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

Antero Resources (NYSE:AR) had its target price lifted by Wells Fargo & Company from $40.00 to $42.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has an equal weight rating on the oil and natural gas company’s stock.

AR has been the subject of several other reports. UBS Group increased their target price on Antero Resources from $39.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. raised their target price on shares of Antero Resources from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, March 13th. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a report on Thursday, February 13th. Raymond James increased their price target on shares of Antero Resources from $44.00 to $60.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Citigroup boosted their price objective on shares of Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $41.06.

Antero Resources Stock Up 2.9 %

Shares of AR opened at $41.02 on Wednesday. Antero Resources has a 1 year low of $24.53 and a 1 year high of $41.53. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a 50 day simple moving average of $38.26 and a two-hundred day simple moving average of $32.84. The firm has a market cap of $12.76 billion, a P/E ratio of 128.18 and a beta of 3.38.

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

Insider Transactions at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the sale, the director now directly owns 1,800,000 shares in the company, valued at $71,568,000. This trade represents a 10.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On Antero Resources

A number of institutional investors have recently bought and sold shares of AR. Pinnacle Bancorp Inc. purchased a new position in shares of Antero Resources in the fourth quarter valued at about $28,000. True Wealth Design LLC purchased a new position in Antero Resources in the 3rd quarter worth approximately $30,000. Spire Wealth Management purchased a new position in Antero Resources in the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC bought a new position in Antero Resources in the 4th quarter worth approximately $35,000. Finally, Wilmington Savings Fund Society FSB grew its holdings 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 valued at $48,000 after buying an additional 913 shares in the last quarter. Hedge funds and other institutional investors 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.