Antero Resources (NYSE:AR) Price Target Raised to $41.00 at Morgan Stanley

Antero Resources (NYSE:ARGet Rating) had its price target hoisted by Morgan Stanley from $39.00 to $41.00 in a research note issued on Monday, Stock Target Advisor reports. The brokerage presently has an “equal weight” rating on the oil and natural gas company’s stock. Morgan Stanley’s target price points to a potential downside of 10.25% from the stock’s previous close.

AR has been the subject of several other research reports. Wells Fargo & Company set a $38.00 price target on Antero Resources in a research report on Wednesday, April 13th. Raymond James upped their target price on shares of Antero Resources from $38.00 to $52.00 and gave the company a “strong-buy” rating in a report on Monday, April 25th. Mizuho lifted their price target on shares of Antero Resources from $56.00 to $59.00 and gave the stock a “buy” rating in a report on Tuesday, May 31st. Zacks Investment Research downgraded shares of Antero Resources from a “strong-buy” rating to a “hold” rating and set a $42.00 price objective on the stock. in a research note on Tuesday, May 24th. Finally, Benchmark lifted their target price on shares of Antero Resources from $37.00 to $50.00 in a research note on Monday, April 11th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $38.59.

Shares of AR stock traded up $0.72 during mid-day trading on Monday, reaching $45.68. The stock had a trading volume of 142,383 shares, compared to its average volume of 8,536,655. The company has a market cap of $14.21 billion, a P/E ratio of -35.21 and a beta of 3.71. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.34. Antero Resources has a 12-month low of $10.91 and a 12-month high of $46.68. The business has a 50-day simple moving average of $35.67 and a 200 day simple moving average of $25.82.

Antero Resources (NYSE:ARGet Rating) last posted its earnings results on Wednesday, April 27th. The oil and natural gas company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.14. Antero Resources had a negative net margin of 7.80% and a positive return on equity of 10.73%. During the same quarter in the prior year, the company posted $0.61 earnings per share. Research analysts anticipate that Antero Resources will post 6.19 EPS for the current year.

In related news, insider Sheri Pearce sold 7,352 shares of the stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of $34.63, for a total value of $254,599.76. Following the completion of the sale, the insider now directly owns 80,858 shares of the company’s stock, valued at approximately $2,800,112.54. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert J. Clark sold 10,000 shares of Antero Resources stock in a transaction dated Friday, March 25th. The shares were sold at an average price of $30.00, for a total value of $300,000.00. The disclosure for this sale can be found here. Insiders sold a total of 1,027,352 shares of company stock worth $35,704,600 in the last three months. 9.73% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ten Capital Wealth Advisors LLC purchased a new position in Antero Resources in the fourth quarter valued at about $35,000. Steward Partners Investment Advisory LLC raised its position in Antero Resources by 2,307.7% during the first quarter. Steward Partners Investment Advisory LLC now owns 1,565 shares of the oil and natural gas company’s stock valued at $48,000 after acquiring an additional 1,500 shares in the last quarter. Signaturefd LLC acquired a new stake in Antero Resources in the first quarter valued at approximately $49,000. Rockefeller Capital Management L.P. bought a new stake in Antero Resources in the third quarter worth approximately $51,000. Finally, Quent Capital LLC lifted its stake in shares of Antero Resources by 55.5% in the 1st quarter. Quent Capital LLC now owns 1,774 shares of the oil and natural gas company’s stock valued at $54,000 after purchasing an additional 633 shares during the last quarter. 76.27% of the stock is currently owned by hedge funds and other institutional investors.

About Antero Resources (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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