Antero Resources (NYSE:AR) Given a $53.00 Price Target at Scotiabank

Antero Resources (NYSE:AR) has been given a $53.00 price objective by equities research analysts at Scotiabank in a research report issued on Friday, MarketBeat reports. The brokerage presently has a “sector outperform” rating on the oil and natural gas company’s stock. Scotiabank’s price objective suggests a potential upside of 42.55% from the stock’s current price.

AR has been the subject of several other research reports. Wells Fargo & Company lowered their price target on Antero Resources from $42.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, June 16th. UBS Group boosted their target price on Antero Resources from $41.00 to $43.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. Morgan Stanley reissued an “overweight” rating and set a $58.00 price target on shares of Antero Resources in a research report on Wednesday, March 26th. JPMorgan Chase & Co. boosted their price target on Antero Resources from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, March 13th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of Antero Resources in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.18.

Antero Resources Stock Up 3.4%

AR stock opened at $37.18 on Friday. Antero Resources has a one year low of $24.53 and a one year high of $44.02. The stock has a market capitalization of $11.55 billion, a PE ratio of 43.23 and a beta of 0.68. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.39 and a current ratio of 0.39. The company has a fifty day moving average of $39.15 and a 200-day moving average of $37.90.

Antero Resources (NYSE:AR) last announced its quarterly earnings data on Wednesday, April 30th. The oil and natural gas company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.68 by $0.10. Antero Resources had a net margin of 5.96% and a return on equity of 4.01%. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the business earned $0.12 earnings per share. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. As a group, analysts expect that Antero Resources will post 2.74 EPS for the current year.

Insider Activity at Antero Resources

In other Antero Resources news, insider Yvette K. Schultz sold 25,200 shares of Antero Resources stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $39.86, for a total value of $1,004,472.00. Following the transaction, the insider directly owned 306,819 shares of the company’s stock, valued at $12,229,805.34. The trade was a 7.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director W Howard Keenan, Jr. sold 1,061,987 shares of Antero Resources stock in a transaction 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 owned 38,013 shares of the company’s stock, valued at approximately $1,551,690.66. The trade was a 96.54% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,125,200 shares of company stock worth $45,887,466. Company insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On Antero Resources

Several institutional investors have recently bought and sold shares of AR. SVB Wealth LLC bought a new stake in Antero Resources in the first quarter valued at about $26,000. Mascagni Wealth Management Inc. bought a new stake in Antero Resources in the fourth quarter valued at about $31,000. Capital A Wealth Management LLC bought a new stake in Antero Resources in the fourth quarter valued at about $35,000. Bessemer Group Inc. increased its holdings in Antero Resources by 64.7% in the first quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company’s stock valued at $42,000 after purchasing an additional 411 shares during the last quarter. Finally, North Star Investment Management Corp. bought a new stake in Antero Resources in the first quarter valued at about $44,000. 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.