Antero Resources (NYSE:AR) Stock Price Down 3.2% on Analyst Downgrade

Shares of Antero Resources Co. (NYSE:AR) fell 3.2% during trading 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 mid-day 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 reports. BMO Capital Markets increased their price target on shares of Antero Resources from $33.00 to $34.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Wolfe Research raised shares of Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 target price on the stock in a report on Wednesday, September 11th. Mizuho lowered their price target on shares of Antero Resources from $37.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. UBS Group began coverage on Antero Resources in a research note on Wednesday. They set a “neutral” rating and a $33.00 price objective on the stock. Finally, Roth Mkm initiated coverage on Antero Resources in a research note on Tuesday, August 27th. They issued a “buy” rating and a $32.00 target price for the company. Two 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $32.76.

Insider Transactions at Antero Resources

In related news, insider Yvette K. Schultz sold 50,000 shares of Antero Resources stock in a transaction dated 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 completion of the sale, the insider now directly owns 248,363 shares in the company, valued at approximately $6,268,682.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.70% of the company’s stock.

Institutional Trading of Antero Resources

Several large investors have recently added to or reduced their stakes in AR. Benjamin F. Edwards & Company Inc. grew its holdings in Antero Resources by 11.3% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,384 shares of the oil and natural gas company’s stock valued at $98,000 after purchasing an additional 343 shares during the period. Chickasaw Capital Management LLC lifted its holdings in Antero Resources by 5.5% during the third quarter. Chickasaw Capital Management LLC now owns 9,540 shares of the oil and natural gas company’s stock valued at $273,000 after purchasing an additional 500 shares in the last quarter. Confluence Investment Management LLC boosted its position in shares of Antero Resources by 3.4% in the second quarter. Confluence Investment Management LLC now owns 18,499 shares of the oil and natural gas company’s stock worth $604,000 after purchasing an additional 616 shares during the period. GAMMA Investing LLC increased its stake in shares of Antero Resources by 27.8% in the second quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock worth $98,000 after purchasing an additional 655 shares in the last quarter. Finally, Wedmont Private Capital raised its position in shares of Antero Resources by 4.2% during the 3rd quarter. Wedmont Private Capital now owns 16,906 shares of the oil and natural gas company’s stock valued at $505,000 after purchasing an additional 681 shares during the period. 83.04% of the stock is currently owned by institutional investors.

Antero Resources Stock Performance

The company has a market cap of $8.34 billion, a PE ratio of 134.20 and a beta of 3.33. 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 business’s 50 day moving average is $27.50 and its two-hundred day moving average is $30.37.

Antero Resources (NYSE:AR) last announced its quarterly earnings data 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). The business had revenue of $978.65 million during the quarter, compared to analysts’ expectations of $980.20 million. Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. On average, equities research analysts anticipate that Antero Resources Co. will post -0.21 EPS for the current year.

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.