Antero Resources (NYSE:AR) Price Target Raised to $40.00 at Truist Financial

Antero Resources (NYSE:ARGet Rating) had its price objective boosted by analysts at Truist Financial from $24.00 to $40.00 in a note issued to investors on Thursday, The Fly reports. Truist Financial’s price objective points to a potential upside of 8.90% from the company’s current price.

Several other equities research analysts have also recently commented on AR. Mizuho upped their price target on Antero Resources from $28.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, April 8th. BMO Capital Markets upgraded Antero Resources from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $27.00 to $28.00 in a research note on Monday, January 10th. Benchmark upped their price objective on Antero Resources from $37.00 to $50.00 in a report on Monday, April 11th. Wells Fargo & Company set a $38.00 price objective on Antero Resources in a report on Wednesday, April 13th. Finally, The Goldman Sachs Group raised Antero Resources from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $21.00 to $24.00 in a report on Friday, January 21st. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Antero Resources currently has an average rating of “Buy” and a consensus price target of $32.48.

NYSE AR traded up $0.34 on Thursday, reaching $36.73. The stock had a trading volume of 34,937 shares, compared to its average volume of 8,481,698. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.33 and a current ratio of 0.33. Antero Resources has a 12-month low of $8.81 and a 12-month high of $37.34. The business’s 50-day moving average price is $27.43 and its 200 day moving average price is $21.94. The stock has a market cap of $11.53 billion, a P/E ratio of -43.21 and a beta of 4.11.

Antero Resources (NYSE:ARGet Rating) last issued its quarterly earnings data on Wednesday, February 16th. The oil and natural gas company reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.17). Antero Resources had a negative net margin of 4.04% and a positive return on equity of 7.44%. The firm had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the prior year, the firm posted ($0.05) EPS. Antero Resources’s quarterly revenue was up 82.9% compared to the same quarter last year. On average, sell-side analysts predict that Antero Resources will post 4.43 earnings per share for the current year.

In other Antero Resources news, Director Robert J. Clark sold 10,000 shares of the company’s stock in a transaction on Thursday, April 14th. The stock was sold at an average price of $35.00, for a total value of $350,000.00. Following the sale, the director now owns 74,615 shares of the company’s stock, valued at $2,611,525. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 30,000 shares of company stock worth $900,000 in the last three months. 9.73% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. Ten Capital Wealth Advisors LLC purchased a new stake in shares of Antero Resources in the fourth quarter valued at $35,000. Rockefeller Capital Management L.P. purchased a new position in Antero Resources during the third quarter worth about $51,000. Harbour Investments Inc. lifted its position in Antero Resources by 1,064.9% during the fourth quarter. Harbour Investments Inc. now owns 4,345 shares of the oil and natural gas company’s stock worth $76,000 after buying an additional 3,972 shares during the period. O Shaughnessy Asset Management LLC lifted its position in Antero Resources by 1,426.0% during the third quarter. O Shaughnessy Asset Management LLC now owns 4,990 shares of the oil and natural gas company’s stock worth $94,000 after buying an additional 4,663 shares during the period. Finally, Chilton Capital Management LLC purchased a new position in Antero Resources during the fourth quarter worth about $99,000. Institutional investors and hedge funds own 77.17% of the company’s stock.

Antero Resources Company Profile (Get Rating)

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2021, it had approximately 502,000 net acres in the Appalachian Basin; and 174,000 net acres in the Upper Devonian Shale.

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