Wells Fargo & Company Forecasts Strong Price Appreciation for Antero Resources (NYSE:AR) Stock

Antero Resources (NYSE:AR - Free Report) had its price target lifted by Wells Fargo & Company from $40.00 to $42.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have an equal weight rating on the oil and natural gas company's stock.

Other research analysts have also recently issued research reports about the company. The Goldman Sachs Group boosted their price objective on Antero Resources from $39.00 to $44.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Mizuho boosted their target price on Antero Resources from $35.00 to $40.00 and gave the company a "neutral" rating in a research note on Monday, December 16th. StockNews.com upgraded Antero Resources to a "sell" rating in a research note on Thursday, February 13th. Citigroup boosted their target price on Antero Resources from $29.00 to $35.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. boosted their target price on Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $41.06.

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Antero Resources Stock Down 0.7 %

Shares of NYSE:AR traded down $0.27 during mid-day trading on Wednesday, hitting $40.70. 6,366,296 shares of the company traded hands, compared to its average volume of 3,930,394. The stock has a 50-day moving average price of $38.37 and a two-hundred day moving average price of $33.10. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21. Antero Resources has a 12-month low of $24.53 and a 12-month high of $41.53. The stock has a market cap of $12.66 billion, a P/E ratio of 127.18 and a beta of 3.38.

Antero Resources (NYSE:AR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. On average, equities research analysts forecast that Antero Resources will post 2.74 earnings per share for the current year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Antero Resources

A number of institutional investors have recently added to or reduced their stakes in AR. Raymond James Financial Inc. purchased a new position in shares of Antero Resources in the 4th quarter worth about $140,020,000. Wellington Management Group LLP boosted its holdings in shares of Antero Resources by 12.6% in the 4th quarter. Wellington Management Group LLP now owns 19,661,491 shares of the oil and natural gas company's stock worth $689,135,000 after purchasing an additional 2,201,429 shares in the last quarter. Castle Hook Partners LP purchased a new position in shares of Antero Resources in the 4th quarter worth about $60,980,000. Dimensional Fund Advisors LP boosted its holdings in Antero Resources by 12.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,829,263 shares of the oil and natural gas company's stock valued at $414,628,000 after acquiring an additional 1,274,760 shares during the period. Finally, Webs Creek Capital Management LP purchased a new stake in Antero Resources during the 4th quarter valued at about $44,525,000. 83.04% of the stock is currently owned by 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.