Antero Resources (NYSE:AR) Price Target Increased to $29.00 by Analysts at Wells Fargo & Company

Antero Resources (NYSE:AR) had its price target hoisted by Wells Fargo & Company from $27.00 to $29.00 in a research note published on Friday, Marketbeat Ratings reports. Wells Fargo & Company currently has an equal weight rating on the oil and natural gas company’s stock.

Several other brokerages have also recently issued reports on AR. Siebert Williams Shank initiated coverage on Antero Resources in a research report on Friday, June 30th. They issued a hold rating and a $27.00 target price on the stock. Truist Financial raised their target price on Antero Resources from $28.00 to $31.00 in a research report on Monday, July 24th. Morgan Stanley dropped their target price on Antero Resources from $24.00 to $23.00 and set an equal weight rating on the stock in a research report on Tuesday, July 18th. Mizuho dropped their target price on Antero Resources from $40.00 to $39.00 and set a buy rating on the stock in a research report on Wednesday, August 16th. Finally, Benchmark lowered their price objective on Antero Resources from $36.00 to $32.00 and set a buy rating on the stock in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $33.50.

Antero Resources Price Performance

NYSE AR opened at $28.20 on Friday. Antero Resources has a one year low of $19.91 and a one year high of $42.39. The stock has a 50-day moving average of $25.27 and a 200 day moving average of $23.82. The company has a market capitalization of $8.47 billion, a price-to-earnings ratio of 6.35 and a beta of 3.47. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.26 and a current ratio of 0.26.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Thursday, July 27th. The oil and natural gas company reported ($0.28) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.01. The company had revenue of $953.31 million during the quarter, compared to the consensus estimate of $935.87 million. Antero Resources had a return on equity of 13.17% and a net margin of 21.81%. Antero Resources’s revenue for the quarter was down 56.7% on a year-over-year basis. During the same period last year, the company earned $1.69 EPS. On average, sell-side analysts forecast that Antero Resources will post 0.37 EPS for the current year.

Institutional Trading of Antero Resources

A number of large investors have recently added to or reduced their stakes in AR. Belpointe Asset Management LLC increased its stake in Antero Resources by 195.2% in the 1st quarter. Belpointe Asset Management LLC now owns 1,553 shares of the oil and natural gas company’s stock worth $36,000 after acquiring an additional 1,027 shares during the last quarter. Tucker Asset Management LLC bought a new stake in Antero Resources in the 1st quarter worth approximately $40,000. FNY Investment Advisers LLC bought a new stake in Antero Resources in the 1st quarter worth approximately $46,000. Quadrant Capital Group LLC increased its stake in Antero Resources by 2,883.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,611 shares of the oil and natural gas company’s stock worth $50,000 after acquiring an additional 1,557 shares during the last quarter. Finally, CWM LLC increased its position in shares of Antero Resources by 369.1% during the 2nd quarter. CWM LLC now owns 2,233 shares of the oil and natural gas company’s stock valued at $51,000 after purchasing an additional 1,757 shares during the last quarter. Institutional investors own 80.20% of the company’s stock.

Antero Resources Company Profile

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 through three segments: Exploration, Development and Production of Natural Gas, NGLs and Oil; Marketing and Utilization of Excess Firm Transportation Capacity; and Midstream Services Through Our Equity Method Investment in Antero Midstream.