Antero Resources (NYSE:AR) Shares Down 3.2% Following Analyst Downgrade

Antero Resources Co. (NYSE:AR - Get Free Report) traded down 3.2% on Friday after Wells Fargo & Company lowered their price target on the stock from $25.00 to $24.00. Wells Fargo & Company currently has an underweight rating on the stock. Antero Resources traded as low as $26.40 and last traded at $26.44. 575,038 shares traded hands during trading, a decline of 86% from the average session volume of 4,096,281 shares. The stock had previously closed at $27.30.

AR has been the topic of a number of other research reports. JPMorgan Chase & Co. lowered their price target on Antero Resources from $37.00 to $30.00 and set an "overweight" rating on the stock in a research report on Thursday, September 12th. The Goldman Sachs Group reduced their price objective on Antero Resources from $36.00 to $32.00 and set a "buy" rating for the company in a report on Friday, September 6th. Roth Mkm started coverage on Antero Resources in a report on Tuesday, August 27th. They set a "buy" rating and a $32.00 price objective for the company. Citigroup started coverage on Antero Resources in a report on Tuesday, September 17th. They set a "neutral" rating and a $29.00 price objective for the company. Finally, Barclays reduced their price objective on Antero Resources from $32.00 to $30.00 and set an "equal weight" rating for the company in a report on Thursday, October 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Antero Resources currently has a consensus rating of "Moderate Buy" and an average target price of $32.76.

Insider Activity at Antero Resources

In related news, insider Yvette K. Schultz sold 50,000 shares of Antero Resources stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $25.24, for a total value of $1,262,000.00. Following the completion of the transaction, the insider now directly owns 248,363 shares in the company, valued at approximately $6,268,682.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AR. UMB Bank n.a. boosted its holdings in Antero Resources by 357.3% in the 3rd quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company's stock valued at $25,000 after purchasing an additional 686 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in 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 during the period. Mather Group LLC. bought a new position in Antero Resources in the 1st quarter valued at $37,000. Mattson Financial Services LLC bought a new position in Antero Resources in the 2nd quarter valued at $64,000. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Antero Resources by 11.3% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,384 shares of the oil and natural gas company's stock worth $98,000 after acquiring an additional 343 shares during the last quarter. 83.04% of the stock is owned by institutional investors.

Antero Resources Price Performance

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 $8.34 billion, a P/E ratio of 131.65 and a beta of 3.33. The business's fifty day moving average price is $27.50 and its 200-day moving average price is $30.39.

Antero Resources (NYSE:AR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.04). Antero Resources had a return on equity of 0.45% and a net margin of 1.88%. The company had revenue of $978.65 million for the quarter, compared to the consensus estimate of $980.20 million. As a group, sell-side analysts predict that Antero Resources Co. will post -0.21 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.