Antero Resources (NYSE:AR) Price Target Increased to $34.00 by Analysts at BMO Capital Markets

Antero Resources (NYSE:AR) had its price objective boosted by BMO Capital Markets from $33.00 to $34.00 in a report published on Friday, Benzinga reports. The brokerage currently has a market perform rating on the oil and natural gas company’s stock.

AR has been the topic of a number of other research reports. The Goldman Sachs Group cut their price objective on shares of Antero Resources from $36.00 to $32.00 and set a buy rating on the stock in a report on Friday, September 6th. Wolfe Research raised Antero Resources from a peer perform rating to an outperform rating and set a $37.00 price objective for the company in a research report on Wednesday, September 11th. Barclays lowered their price objective on Antero Resources from $32.00 to $30.00 and set an equal weight rating for the company in a research note on Thursday, October 3rd. Wells Fargo & Company cut Antero Resources from an overweight rating to an underweight rating and cut their target price for the stock from $34.00 to $25.00 in a research note on Tuesday, October 1st. Finally, Scotiabank raised Antero Resources from a sector perform rating to a sector outperform rating and lifted their price target for the stock from $40.00 to $44.00 in a research report on Tuesday, August 20th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Antero Resources has a consensus rating of Moderate Buy and an average price target of $32.59.

Antero Resources Trading Down 0.3 %

Shares of AR opened at $29.89 on Friday. Antero Resources has a 1-year low of $20.10 and a 1-year high of $36.28. The firm’s 50-day moving average price is $27.29 and its 200-day moving average price is $30.41. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $9.29 billion, a price-to-earnings ratio of 149.45 and a beta of 3.33.

Antero Resources (NYSE:AR) last announced its quarterly earnings data on Wednesday, July 31st. The oil and natural gas company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.04). The firm had revenue of $978.65 million for the quarter, compared to analysts’ expectations of $980.20 million. Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. Sell-side analysts anticipate that Antero Resources will post 0.02 EPS for the current year.

Insiders Place Their Bets

In other news, insider Yvette K. Schultz sold 50,000 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the completion of the sale, the insider now owns 248,363 shares of the company’s stock, valued at $6,268,682.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On Antero Resources

Several hedge funds and other institutional investors have recently modified their holdings of AR. Allspring Global Investments Holdings LLC boosted its position in shares of 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 purchasing an additional 892 shares during the period. Mather Group LLC. bought a new position in Antero Resources in the 1st quarter worth $37,000. Mattson Financial Services LLC purchased a new stake in Antero Resources in the 2nd quarter worth $64,000. Benjamin F. Edwards & Company Inc. increased its stake in Antero Resources by 11.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,384 shares of the oil and natural gas company’s stock worth $98,000 after buying an additional 343 shares in the last quarter. Finally, Manchester Capital Management LLC raised its holdings in Antero Resources by 382.1% during the first quarter. Manchester Capital Management LLC now owns 3,375 shares of the oil and natural gas company’s stock valued at $98,000 after acquiring an additional 2,675 shares during the period. 83.04% of the stock is currently owned by hedge funds and other 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.