Antero Resources (NYSE:AR) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Antero Resources (NYSE:AR) had its price objective hoisted by equities researchers at JPMorgan Chase & Co. from $45.00 to $47.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the oil and natural gas company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 24.91% from the company’s previous close.

Several other equities analysts have also recently commented on the stock. Wells Fargo & Company upgraded shares of Antero Resources from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $24.00 to $32.00 in a report on Tuesday, December 17th. Barclays upped their price objective on shares of Antero Resources from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Benchmark reiterated a “hold” rating on shares of Antero Resources in a report on Friday, January 17th. Mizuho upped their price objective on shares of Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Finally, Truist Financial upped their price objective on shares of Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Antero Resources has an average rating of “Moderate Buy” and an average target price of $40.47.

Antero Resources Trading Up 3.5 %

Antero Resources stock opened at $37.63 on Thursday. The company’s fifty day simple moving average is $38.03 and its 200-day simple moving average is $32.45. The company has a quick ratio of 0.35, a current 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 $11.71 billion, a P/E ratio of 117.59 and a beta of 3.38.

Antero Resources (NYSE:AR) last posted its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.40 by $0.14. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. As a group, sell-side analysts forecast that Antero Resources will post 2.74 EPS for the current fiscal year.

Insider Activity

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the completion of the transaction, the director now owns 1,800,000 shares of the company’s stock, valued at approximately $71,568,000. This represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC raised its position in Antero Resources by 83.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 26,467 shares of the oil and natural gas company’s stock worth $928,000 after purchasing an additional 12,062 shares in the last quarter. Geode Capital Management LLC raised its position in Antero Resources by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock worth $139,054,000 after purchasing an additional 61,490 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Antero Resources by 4.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company’s stock worth $76,342,000 after purchasing an additional 122,815 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Antero Resources by 1,423.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,544 shares of the oil and natural gas company’s stock worth $304,000 after purchasing an additional 7,983 shares in the last quarter. Finally, Capital CS Group LLC acquired a new position in Antero Resources in the fourth quarter worth about $615,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

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.