Antero Resources (NYSE:AR) Given New $43.00 Price Target at Barclays

Antero Resources (NYSE:AR) had its price target increased by Barclays from $41.00 to $43.00 in a research report report published on Monday,Benzinga reports. Barclays currently has an equal weight rating on the oil and natural gas company’s stock.

A number of other equities analysts have also issued reports on the stock. Benchmark raised shares of Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Thursday, March 5th. Roth Mkm reaffirmed a “neutral” rating and issued a $36.00 price objective on shares of Antero Resources in a report on Monday, December 8th. Wall Street Zen lowered shares of Antero Resources from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Jefferies Financial Group set a $50.00 target price on shares of Antero Resources in a report on Friday, February 13th. Finally, Tudor Pickering upgraded shares of Antero Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Four research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $46.00.

Antero Resources Stock Up 0.2%

Antero Resources stock opened at $41.09 on Monday. The business’s 50-day simple moving average is $35.01 and its two-hundred day simple moving average is $34.09. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.55 and a current ratio of 0.55. The company has a market cap of $12.68 billion, a PE ratio of 20.34 and a beta of 0.52. Antero Resources has a fifty-two week low of $29.10 and a fifty-two week high of $44.01.

Antero Resources (NYSE:AR) last announced its quarterly earnings data on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.13. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Antero Resources had a return on equity of 6.71% and a net margin of 12.02%.The company’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period last year, the business posted $0.48 earnings per share. Equities analysts anticipate that Antero Resources will post 2.74 EPS for the current year.

Insider Buying and Selling

In other Antero Resources news, insider Yvette K. Schultz sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $39.33, for a total value of $589,950.00. Following the sale, the insider owned 319,122 shares in the company, valued at approximately $12,551,068.26. This represents a 4.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 6.30% of the company’s stock.

Hedge Funds Weigh In On Antero Resources

Several large investors have recently made changes to their positions in AR. Corient Private Wealth LLC purchased a new stake in Antero Resources during the fourth quarter worth $228,000. Fearnley Asset Management AS purchased a new position in Antero Resources in the fourth quarter valued at $24,511,000. Caitong International Asset Management Co. Ltd purchased a new position in Antero Resources in the fourth quarter valued at $56,000. Invesco Ltd. increased its holdings in Antero Resources by 18.0% in the fourth quarter. Invesco Ltd. now owns 4,999,747 shares of the oil and natural gas company’s stock valued at $172,291,000 after buying an additional 761,842 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its position in shares of Antero Resources by 35.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 60,111 shares of the oil and natural gas company’s stock worth $2,071,000 after acquiring an additional 15,800 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Company Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.