Antero Resources (NYSE:AR) Given New $47.00 Price Target at Bank of America

Antero Resources (NYSE:AR) had its price target boosted by equities researchers at Bank of America from $44.00 to $47.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the oil and natural gas company’s stock. Bank of America‘s target price points to a potential upside of 25.91% from the stock’s previous close.

Several other analysts have also recently weighed in on the stock. Scotiabank reiterated an “outperform” rating on shares of Antero Resources in a research note on Wednesday, August 13th. BMO Capital Markets increased their price target on Antero Resources from $37.00 to $40.00 and gave the stock a “market perform” rating in a research report on Tuesday. Mizuho lowered their price objective on Antero Resources from $49.00 to $41.00 and set an “outperform” rating on the stock in a research note on Monday, September 15th. Wells Fargo & Company raised Antero Resources from an “equal weight” rating to an “overweight” rating and set a $39.00 price objective for the company in a report on Monday, November 3rd. Finally, UBS Group decreased their price target on Antero Resources from $43.00 to $42.00 and set a “buy” rating on the stock in a research report on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $43.94.

Antero Resources Stock Up 0.1%

Antero Resources stock opened at $37.33 on Wednesday. The company’s 50-day moving average price is $33.67 and its two-hundred day moving average price is $34.73. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.17. The stock has a market cap of $11.52 billion, a P/E ratio of 19.85 and a beta of 0.57. Antero Resources has a twelve month low of $29.10 and a twelve month high of $44.01.

Antero Resources (NYSE:AR) last posted its earnings results on Wednesday, October 29th. The oil and natural gas company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.38). The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.25 billion. Antero Resources had a net margin of 11.73% and a return on equity of 7.51%. Antero Resources’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.07) EPS. As a group, analysts expect that Antero Resources will post 2.74 EPS for the current year.

Insider Buying and Selling at Antero Resources

In other news, insider Brendan E. Krueger acquired 5,000 shares of Antero Resources stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average price of $33.35 per share, for a total transaction of $166,750.00. Following the transaction, the insider directly owned 295,917 shares of the company’s stock, valued at approximately $9,868,831.95. The trade was a 1.72% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.30% of the stock is currently owned by company insiders.

Institutional Trading of Antero Resources

Several hedge funds and other institutional investors have recently made changes to their positions in the company. SVB Wealth LLC bought a new position in Antero Resources in the 1st quarter valued at approximately $26,000. Huntington National Bank increased its position in Antero Resources by 91.3% in the 2nd quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company’s stock valued at $26,000 after acquiring an additional 313 shares during the period. Root Financial Partners LLC bought a new position in shares of Antero Resources during the third quarter valued at $26,000. Sunbelt Securities Inc. bought a new position in Antero Resources during the 3rd quarter worth $30,000. Finally, IFP Advisors Inc lifted its stake in shares of Antero Resources by 59.2% in the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock worth $31,000 after acquiring an additional 345 shares during the period. 83.04% of the stock is currently owned by institutional investors.

Antero Resources Company Profile

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.