Antero Resources (NYSE:AR) Price Target Raised to $42.00 at Wells Fargo & Company

Antero Resources (NYSE:AR) had its target price upped by Wells Fargo & Company from $40.00 to $42.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the oil and natural gas company’s stock.

A number of other equities analysts also recently issued reports on the company. Citigroup raised their price objective on Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. boosted their price target on shares of Antero Resources from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, March 13th. Mizuho increased their price objective on shares of Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Barclays lifted their target price on shares of Antero Resources from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Finally, Raymond James increased their price target on Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $41.06.

Antero Resources Stock Performance

Shares of AR stock opened at $41.02 on Wednesday. The business’s 50-day moving average price is $38.26 and its 200-day moving average price is $32.84. Antero Resources has a 12 month low of $24.53 and a 12 month high of $41.53. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $12.76 billion, a price-to-earnings ratio of 128.18 and a beta of 3.38.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.14. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. Equities research analysts forecast that Antero Resources will post 2.74 EPS for the current year.

Insider Buying and Selling

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the completion of the transaction, the director now owns 1,800,000 shares of the company’s stock, valued at approximately $71,568,000. The trade was a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AR. Raymond James Financial Inc. bought a new position in Antero Resources in the 4th quarter worth about $140,020,000. Wellington Management Group LLP grew its holdings in shares of Antero Resources by 12.6% during the fourth 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 in the last quarter. Castle Hook Partners LP purchased a new position in shares of Antero Resources during the fourth quarter worth about $60,980,000. Dimensional Fund Advisors LP increased its position in shares of Antero Resources by 12.1% in the fourth 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 last quarter. Finally, Webs Creek Capital Management LP purchased a new stake in Antero Resources in the fourth quarter valued at approximately $44,525,000. Institutional investors 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.