Antero Resources (NYSE:AR) Raised to “Sell” at StockNews.com

Antero Resources (NYSE:AR) was upgraded by research analysts at StockNews.com to a “sell” rating in a research note issued on Friday.

Several other analysts have also issued reports on the stock. Scotiabank raised shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $40.00 to $44.00 in a research report on Tuesday, August 20th. Wells Fargo & Company reduced their price target on Antero Resources from $25.00 to $24.00 and set an “underweight” rating on the stock in a research report on Friday, October 18th. Barclays reduced their price target on Antero Resources from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. Truist Financial reduced their target price on Antero Resources from $29.00 to $28.00 and set a “hold” rating on the stock in a report on Monday, September 30th. Finally, Morgan Stanley reduced their target price on Antero Resources from $39.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Antero Resources has a consensus rating of “Moderate Buy” and an average target price of $32.94.

Antero Resources Stock Down 1.3 %

NYSE AR opened at $25.54 on Friday. The stock has a fifty day moving average of $27.37 and a 200-day moving average of $30.19. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. Antero Resources has a 52 week low of $20.10 and a 52 week high of $36.28. The stock has a market capitalization of $7.94 billion, a P/E ratio of 182.43 and a beta of 3.33.

Antero Resources (NYSE:AR) last released its quarterly earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). Antero Resources had a negative return on equity of 0.59% and a net margin of 1.03%. The business had revenue of $978.65 million for the quarter, compared to analyst estimates of $980.20 million. On average, equities research analysts forecast that Antero Resources will post -0.17 EPS for the current year.

Insider Buying and Selling

In other Antero Resources news, insider Yvette K. Schultz sold 50,000 shares of the stock in a transaction dated 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. UMB Bank n.a. increased 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 last quarter. Allspring Global Investments Holdings LLC lifted its position in Antero Resources by 1,311.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock valued at $28,000 after acquiring an additional 892 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in Antero Resources in the third quarter valued at $45,000. Mattson Financial Services LLC purchased a new stake in Antero Resources in the second quarter valued at $64,000. Finally, GAMMA Investing LLC raised its holdings 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 valued at $98,000 after buying an additional 655 shares during the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

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.