Antero Resources (NYSE:AR) PT Lowered to $38.00

Antero Resources (NYSE:AR) had its target price trimmed by Morgan Stanley from $39.00 to $38.00 in a research note released on Monday morning, Benzinga reports. The brokerage currently has an overweight rating on the oil and natural gas company’s stock.

Other research analysts also recently 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 target for the stock from $40.00 to $44.00 in a research note on Tuesday, August 20th. Roth Mkm initiated coverage on shares of Antero Resources in a research note on Tuesday, August 27th. They issued a buy rating and a $32.00 price target for the company. The Goldman Sachs Group reduced their price objective on Antero Resources from $36.00 to $32.00 and set a buy rating on the stock in a research note on Friday, September 6th. Wells Fargo & Company lowered their target price on Antero Resources from $38.00 to $34.00 and set an overweight rating for the company in a research note on Wednesday, August 14th. Finally, Wolfe Research upgraded Antero Resources from a peer perform rating to an outperform rating and set a $37.00 target price for the company in a report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $33.13.

Antero Resources Price Performance

Antero Resources stock opened at $27.25 on Monday. The business has a 50-day simple moving average of $27.77 and a 200 day simple moving average of $30.17. Antero Resources has a 52 week low of $20.10 and a 52 week high of $36.28. The stock has a market cap of $8.47 billion, a price-to-earnings ratio of 136.25 and a beta of 3.33. 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) 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). The company had revenue of $978.65 million for the quarter, compared to the consensus estimate of $980.20 million. Antero Resources had a return on equity of 0.45% and a net margin of 1.88%. On average, research analysts forecast that Antero Resources will post 0.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Antero Resources news, insider Yvette K. Schultz sold 50,000 shares of Antero Resources stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the sale, the insider now directly owns 248,363 shares of the company’s stock, valued at approximately $6,268,682.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AR. Vaughan Nelson Investment Management L.P. grew its stake in Antero Resources by 269.4% in the second 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. Wellington Management Group LLP boosted its holdings in shares of Antero Resources by 33.7% during 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 buying an additional 2,655,604 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Antero Resources by 28.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,659,033 shares of the oil and natural gas company’s stock valued at $128,352,000 after buying an additional 1,253,510 shares in the last quarter. Natixis Advisors LLC grew its position in shares of 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 worth $46,624,000 after buying an additional 1,186,163 shares during the period. Finally, Acadian Asset Management LLC increased its stake in shares of 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 worth $31,113,000 after acquiring an additional 941,756 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

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.