Wells Fargo & Company Raises Antero Resources (NYSE:AR) Price Target to $43.00

Antero Resources (NYSE:AR) had its price target upped by Wells Fargo & Company from $35.00 to $43.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has an overweight rating on the oil and natural gas company’s stock.

Several other research analysts also recently weighed in on the company. Mizuho boosted their target price on Antero Resources from $28.00 to $29.00 and gave the stock a neutral rating in a research note on Wednesday, April 3rd. Scotiabank increased their price objective on shares of Antero Resources from $26.00 to $36.00 and gave the company a sector perform rating in a research report on Thursday, April 11th. Barclays began coverage on shares of Antero Resources in a research report on Wednesday, April 10th. They set an equal weight rating and a $32.00 target price on the stock. Morgan Stanley raised shares of Antero Resources from an equal weight rating to an overweight rating and raised their price target for the stock from $26.00 to $36.00 in a report on Wednesday, April 17th. Finally, StockNews.com raised shares of Antero Resources to a sell rating in a report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Hold and an average target price of $32.08.

Antero Resources Price Performance

NYSE AR opened at $33.14 on Tuesday. The company has a market cap of $10.30 billion, a PE ratio of 165.70 and a beta of 3.27. The firm’s 50 day moving average price is $28.55 and its 200-day moving average price is $25.65. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. Antero Resources has a 52-week low of $19.91 and a 52-week high of $34.69.

Antero Resources (NYSE:AR) last issued its quarterly earnings data on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. Antero Resources had a return on equity of 0.18% and a net margin of 1.50%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Sell-side analysts forecast that Antero Resources will post 0.33 EPS for the current fiscal year.

Insider Activity at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 206,978 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $26.15, for a total transaction of $5,412,474.70. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Robert J. Clark sold 10,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $33.67, for a total value of $336,700.00. Following the completion of the transaction, the director now directly owns 69,963 shares of the company’s stock, valued at approximately $2,355,654.21. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director W Howard Keenan, Jr. sold 206,978 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were 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 in the company, valued at approximately $99,187,525.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 477,280 shares of company stock valued at $12,490,305. 5.95% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Antero Resources by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 27,694,160 shares of the oil and natural gas company’s stock worth $628,104,000 after acquiring an additional 173,378 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Antero Resources by 33.7% during the 4th quarter. Wellington Management Group LLP now owns 10,537,261 shares of the oil and natural gas company’s stock worth $238,985,000 after buying an additional 2,655,604 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Antero Resources by 11.6% during the 1st quarter. Bank of New York Mellon Corp now owns 8,840,690 shares of the oil and natural gas company’s stock valued at $256,380,000 after buying an additional 917,338 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Antero Resources by 28.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,659,033 shares of the oil and natural gas company’s stock valued at $128,352,000 after acquiring an additional 1,253,510 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its position in Antero Resources by 9.3% in the fourth quarter. Eagle Asset Management Inc. now owns 3,340,434 shares of the oil and natural gas company’s stock worth $75,761,000 after acquiring an additional 285,485 shares during the period. 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.