Antero Resources (NYSE:AR) Given New $40.00 Price Target at Wells Fargo & Company

Antero Resources (NYSE:AR) had its price target decreased by Wells Fargo & Company from $42.00 to $40.00 in a research note issued to investors on Monday,Benzinga reports. Wells Fargo & Company 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 research reports. Bank of America boosted their target price on shares of Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, May 23rd. TD Cowen raised shares of Antero Resources from a “hold” rating to a “buy” rating and boosted their price objective for the company from $40.00 to $46.00 in a report on Tuesday, April 8th. Williams Trading set a $48.00 target price on shares of Antero Resources in a report on Wednesday, March 5th. Morgan Stanley reiterated an “overweight” rating and issued a $58.00 price target on shares of Antero Resources in a research report on Wednesday, March 26th. Finally, Mizuho upgraded Antero Resources from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $47.00 to $49.00 in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.22.

Antero Resources Stock Up 1.1%

Shares of AR opened at $42.12 on Monday. The firm has a market cap of $13.08 billion, a P/E ratio of 131.63 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. Antero Resources has a 52 week low of $24.53 and a 52 week high of $42.74. The firm’s 50-day simple moving average is $37.14 and its 200 day simple moving average is $36.89.

Antero Resources (NYSE:AR) last announced its earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.10. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.28 billion. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. The firm’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.12 earnings per share. On average, analysts forecast that Antero Resources will post 2.74 earnings per share for the current year.

Insider Buying and Selling at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 1,061,987 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director now owns 38,013 shares of the company’s stock, valued at $1,551,690.66. This represents a 96.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Yvette K. Schultz sold 25,200 shares of the company’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $39.86, for a total transaction of $1,004,472.00. Following the transaction, the insider now owns 306,819 shares of the company’s stock, valued at $12,229,805.34. This trade represents a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,125,200 shares of company stock worth $45,887,466 over the last 90 days. Insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On Antero Resources

Institutional investors and hedge funds have recently bought and sold shares of the company. Slate Path Capital LP acquired a new stake in shares of Antero Resources during the fourth quarter valued at about $35,471,000. Wealthfront Advisers LLC acquired a new stake in Antero Resources during the 4th quarter worth approximately $556,000. Allspring Global Investments Holdings LLC grew its holdings in Antero Resources by 1,423.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,544 shares of the oil and natural gas company’s stock worth $304,000 after acquiring an additional 7,983 shares during the last quarter. Sei Investments Co. grew its holdings in Antero Resources by 7.3% during the 4th quarter. Sei Investments Co. now owns 178,183 shares of the oil and natural gas company’s stock worth $6,246,000 after acquiring an additional 12,156 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Antero Resources in the 4th quarter valued at approximately $968,000. Institutional investors and hedge funds 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.