Antero Resources (NYSE:AR) Price Target Cut to $30.00

Antero Resources (NYSE:AR) had its price objective lowered by Barclays from $32.00 to $30.00 in a research note published on Thursday morning, Benzinga reports. Barclays currently has an equal weight rating on the oil and natural gas company’s stock.

Other research analysts have also issued reports about the stock. Scotiabank raised shares of Antero Resources from a sector perform rating to a sector outperform rating and lifted their price objective for the stock from $40.00 to $44.00 in a research note on Tuesday, August 20th. The Goldman Sachs Group dropped 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. Morgan Stanley dropped their price objective on shares of Antero Resources from $39.00 to $38.00 and set an overweight rating for the company in a research note on Monday, September 16th. Roth Capital raised shares of Antero Resources to a strong-buy rating in a research note on Tuesday, August 27th. Finally, Wolfe Research raised shares of Antero Resources from a peer perform rating to an outperform rating and set a $37.00 price objective for the company in a research note on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $32.59.

Antero Resources Trading Down 0.9 %

AR stock opened at $29.99 on Thursday. The firm has a fifty day moving average price of $27.28 and a 200 day moving average price of $30.36. Antero Resources has a fifty-two week low of $20.10 and a fifty-two week high of $36.28. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market cap of $9.32 billion, a PE ratio of 149.95 and a beta of 3.33.

Antero Resources (NYSE:AR) last posted its earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates 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. Sell-side analysts anticipate that Antero Resources will post 0.02 earnings per share for the current fiscal year.

Insider Activity at Antero Resources

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 stock was sold at an average price of $25.24, for a total value of $1,262,000.00. Following the sale, the insider now owns 248,363 shares in the company, valued at $6,268,682.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of AR. Vaughan Nelson Investment Management L.P. raised its stake in shares of Antero Resources by 269.4% during 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 buying an additional 2,893,395 shares during the period. Wellington Management Group LLP raised its stake in Antero Resources by 33.7% in the 4th quarter. Wellington Management Group LLP now owns 10,537,261 shares of the oil and natural gas company’s stock valued at $238,985,000 after purchasing an additional 2,655,604 shares during the last quarter. Natixis Advisors LLC raised its stake in Antero Resources by 488.7% in the 2nd 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 purchasing an additional 1,186,163 shares during the last quarter. Acadian Asset Management LLC raised its stake in Antero Resources by 7,781.2% in the 2nd quarter. Acadian Asset Management LLC now owns 953,859 shares of the oil and natural gas company’s stock valued at $31,113,000 after purchasing an additional 941,756 shares during the last quarter. Finally, William Blair Investment Management LLC acquired a new position in Antero Resources in the 1st quarter valued at $25,288,000. 83.04% of the stock is owned by institutional investors and hedge funds.

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.