Morgan Stanley Increases Antero Resources (NYSE:AR) Price Target to $26.00

Antero Resources (NYSE:AR) had its price target raised by research analysts at Morgan Stanley from $24.00 to $26.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the oil and natural gas company’s stock. Morgan Stanley’s price target suggests a potential downside of 10.96% from the stock’s previous close.

A number of other brokerages also recently weighed in on AR. JPMorgan Chase & Co. increased their price target on shares of Antero Resources from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday. Mizuho raised their target price on shares of Antero Resources from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday, March 15th. Raymond James raised their target price on shares of Antero Resources from $28.00 to $32.00 and gave the stock a “strong-buy” rating in a report on Wednesday, January 24th. Truist Financial raised their target price on shares of Antero Resources from $27.00 to $28.00 and gave the stock a “hold” rating in a report on Friday, February 16th. Finally, Tudor, Pickering, Holt & Co. upgraded shares of Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Antero Resources presently has an average rating of “Hold” and a consensus target price of $29.18.

Antero Resources Trading Up 1.7 %

Shares of NYSE AR traded up $0.48 during mid-day trading on Thursday, hitting $29.20. The company’s stock had a trading volume of 3,931,363 shares, compared to its average volume of 4,948,617. The stock has a market cap of $8.86 billion, a price-to-earnings ratio of 37.95 and a beta of 3.30. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.33 and a quick ratio of 0.33. Antero Resources has a one year low of $19.91 and a one year high of $30.90. The company’s fifty day simple moving average is $24.34 and its 200-day simple moving average is $24.77.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. Antero Resources had a net margin of 5.19% and a return on equity of 2.10%. On average, sell-side analysts anticipate that Antero Resources will post 0.66 earnings per share for the current fiscal year.

Insider Activity at Antero Resources

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Captrust Financial Advisors raised its stake in Antero Resources by 1.4% during the third quarter. Captrust Financial Advisors now owns 30,771 shares of the oil and natural gas company’s stock worth $939,000 after acquiring an additional 414 shares in the last quarter. Mariner LLC raised its stake in Antero Resources by 4.1% during the fourth quarter. Mariner LLC now owns 10,688 shares of the oil and natural gas company’s stock worth $331,000 after acquiring an additional 425 shares in the last quarter. Comerica Bank raised its stake in Antero Resources by 0.4% during the fourth quarter. Comerica Bank now owns 114,910 shares of the oil and natural gas company’s stock worth $2,606,000 after acquiring an additional 505 shares in the last quarter. AQR Capital Management LLC raised its stake in Antero Resources by 0.8% during the third quarter. AQR Capital Management LLC now owns 77,589 shares of the oil and natural gas company’s stock worth $1,969,000 after acquiring an additional 578 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its stake in Antero Resources by 4.5% during the first quarter. Mercer Global Advisors Inc. ADV now owns 13,676 shares of the oil and natural gas company’s stock worth $316,000 after acquiring an additional 595 shares in the last quarter. 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.