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

Antero Resources (NYSE:AR - Get Free Report) had its price objective boosted by stock analysts at BMO Capital Markets from $33.00 to $34.00 in a report issued on Friday, Benzinga reports. The firm currently has a "market perform" rating on the oil and natural gas company's stock. BMO Capital Markets' price target suggests a potential upside of 13.39% from the stock's previous close.

A number of other research analysts have also recently commented on AR. Scotiabank raised Antero Resources from a "sector perform" rating to a "sector outperform" rating and upped their target price for the company from $40.00 to $44.00 in a research note on Tuesday, August 20th. Barclays reduced their target price on Antero Resources from $32.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Thursday. Citigroup initiated coverage on Antero Resources in a research report on Tuesday, September 17th. They set a "neutral" rating and a $29.00 target price for the company. Jefferies Financial Group upped their price target on shares of Antero Resources from $40.00 to $41.00 and gave the stock a "buy" rating in a report on Thursday, July 11th. Finally, Truist Financial decreased their price objective on shares of Antero Resources from $29.00 to $28.00 and set a "hold" rating for the company in a report on Monday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Antero Resources has an average rating of "Moderate Buy" and a consensus target price of $32.59.

Antero Resources Trading Down 0.9 %

Shares of NYSE AR traded down $0.28 during trading hours on Friday, hitting $29.99. 2,823,872 shares of the company traded hands, compared to its average volume of 4,154,727. The stock has a market capitalization of $9.32 billion, a price-to-earnings ratio of 149.93 and a beta of 3.33. The company's 50 day moving average price is $27.27 and its 200 day moving average price is $30.30. Antero Resources has a 12 month low of $20.10 and a 12 month high of $36.28. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22.

Antero Resources (NYSE:AR - Get Free Report) last announced its earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. The firm had revenue of $978.65 million during the quarter, compared to analysts' expectations of $980.20 million. On average, equities research analysts anticipate that Antero Resources will post 0.02 earnings per share for the current fiscal year.

Insider Buying and Selling at Antero Resources

In related news, insider Yvette K. Schultz sold 50,000 shares of the business's stock in a transaction that occurred on 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 transaction, the insider now owns 248,363 shares in the company, valued at $6,268,682.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 6.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AR. Mattson Financial Services LLC acquired a new stake in Antero Resources in the 2nd quarter worth approximately $64,000. Capital Impact Advisors LLC purchased a new position in shares of Antero Resources in the second quarter worth $740,000. Creative Planning lifted its stake in shares of Antero Resources by 6.8% during the second quarter. Creative Planning now owns 21,056 shares of the oil and natural gas company's stock worth $687,000 after buying an additional 1,340 shares during the period. Driehaus Capital Management LLC purchased a new stake in shares of Antero Resources during the second quarter valued at $17,307,000. Finally, The Manufacturers Life Insurance Company increased its position in shares of Antero Resources by 0.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 300,292 shares of the oil and natural gas company's stock valued at $9,799,000 after acquiring an additional 2,695 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.