BMO Capital Markets Boosts Antero Resources (NYSE:AR) Price Target to $34.00

Antero Resources (NYSE:AR) had its target price raised by BMO Capital Markets from $33.00 to $34.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “market perform” rating on the oil and natural gas company’s stock. BMO Capital Markets’ price target would suggest a potential upside of 13.37% from the company’s current price.

A number of other analysts have also commented on AR. Scotiabank upgraded shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $40.00 to $44.00 in a research note on Tuesday, August 20th. Jefferies Financial Group lifted their price target on shares of Antero Resources from $40.00 to $41.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Mizuho lowered their price target on shares of Antero Resources from $37.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. Roth Capital raised shares of Antero Resources to a “strong-buy” rating in a report on Tuesday, August 27th. Finally, The Goldman Sachs Group lowered their price target on shares of Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $32.59.

Antero Resources Trading Down 0.9 %

NYSE:AR opened at $29.99 on Friday. The company has a 50-day moving average price of $27.28 and a 200-day moving average price of $30.33. 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. The stock has a market cap of $9.32 billion, a price-to-earnings ratio of 149.95 and a beta of 3.33.

Antero Resources (NYSE:AR) last issued its quarterly earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. The business had revenue of $978.65 million for the quarter, compared to analysts’ expectations of $980.20 million. Equities analysts predict that Antero Resources will post 0.02 EPS for the current 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 stock was sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Antero Resources

Several large investors have recently modified their holdings of AR. Allspring Global Investments Holdings LLC lifted its position in shares of 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 acquiring an additional 892 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Antero Resources in the first quarter valued at about $37,000. Mattson Financial Services LLC bought a new stake in shares of Antero Resources in the second quarter worth $64,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of Antero Resources by 11.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,384 shares of the oil and natural gas company’s stock worth $98,000 after buying an additional 343 shares during the last quarter. Finally, Manchester Capital Management LLC increased its stake in shares of Antero Resources by 382.1% in the first quarter. Manchester Capital Management LLC now owns 3,375 shares of the oil and natural gas company’s stock worth $98,000 after buying an additional 2,675 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

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.