Antero Resources (NYSE:AR) Price Target Raised to $27.00 at Morgan Stanley

Antero Resources (NYSE:AR) had its target price raised by Morgan Stanley from $26.00 to $27.00 in a report published on Monday morning, Benzinga reports. Morgan Stanley currently has an equal weight rating on the oil and natural gas company’s stock.

Several other research analysts also recently commented on the stock. Wells Fargo & Company raised their price target on shares of Antero Resources from $26.00 to $29.00 and gave the company an overweight rating in a report on Wednesday, February 21st. Benchmark downgraded shares of Antero Resources from a buy rating to a hold rating in a report on Thursday, February 22nd. Tudor, Pickering, Holt & Co. raised shares of Antero Resources from a hold rating to a buy rating and set a $32.00 price objective for the company in a report on Wednesday, January 17th. JPMorgan Chase & Co. lifted their price objective on shares of Antero Resources from $30.00 to $32.00 and gave the stock an overweight rating in a report on Wednesday, March 27th. Finally, Scotiabank lifted their price objective on shares of Antero Resources from $26.00 to $36.00 and gave the stock a sector perform rating in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Hold and an average price target of $30.00.

Antero Resources Stock Down 2.7 %

Shares of NYSE:AR opened at $29.00 on Monday. The firm has a fifty day moving average price of $26.26 and a two-hundred day moving average price of $25.13. 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 has a market cap of $8.80 billion, a price-to-earnings ratio of 37.66 and a beta of 3.30.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.18 by $0.04. Antero Resources had a net margin of 5.19% and a return on equity of 2.10%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion. Analysts anticipate that Antero Resources will post 0.25 EPS for the current fiscal year.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, 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 transaction, the insider now owns 106,698 shares in the company, valued at $2,805,090.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Sheri Pearce sold 28,009 shares of Antero Resources stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $26.29, for a total transaction of $736,356.61. Following the sale, the insider now owns 106,698 shares of the company’s stock, valued at approximately $2,805,090.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Howard Keenan, Jr. sold 232,293 shares of Antero Resources stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $25.85, for a total transaction of $6,004,774.05. Following the sale, the director now directly owns 3,000,000 shares in the company, valued at approximately $77,550,000. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 467,280 shares of company stock worth $12,153,605. 5.95% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Antero Resources

A number of large investors have recently modified their holdings of AR. Vanguard Group Inc. boosted its stake in Antero Resources by 0.6% during the fourth 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 in the last quarter. State Street Corp lifted its stake in shares of Antero Resources by 4.9% in the first quarter. State Street Corp now owns 11,045,684 shares of the oil and natural gas company’s stock worth $255,045,000 after buying an additional 519,552 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Antero Resources by 33.7% in the fourth 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 in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Antero Resources by 66.1% in the first quarter. Goldman Sachs Group Inc. now owns 6,323,092 shares of the oil and natural gas company’s stock worth $193,043,000 after buying an additional 2,517,137 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of 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 worth $128,352,000 after buying an additional 1,253,510 shares in the last quarter. Institutional investors own 83.04% of the company’s stock.

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.