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

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

AR has been the topic of a number of other reports. Raymond James increased their price objective on shares of Antero Resources from $28.00 to $32.00 and gave the company a strong-buy rating in a research note on Wednesday, January 24th. Truist Financial lowered their price objective on shares of Antero Resources from $28.00 to $27.00 and set a hold rating on the stock in a research note on Friday, April 5th. Scotiabank increased their price objective on shares of Antero Resources from $26.00 to $36.00 and gave the company a sector perform rating in a research note on Thursday, April 11th. Benchmark cut shares of Antero Resources from a buy rating to a hold rating in a research note on Thursday, February 22nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Antero Resources from $30.00 to $32.00 and gave the stock an overweight rating in a research note on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of $30.69.

Antero Resources Stock Down 1.0 %

Shares of Antero Resources stock opened at $28.86 on Monday. The firm has a fifty day moving average of $26.71 and a two-hundred day moving average of $25.21. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market cap of $8.76 billion, a P/E ratio of 37.47 and a beta of 3.30. Antero Resources has a one year low of $19.91 and a one year high of $30.90.

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

Insider Buying and Selling

In related news, Director W Howard Keenan, Jr. sold 232,293 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $25.85, for a total value of $6,004,774.05. Following 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director W Howard Keenan, Jr. sold 232,293 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $25.85, for a total value of $6,004,774.05. Following 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sheri Pearce sold 28,009 shares of the firm’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 directly owns 106,698 shares in the company, valued at $2,805,090.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 467,280 shares of company stock valued at $12,153,605. Insiders own 5.95% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its holdings 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 valued at $28,000 after buying 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 valued at $34,000 after buying an additional 664 shares during the period. Belpointe Asset Management LLC raised its holdings in Antero Resources by 195.2% in the first quarter. Belpointe Asset Management LLC now owns 1,553 shares of the oil and natural gas company’s stock valued at $36,000 after buying an additional 1,027 shares during the period. Mather Group LLC. purchased a new position in Antero Resources in the first quarter valued at approximately $37,000. Finally, Planned Solutions Inc. purchased a new position in Antero Resources in the fourth quarter valued at approximately $45,000. 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.