Wells Fargo & Company Raises Antero Resources (NYSE:AR) Price Target to $42.00

Antero Resources (NYSE:AR) had its price objective hoisted by research analysts at Wells Fargo & Company from $40.00 to $42.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the oil and natural gas company’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 4.63% from the company’s current price.

Other analysts have also recently issued reports about the company. Barclays boosted their price objective on Antero Resources from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Raymond James boosted their price objective on Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. UBS Group boosted their price objective on Antero Resources from $39.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Mizuho boosted their price objective on Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. boosted their price objective on Antero Resources from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.06.

Antero Resources Price Performance

Shares of Antero Resources stock traded up $0.27 during trading on Wednesday, reaching $40.14. The company’s stock had a trading volume of 194,537 shares, compared to its average volume of 4,833,571. The stock has a 50-day moving average price of $38.20 and a two-hundred day moving average price of $32.78. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21. Antero Resources has a one year low of $24.53 and a one year high of $41.53. The stock has a market capitalization of $12.49 billion, a P/E ratio of 125.33 and a beta of 3.38.

Antero Resources (NYSE:AR) last released its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. As a group, sell-side analysts anticipate that Antero Resources will post 2.74 EPS for the current fiscal year.

Insider Activity at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total value of $7,952,000.00. Following the completion of the transaction, the director now directly owns 1,800,000 shares in the company, valued at approximately $71,568,000. The trade was a 10.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Antero Resources

Large investors have recently bought and sold shares of the company. Pinnacle Bancorp Inc. acquired a new position in Antero Resources during the 4th quarter worth approximately $28,000. True Wealth Design LLC acquired a new position in Antero Resources during the 3rd quarter worth approximately $30,000. Spire Wealth Management acquired a new position in Antero Resources during the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC acquired a new position in Antero Resources during the 4th quarter worth approximately $35,000. Finally, Wilmington Savings Fund Society FSB boosted its position in Antero Resources by 205.2% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company’s stock worth $48,000 after acquiring an additional 913 shares during 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.