Antero Resources (NYSE:AR) PT Lowered to $24.00

Antero Resources (NYSE:AR - Get Free Report) had its price target decreased by investment analysts at Wells Fargo & Company from $25.00 to $24.00 in a report issued on Friday, Benzinga reports. The brokerage presently has an "underweight" rating on the oil and natural gas company's stock. Wells Fargo & Company's price target points to a potential downside of 10.58% from the stock's current price.

A number of other research firms have also weighed in on AR. UBS Group began coverage on Antero Resources in a report on Wednesday. They set a "neutral" rating and a $33.00 target price for the company. BMO Capital Markets raised their price objective on Antero Resources from $33.00 to $34.00 and gave the company a "market perform" rating in a research report on Friday, October 4th. Roth Mkm began coverage on Antero Resources in a research note on Tuesday, August 27th. They issued a "buy" rating and a $32.00 target price on the stock. Wolfe Research raised shares of Antero Resources from a "peer perform" rating to an "outperform" rating and set a $37.00 price target for the company in a research report on Wednesday, September 11th. Finally, The Goldman Sachs Group reduced their price objective on shares of Antero Resources from $36.00 to $32.00 and set a "buy" rating for the company in a research note on Friday, September 6th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $32.76.

Antero Resources Trading Down 1.7 %

Shares of NYSE AR traded down $0.46 during trading hours on Friday, reaching $26.84. The stock had a trading volume of 3,022,914 shares, compared to its average volume of 4,109,758. Antero Resources has a 52-week low of $20.10 and a 52-week high of $36.28. The firm has a market cap of $8.34 billion, a price-to-earnings ratio of 134.20 and a beta of 3.33. The business's fifty day moving average price is $27.50 and its two-hundred day moving average price is $30.37. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22.

Antero Resources (NYSE:AR - Get Free Report) last issued its earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.04). The firm had revenue of $978.65 million during the quarter, compared to analysts' expectations of $980.20 million. Antero Resources had a return on equity of 0.45% and a net margin of 1.88%. Analysts expect that Antero Resources will post -0.21 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Yvette K. Schultz sold 50,000 shares of the firm's stock in a transaction 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 completion of the transaction, the insider now owns 248,363 shares of the company's stock, valued at $6,268,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AR. Vanguard Group Inc. raised its position in shares of Antero Resources by 1.3% in the first quarter. Vanguard Group Inc. now owns 28,066,610 shares of the oil and natural gas company's stock worth $813,932,000 after acquiring an additional 372,450 shares during the period. Vaughan Nelson Investment Management L.P. raised its holdings in Antero Resources by 269.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 3,967,300 shares of the oil and natural gas company's stock worth $129,453,000 after purchasing an additional 2,893,395 shares during the period. Merewether Investment Management LP boosted its position in Antero Resources by 4.6% during the second quarter. Merewether Investment Management LP now owns 2,943,948 shares of the oil and natural gas company's stock worth $96,061,000 after purchasing an additional 128,200 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Antero Resources by 17.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,541,813 shares of the oil and natural gas company's stock valued at $82,939,000 after purchasing an additional 381,310 shares during the period. Finally, Natixis Advisors LLC increased its position in shares of Antero Resources by 488.7% in the second quarter. Natixis Advisors LLC now owns 1,428,864 shares of the oil and natural gas company's stock valued at $46,624,000 after buying an additional 1,186,163 shares in the last quarter. 83.04% of the stock is currently owned by hedge funds and other 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.