Antero Resources (NYSE:AR) Upgraded to “Overweight” by Morgan Stanley

Morgan Stanley upgraded shares of Antero Resources (NYSE:AR) from an equal weight rating to an overweight rating in a research report sent to investors on Wednesday, Marketbeat.com reports. They currently have $36.00 price target on the oil and natural gas company’s stock, up from their previous price target of $26.00.

Several other research analysts have also recently issued reports on the company. Mizuho lifted their target price on Antero Resources from $28.00 to $29.00 and gave the company a neutral rating in a research report on Wednesday, April 3rd. Truist Financial cut their price objective on Antero Resources from $28.00 to $27.00 and set a hold rating on the stock in a research report on Friday, April 5th. Scotiabank boosted their price objective on Antero Resources from $26.00 to $36.00 and gave the stock a sector perform rating in a research report on Thursday, April 11th. Wells Fargo & Company boosted their price objective on Antero Resources from $26.00 to $29.00 and gave the stock an overweight rating in a research report on Wednesday, February 21st. Finally, Raymond James boosted their price objective on Antero Resources from $28.00 to $32.00 and gave the stock a strong-buy rating in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Hold and a consensus price target of $30.69.

Antero Resources Stock Up 1.5 %

Shares of NYSE:AR opened at $29.28 on Wednesday. The stock has a market cap of $8.89 billion, a price-to-earnings ratio of 38.03 and a beta of 3.30. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.21. Antero Resources has a 12-month low of $19.91 and a 12-month high of $30.90. The business’s 50 day moving average is $26.87 and its 200 day moving average is $25.24.

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

Insider Activity

In other news, Director W Howard Keenan, Jr. sold 206,978 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total transaction of $5,412,474.70. Following the transaction, the director now owns 3,793,022 shares of the company’s stock, valued at approximately $99,187,525.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director W Howard Keenan, Jr. sold 206,978 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total transaction of $5,412,474.70. Following the sale, the director now directly owns 3,793,022 shares in the company, valued at approximately $99,187,525.30. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director W Howard Keenan, Jr. sold 232,293 shares of the business’s stock in a transaction 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 owns 3,000,000 shares in the company, valued at $77,550,000. The disclosure for this sale can be found here. Insiders have sold 467,280 shares of company stock valued at $12,153,605 in the last 90 days. Insiders own 5.95% of the company’s stock.

Institutional Trading of Antero Resources

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC raised its holdings in shares of Antero Resources by 1,311.8% in the 1st 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. Lindbrook Capital LLC raised its holdings in shares of Antero Resources by 81.5% in the 4th quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company’s stock valued at $34,000 after acquiring an additional 664 shares in the last quarter. Belpointe Asset Management LLC raised its holdings in shares of Antero Resources by 195.2% in the 1st quarter. Belpointe Asset Management LLC now owns 1,553 shares of the oil and natural gas company’s stock valued at $36,000 after acquiring an additional 1,027 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Antero Resources in the 1st quarter valued at about $37,000. Finally, Planned Solutions Inc. purchased a new stake in shares of Antero Resources in the 4th quarter valued at about $45,000. 83.04% of the stock is currently 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.