Morgan Stanley Lowers Antero Resources (NYSE:AR) Price Target to $38.00

Antero Resources (NYSE:AR) had its target price decreased by Morgan Stanley from $39.00 to $38.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an “overweight” rating on the oil and natural gas company’s stock. Morgan Stanley’s target price would indicate a potential upside of 43.72% from the company’s current price.

A number of other analysts also recently issued reports on the company. Roth Capital upgraded Antero Resources to a “strong-buy” rating in a research report on Tuesday, August 27th. Mizuho dropped their price target on Antero Resources from $37.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday. JPMorgan Chase & Co. dropped their price target on Antero Resources from $37.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, September 12th. The Goldman Sachs Group dropped their target price on Antero Resources from $36.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Finally, Roth Mkm initiated coverage on Antero Resources in a research report on Tuesday, August 27th. They issued a “buy” rating and a $32.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $33.13.

Antero Resources Stock Down 0.9 %

Shares of NYSE AR opened at $26.44 on Monday. Antero Resources has a 52 week low of $20.10 and a 52 week high of $36.28. The business has a 50-day simple moving average of $28.00 and a two-hundred day simple moving average of $30.20. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. The company has a market cap of $8.22 billion, a P/E ratio of 132.25 and a beta of 3.33.

Antero Resources (NYSE:AR) last issued 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 company had revenue of $978.65 million during the quarter, compared to the consensus estimate of $980.20 million. Research analysts anticipate 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 value of $1,262,000.00. Following the transaction, the insider now directly owns 248,363 shares of the company’s stock, valued at approximately $6,268,682.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On Antero Resources

Several hedge funds have recently made changes to their positions in AR. Vaughan Nelson Investment Management L.P. increased its stake in shares of Antero Resources by 269.4% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,967,300 shares of the oil and natural gas company’s stock valued at $129,453,000 after buying an additional 2,893,395 shares during the period. Wellington Management Group LLP boosted its position in shares of Antero Resources by 33.7% during the fourth 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Antero Resources by 28.5% during the fourth 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 purchasing an additional 1,253,510 shares in the last quarter. Natixis Advisors LLC boosted its position in shares of Antero Resources by 488.7% during 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 purchasing an additional 1,186,163 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of Antero Resources by 7,781.2% during the second 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 in the last quarter. 83.04% of the stock is 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.