Antero Resources (NYSE:AR) Shares Gap Down After Analyst Downgrade

Shares of Antero Resources Co. (NYSE:AR - Get Free Report) gapped down before the market opened on Tuesday after Wells Fargo & Company downgraded the stock from an overweight rating to an underweight rating. The stock had previously closed at $28.65, but opened at $27.92. Wells Fargo & Company now has a $25.00 price target on the stock, down from their previous price target of $34.00. Antero Resources shares last traded at $28.43, with a volume of 232,194 shares.

AR has been the subject of several other research reports. Truist Financial lowered their target price on shares of Antero Resources from $29.00 to $28.00 and set a "hold" rating for the company in a research note on Monday. The Goldman Sachs Group reduced their price target on shares of Antero Resources from $36.00 to $32.00 and set a "buy" rating for the company in a report on Friday, September 6th. Mizuho reduced their price target on shares of Antero Resources from $37.00 to $35.00 and set a "neutral" rating for the company in a report on Monday, September 16th. JPMorgan Chase & Co. reduced their price target on shares of Antero Resources from $37.00 to $30.00 and set an "overweight" rating for the company in a report on Thursday, September 12th. Finally, Jefferies Financial Group upped 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. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Antero Resources currently has an average rating of "Moderate Buy" and a consensus price target of $32.63.

Insider Activity

In related news, insider Yvette K. Schultz sold 50,000 shares of the firm's stock in a transaction dated 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 directly owns 248,363 shares of the company's stock, valued at $6,268,682.12. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 6.70% of the company's stock.

Hedge Funds Weigh In On Antero Resources

Several hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its stake 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 purchasing an additional 892 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Antero Resources in the 1st quarter valued at approximately $37,000. Mattson Financial Services LLC acquired a new stake in shares of Antero Resources in the 2nd quarter valued at approximately $64,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Antero Resources by 11.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,384 shares of the oil and natural gas company's stock valued at $98,000 after purchasing an additional 343 shares in the last quarter. Finally, Manchester Capital Management LLC boosted its stake in shares of Antero Resources by 382.1% in the 1st quarter. Manchester Capital Management LLC now owns 3,375 shares of the oil and natural gas company's stock valued at $98,000 after purchasing an additional 2,675 shares in the last quarter. 83.04% of the stock is owned by institutional investors.

Antero Resources Trading Up 0.0 %

The business's 50 day moving average price is $27.30 and its two-hundred day moving average price is $30.29. 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 company has a market capitalization of $8.91 billion, a price-to-earnings ratio of 143.28 and a beta of 3.33.

Antero Resources (NYSE:AR - Get Free Report) last posted its 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 return on equity of 0.45% and a net margin of 1.88%. The business had revenue of $978.65 million for the quarter, compared to analyst estimates of $980.20 million. On average, equities analysts predict that Antero Resources Co. will post 0.02 earnings per share for the current fiscal year.

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.