Wells Fargo & Company Trims Antero Resources (NYSE:AR) Target Price to $38.00

Antero Resources (NYSE:AR) had its price target lowered by Wells Fargo & Company from $43.00 to $38.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the oil and natural gas company’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 21.95% from the stock’s current price.

AR has been the topic of a number of other reports. Truist Financial dropped their target price on shares of Antero Resources from $28.00 to $27.00 and set a “hold” rating on the stock in a research note on Friday, April 5th. Barclays assumed coverage on shares of Antero Resources in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $32.00 target price for the company. The Goldman Sachs Group increased their target price on Antero Resources from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Scotiabank upped their price objective on shares of Antero Resources from $36.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 30th. Finally, Jefferies Financial Group lifted their target price on shares of Antero Resources from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $33.69.

Antero Resources Stock Down 1.5 %

AR stock traded down $0.49 during trading on Wednesday, reaching $31.16. 1,348,808 shares of the stock were exchanged, compared to its average volume of 4,287,571. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. Antero Resources has a twelve month low of $20.10 and a twelve month high of $36.28. The firm’s 50 day moving average is $33.58 and its 200 day moving average is $28.79. The firm has a market cap of $9.68 billion, a P/E ratio of 155.80 and a beta of 3.39.

Antero Resources (NYSE:AR) last posted its earnings results on Wednesday, April 24th. The oil and natural gas company reported $0.03 earnings per share for the quarter. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.08 billion. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. As a group, research analysts forecast that Antero Resources will post 0.49 EPS for the current year.

Insider Transactions at Antero Resources

In related news, insider Sheri Pearce sold 16,377 shares of Antero Resources stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $35.50, for a total value of $581,383.50. Following the completion of the sale, the insider now directly owns 77,460 shares in the company, valued at $2,749,830. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Sheri Pearce sold 16,377 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $35.50, for a total transaction of $581,383.50. Following the transaction, the insider now directly owns 77,460 shares of the company’s stock, valued at approximately $2,749,830. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert J. Clark sold 10,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $33.67, for a total value of $336,700.00. Following the sale, the director now owns 69,963 shares in the company, valued at approximately $2,355,654.21. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 476,377 shares of company stock worth $16,326,084. 6.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Antero Resources

Hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its stake in Antero Resources by 1,311.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock valued at $28,000 after acquiring an additional 892 shares during the period. Mather Group LLC. purchased a new position in shares of Antero Resources during the 1st quarter worth $37,000. Lindbrook Capital LLC raised its stake in shares of Antero Resources by 81.5% in the fourth quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company’s stock valued at $34,000 after acquiring an additional 664 shares in the last quarter. Planned Solutions Inc. purchased a new stake in Antero Resources during the 4th quarter worth about $45,000. Finally, Quadrant Capital Group LLC raised its holdings in Antero Resources by 28.0% in the fourth quarter. Quadrant Capital Group LLC now owns 2,752 shares of the oil and natural gas company’s stock valued at $62,000 after acquiring an additional 602 shares in the last quarter. 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.