at $12,153,605 in the last quarter. Company insiders own 5.95% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AR. CWM LLC lifted its position in Antero Resources by 33.9% during the 3rd quarter. CWM LLC now owns 2,990 shares of the oil and natural gas company's stock worth $76,000 after acquiring an additional 757 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Antero Resources by 49.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 81,591 shares of the oil and natural gas company's stock worth $2,071,000 after purchasing an additional 27,005 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Antero Resources by 166.9% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 46,651 shares of the oil and natural gas company's stock worth $1,184,000 after purchasing an additional 29,172 shares during the period. Independent Advisor Alliance bought a new position in shares of Antero Resources during the 3rd quarter worth about $246,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Antero Resources by 34.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,826,549 shares of the oil and natural gas company's stock worth $97,118,000 after purchasing an additional 982,384 shares during the period. 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.