Morgan Stanley Boosts Antero Resources (NYSE:AR) Price Target to $27.00

Antero Resources (NYSE:AR) had its target price boosted by Morgan Stanley from $26.00 to $27.00 in a report published on Monday, Benzinga reports. They currently have an equal weight rating on the oil and natural gas company’s stock.

A number of other equities analysts also recently weighed in on AR. Raymond James upped their target price on Antero Resources from $28.00 to $32.00 and gave the company a strong-buy rating in a report on Wednesday, January 24th. Benchmark downgraded Antero Resources from a buy rating to a hold rating in a report on Thursday, February 22nd. Barclays started coverage on Antero Resources in a research note on Wednesday, April 10th. They issued an equal weight rating and a $32.00 price target for the company. Tudor, Pickering, Holt & Co. raised Antero Resources from a hold rating to a buy rating and set a $32.00 price target for the company in a research note on Wednesday, January 17th. Finally, Truist Financial lowered their price target on Antero Resources from $28.00 to $27.00 and set a hold rating for the company in a research note on Friday, April 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Antero Resources currently has a consensus rating of Hold and an average price target of $30.69.

Antero Resources Price Performance

Shares of AR opened at $29.16 on Monday. The company has a market capitalization of $8.85 billion, a price-to-earnings ratio of 37.87 and a beta of 3.30. Antero Resources has a fifty-two week low of $19.91 and a fifty-two week high of $30.90. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.33 and a quick ratio of 0.33. The business’s 50-day moving average is $26.56 and its 200-day moving average is $25.18.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. Antero Resources had a return on equity of 2.10% and a net margin of 5.19%. Equities research analysts expect that Antero Resources will post 0.25 EPS for the current fiscal year.

Insiders Place Their Bets

In other Antero Resources news, insider Sheri Pearce sold 28,009 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total transaction of $736,356.61. Following the completion of the sale, the insider now owns 106,698 shares of the company’s stock, valued at $2,805,090.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director W Howard Keenan, Jr. sold 232,293 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $25.85, for a total value of $6,004,774.05. Following the completion of the sale, the director now directly owns 3,000,000 shares of the company’s stock, valued at $77,550,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sheri Pearce sold 28,009 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $26.29, for a total value of $736,356.61. Following the completion of the sale, the insider now directly owns 106,698 shares of the company’s stock, valued at $2,805,090.42. The disclosure for this sale can be found here. Insiders sold 467,280 shares of company stock valued at $12,153,605 over the last 90 days. 5.95% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Antero Resources

Several hedge funds have recently modified their holdings of the business. CHURCHILL MANAGEMENT Corp bought a new stake in shares of Antero Resources in the first quarter valued at approximately $1,544,000. Inscription Capital LLC bought a new stake in shares of Antero Resources in the first quarter valued at approximately $212,000. Wedmont Private Capital bought a new stake in shares of Antero Resources in the first quarter valued at approximately $432,000. MADDEN SECURITIES Corp boosted its position in shares of Antero Resources by 38.5% in the first quarter. MADDEN SECURITIES Corp now owns 150,045 shares of the oil and natural gas company’s stock valued at $4,351,000 after acquiring an additional 41,725 shares during the period. Finally, Mather Group LLC. bought a new stake in shares of Antero Resources in the first quarter valued at approximately $37,000. 83.04% of the stock is owned by institutional investors.

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.