Raymond James Forecasts Strong Price Appreciation for Antero Resources (NYSE:AR) Stock

Antero Resources (NYSE:AR) had its price objective boosted by equities researchers at Raymond James from $56.00 to $57.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “strong-buy” rating on the oil and natural gas company’s stock. Raymond James’ target price would suggest a potential upside of 41.09% from the stock’s current price.

Several other analysts have also weighed in on the stock. Williams Trading set a $48.00 target price on shares of Antero Resources in a research report on Wednesday, March 5th. The Goldman Sachs Group lifted their target price on shares of Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their target price on shares of Antero Resources from $45.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, March 13th. Barclays lifted their price target on shares of Antero Resources from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Finally, Benchmark reissued a “hold” rating on shares of Antero Resources in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.72.

Antero Resources Stock Performance

NYSE AR opened at $40.40 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. The firm has a market capitalization of $12.55 billion, a price-to-earnings ratio of 126.25 and a beta of 0.66. The company’s fifty day moving average is $36.68 and its two-hundred day moving average is $35.38. Antero Resources has a 52-week low of $24.53 and a 52-week high of $42.63.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.10. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the business earned $0.12 EPS. The firm’s revenue was up 20.5% on a year-over-year basis. Equities research analysts forecast that Antero Resources will post 2.74 EPS for the current year.

Insiders Place Their Bets

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total value of $7,952,000.00. Following the completion of the transaction, the director now directly owns 1,800,000 shares of the company’s stock, valued at approximately $71,568,000. The trade was a 10.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On Antero Resources

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Antero Resources by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 29,574,973 shares of the oil and natural gas company’s stock worth $1,036,603,000 after buying an additional 214,060 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Antero Resources by 12.6% during the fourth 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 buying an additional 2,201,429 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Antero Resources by 12.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,829,263 shares of the oil and natural gas company’s stock worth $414,628,000 after buying an additional 1,274,760 shares during the last quarter. Sourcerock Group LLC raised its stake in shares of Antero Resources by 3.8% during the fourth quarter. Sourcerock Group LLC now owns 6,355,724 shares of the oil and natural gas company’s stock worth $222,768,000 after buying an additional 231,068 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Antero Resources by 44.3% during the first quarter. Invesco Ltd. now owns 4,440,328 shares of the oil and natural gas company’s stock worth $179,567,000 after buying an additional 1,362,370 shares during the last quarter. 83.04% of the stock is 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.