Antero Resources (NYSE:AR - Get Free Report) was downgraded by equities research analysts at Wells Fargo & Company from an "overweight" rating to an "underweight" rating in a research note issued to investors on Tuesday, MarketBeat Ratings reports. They currently have a $25.00 price target on the oil and natural gas company's stock, down from their previous price target of $34.00. Wells Fargo & Company's target price indicates a potential downside of 12.77% from the stock's previous close.
Other analysts have also recently issued research reports about the stock. Wolfe Research upgraded shares of Antero Resources from a "peer perform" rating to an "outperform" rating and set a $37.00 target price for the company in a research note on Wednesday, September 11th. Citigroup started coverage on shares of Antero Resources in a research report on Tuesday, September 17th. They issued a "neutral" rating and a $29.00 price objective for the company. The Goldman Sachs Group dropped their target price on Antero Resources from $36.00 to $32.00 and set a "buy" rating on the stock in a research report on Friday, September 6th. Roth Mkm assumed coverage on Antero Resources in a report on Tuesday, August 27th. They issued a "buy" rating and a $32.00 price target for the company. Finally, Morgan Stanley dropped their price objective on Antero Resources from $39.00 to $38.00 and set an "overweight" rating on the stock in a report on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $32.63.
Check Out Our Latest Stock Report on AR
Antero Resources Stock Performance
AR traded up $0.01 during trading on Tuesday, hitting $28.66. 4,671,455 shares of the stock were exchanged, compared to its average volume of 4,162,746. The firm has a market capitalization of $8.91 billion, a P/E ratio of 143.30 and a beta of 3.33. Antero Resources has a 1-year low of $20.10 and a 1-year high of $36.28. The stock has a fifty day moving average price of $27.26 and a two-hundred day moving average price of $30.31. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22.
Antero Resources (NYSE:AR - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.24) EPS 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 business had revenue of $978.65 million during the quarter, compared to analysts' expectations of $980.20 million. As a group, sell-side analysts predict that Antero Resources will post 0.02 earnings per share for the current year.
Insider Activity
In related news, insider Yvette K. Schultz sold 50,000 shares of the company'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 transaction, the insider now owns 248,363 shares of the company's stock, valued at $6,268,682.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.70% of the company's stock.
Institutional Investors Weigh In On Antero Resources
Several hedge funds have recently modified their holdings of AR. Diversified Trust Co purchased a new position in shares of Antero Resources in the 2nd quarter worth about $1,154,000. MADDEN SECURITIES Corp grew its stake in Antero Resources by 38.5% during the first quarter. MADDEN SECURITIES Corp now owns 150,045 shares of the oil and natural gas company's stock worth $4,351,000 after buying an additional 41,725 shares during the period. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Antero Resources in the first quarter worth $1,544,000. GSA Capital Partners LLP purchased a new position in shares of Antero Resources in the 1st quarter valued at $1,022,000. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Antero Resources by 47.1% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,073,905 shares of the oil and natural gas company's stock valued at $31,144,000 after acquiring an additional 343,905 shares in the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.
About Antero Resources
(
Get Free Report)
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.
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