Antero Resources (NYSE:AR) Price Target Raised to $57.00

Antero Resources (NYSE:AR) had its target price raised by Raymond James from $56.00 to $57.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a strong-buy rating on the oil and natural gas company’s stock.

Several other research analysts have also issued reports on the company. Williams Trading set a $48.00 target price on Antero Resources in a research report on Wednesday, March 5th. UBS Group boosted their target price on Antero Resources from $41.00 to $43.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. StockNews.com upgraded Antero Resources to a “sell” rating in a research report on Thursday, February 13th. TD Cowen upgraded Antero Resources from a “hold” rating to a “buy” rating and boosted their target price for the company from $40.00 to $46.00 in a research report on Tuesday, April 8th. Finally, Morgan Stanley restated an “overweight” rating and set a $58.00 target price on shares of Antero Resources in a research report on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Antero Resources presently has an average rating of “Moderate Buy” and a consensus target price of $42.72.

Antero Resources Trading Down 0.8%

Shares of AR stock opened at $40.19 on Tuesday. Antero Resources has a 12-month low of $24.53 and a 12-month high of $42.63. 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 stock’s 50-day moving average price is $36.79 and its 200-day moving average price is $35.47. The stock has a market capitalization of $12.48 billion, a price-to-earnings ratio of 125.60 and a beta of 0.66.

Antero Resources (NYSE:AR) last issued its quarterly earnings data on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.10. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the firm posted $0.12 earnings per share. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. Equities research analysts predict that Antero Resources will post 2.74 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director W Howard Keenan, Jr. sold 1,061,987 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $40.82, for a total value of $43,350,309.34. Following the transaction, the director now directly owns 38,013 shares of the company’s stock, valued at approximately $1,551,690.66. This trade represents a 96.54% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 1,300,000 shares of company stock valued at $52,834,994. Company insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in Antero Resources in the 4th quarter valued at about $140,020,000. Wellington Management Group LLP raised its holdings in Antero Resources by 12.6% in the 4th quarter. Wellington Management Group LLP now owns 19,661,491 shares of the oil and natural gas company’s stock valued at $689,135,000 after acquiring an additional 2,201,429 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Antero Resources by 133.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,743,957 shares of the oil and natural gas company’s stock valued at $151,406,000 after acquiring an additional 2,137,538 shares during the last quarter. Castle Hook Partners LP acquired a new stake in Antero Resources in the 4th quarter valued at about $60,980,000. Finally, Invesco Ltd. raised its holdings in Antero Resources by 44.3% in the 1st quarter. Invesco Ltd. now owns 4,440,328 shares of the oil and natural gas company’s stock valued at $179,567,000 after acquiring an additional 1,362,370 shares during the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

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.