Morgan Stanley Raises Antero Resources (NYSE:AR) Price Target to $27.00

Antero Resources (NYSE:AR) had its price objective hoisted by Morgan Stanley from $26.00 to $27.00 in a report issued on Monday morning, Benzinga reports. Morgan Stanley currently has an equal weight rating on the oil and natural gas company’s stock.

AR has been the subject of a number of other reports. Mizuho lifted their target price on shares of Antero Resources from $28.00 to $29.00 and gave the stock a neutral rating in a research note on Wednesday, April 3rd. Benchmark cut shares of Antero Resources from a buy rating to a hold rating in a research note on Thursday, February 22nd. Scotiabank lifted their price objective on shares of Antero Resources from $26.00 to $36.00 and gave the company a sector perform rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. lifted their price objective on shares of Antero Resources from $30.00 to $32.00 and gave the company an overweight rating in a research note on Wednesday, March 27th. Finally, Truist Financial decreased their price objective on shares of Antero Resources from $28.00 to $27.00 and set a hold rating for the company in a research note on Friday, April 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of $30.00.

Antero Resources Stock Down 2.7 %

AR stock opened at $29.00 on Monday. The firm has a 50 day moving average of $26.26 and a 200 day moving average of $25.13. The stock has a market capitalization of $8.80 billion, a PE ratio of 37.66 and a beta of 3.30. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.21. Antero Resources has a 52 week low of $19.91 and a 52 week high of $30.90.

Antero Resources (NYSE:AR) last released its earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Antero Resources had a net margin of 5.19% and a return on equity of 2.10%. Sell-side analysts forecast that Antero Resources will post 0.25 earnings per share for the current year.

Insider Activity

In other news, insider Sheri Pearce sold 28,009 shares of Antero Resources stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $26.29, for a total transaction of $736,356.61. Following the completion of the transaction, the insider now directly owns 106,698 shares of the company’s stock, valued at approximately $2,805,090.42. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Sheri Pearce sold 28,009 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $26.29, for a total value of $736,356.61. Following the completion of the sale, the insider now owns 106,698 shares of the company’s stock, valued at approximately $2,805,090.42. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director W Howard Keenan, Jr. sold 206,978 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total transaction of $5,412,474.70. Following the completion of the sale, the director now directly owns 3,793,022 shares of the company’s stock, valued at approximately $99,187,525.30. The disclosure for this sale can be found here. Insiders sold a total of 467,280 shares of company stock valued at $12,153,605 in the last three months. 5.95% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Antero Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC increased its holdings in Antero Resources by 81.5% in the 4th quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company’s stock worth $34,000 after acquiring an additional 664 shares in the last quarter. Belpointe Asset Management LLC boosted its stake in Antero Resources by 195.2% during 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 purchasing an additional 1,027 shares during the last quarter. Mather Group LLC. acquired a new stake in Antero Resources during the 1st quarter worth $37,000. Planned Solutions Inc. acquired a new stake in Antero Resources during the 4th quarter worth $45,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in Antero Resources during the 3rd quarter worth $47,000. Hedge funds and other 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.