Jefferies Financial Group Raises Antero Resources (NYSE:AR) Price Target to $41.00

Antero Resources (NYSE:AR) had its price target raised by Jefferies Financial Group from $40.00 to $41.00 in a research note released on Thursday, Benzinga reports. They currently have a buy rating on the oil and natural gas company’s stock.

Other equities research analysts also recently issued reports about the stock. StockNews.com raised shares of Antero Resources to a sell rating in a report on Friday, April 26th. Scotiabank upped their price target on Antero Resources from $36.00 to $40.00 and gave the company a sector perform rating in a research report on Tuesday, April 30th. Truist Financial decreased their price target on Antero Resources from $28.00 to $27.00 and set a hold rating on the stock in a research report on Friday, April 5th. Barclays initiated coverage on Antero Resources in a research report on Wednesday, April 10th. They set an equal weight rating and a $32.00 price target on the stock. Finally, Mizuho upped their price target on Antero Resources from $29.00 to $37.00 and gave the company a neutral rating in a research report on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of Moderate Buy and an average price target of $34.08.

Antero Resources Price Performance

Shares of NYSE:AR opened at $32.56 on Thursday. The company’s 50-day moving average is $33.68 and its 200 day moving average is $28.63. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market capitalization of $10.12 billion, a P/E ratio of 162.80 and a beta of 3.39. Antero Resources has a fifty-two week low of $20.10 and a fifty-two week high of $36.28.

Antero Resources (NYSE:AR) last issued its quarterly earnings results on Wednesday, April 24th. The oil and natural gas company reported $0.03 earnings per share for the quarter. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.08 billion. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. On average, equities research analysts forecast that Antero Resources will post 0.41 earnings per share for the current year.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, Director Robert J. Clark sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $33.67, for a total transaction of $336,700.00. Following the transaction, the director now directly owns 69,963 shares in the company, valued at $2,355,654.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Robert J. Clark sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $33.67, for a total transaction of $336,700.00. Following the completion of the sale, the director now owns 69,963 shares of the company’s stock, valued at $2,355,654.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Sheri Pearce sold 16,377 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $35.50, for a total value of $581,383.50. Following the sale, the insider now directly owns 77,460 shares of the company’s stock, valued at approximately $2,749,830. The disclosure for this sale can be found here. Insiders have sold 476,377 shares of company stock worth $16,326,084 over the last ninety days. Insiders own 6.70% of the company’s stock.

Institutional Trading of Antero Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC lifted its stake in Antero Resources by 1,311.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock worth $28,000 after acquiring an additional 892 shares during the period. Lindbrook Capital LLC raised its holdings in Antero Resources by 81.5% in the fourth quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company’s stock worth $34,000 after purchasing an additional 664 shares in the last quarter. Mather Group LLC. bought a new position in Antero Resources in the first quarter worth $37,000. Planned Solutions Inc. bought a new position in Antero Resources in the fourth quarter worth $45,000. Finally, Quadrant Capital Group LLC raised its holdings in Antero Resources by 28.0% in the fourth quarter. Quadrant Capital Group LLC now owns 2,752 shares of the oil and natural gas company’s stock worth $62,000 after purchasing an additional 602 shares in the last quarter. Hedge funds and other 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.