Antero Resources (NYSE:AR) Price Target Lowered to $40.00 at Wells Fargo & Company

Antero Resources (NYSE:ARGet Free Report) had its target price reduced by equities research analysts at Wells Fargo & Company from $42.00 to $40.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the oil and natural gas company’s stock. Wells Fargo & Company‘s price target points to a potential downside of 5.89% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Morgan Stanley reissued an “overweight” rating and issued a $58.00 price target on shares of Antero Resources in a research report on Wednesday, March 26th. TD Cowen upgraded shares of Antero Resources from a “hold” rating to a “buy” rating and raised their target price for the company from $40.00 to $46.00 in a research note on Tuesday, April 8th. Raymond James Financial reiterated a “strong-buy” rating on shares of Antero Resources in a research note on Tuesday, May 13th. Bank of America lifted their target price on shares of Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, May 23rd. Finally, Mizuho upgraded shares of Antero Resources from a “neutral” rating to an “outperform” rating and upped their price target for the company from $47.00 to $49.00 in a report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $43.22.

View Our Latest Stock Report on Antero Resources

Antero Resources Trading Up 0.9%

Shares of NYSE:AR opened at $42.50 on Monday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $13.20 billion, a PE ratio of 49.42 and a beta of 0.67. Antero Resources has a 1 year low of $24.53 and a 1 year high of $42.79. The firm has a fifty day moving average price of $37.29 and a 200 day moving average price of $36.93.

Antero Resources (NYSE:ARGet Free Report) last released its quarterly earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.10. Antero Resources had a return on equity of 4.01% and a net margin of 5.96%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the company posted $0.12 EPS. The firm’s revenue was up 20.5% on a year-over-year basis. Analysts expect that Antero Resources will post 2.74 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Yvette K. Schultz sold 25,200 shares of Antero Resources stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $39.86, for a total transaction of $1,004,472.00. Following the sale, the insider now directly owns 306,819 shares in the company, valued at approximately $12,229,805.34. The trade was a 7.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director W Howard Keenan, Jr. sold 38,013 shares of the stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $40.32, for a total transaction of $1,532,684.16. Following the completion of the transaction, the director now directly owns 364,992 shares of the company’s stock, valued at $14,716,477.44. This trade represents a 9.43% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,125,200 shares of company stock worth $45,887,466. 6.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Antero Resources

Several hedge funds and other institutional investors have recently modified their holdings of AR. Kestra Private Wealth Services LLC acquired a new stake in shares of Antero Resources in the 4th quarter valued at $447,000. Savant Capital LLC lifted its holdings in Antero Resources by 19.2% during the 4th quarter. Savant Capital LLC now owns 9,621 shares of the oil and natural gas company’s stock valued at $337,000 after purchasing an additional 1,549 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Antero Resources by 1,423.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,544 shares of the oil and natural gas company’s stock valued at $304,000 after buying an additional 7,983 shares in the last quarter. Vontobel Holding Ltd. boosted its position in Antero Resources by 11.4% in the fourth quarter. Vontobel Holding Ltd. now owns 24,737 shares of the oil and natural gas company’s stock valued at $867,000 after buying an additional 2,522 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in Antero Resources by 0.7% during the fourth quarter. Rhumbline Advisers now owns 792,836 shares of the oil and natural gas company’s stock worth $27,789,000 after buying an additional 5,319 shares during the last quarter. Institutional investors own 83.04% of the company’s stock.

About Antero Resources

(Get Free Report)

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.

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