Antero Resources (NYSE:AR) Price Target Cut to $24.00 by Analysts at Wells Fargo & Company

Antero Resources (NYSE:AR) had its target price trimmed by Wells Fargo & Company from $25.00 to $24.00 in a report published on Friday morning, Benzinga reports. The brokerage currently has an underweight rating on the oil and natural gas company’s stock.

Other research analysts have also issued reports about the company. Barclays lowered their price objective on Antero Resources from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Mizuho cut their target price on Antero Resources from $37.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. Morgan Stanley decreased their price target on Antero Resources from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Roth Mkm initiated coverage on Antero Resources in a research note on Tuesday, August 27th. They issued a “buy” rating and a $32.00 price objective on the stock. Finally, UBS Group began coverage on shares of Antero Resources in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $33.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $32.76.

Antero Resources Stock Performance

Shares of NYSE:AR opened at $26.86 on Friday. 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 has a 12-month low of $20.10 and a 12-month high of $36.28. The company’s 50 day moving average price is $27.50 and its two-hundred day moving average price is $30.38. The firm has a market cap of $8.35 billion, a PE ratio of 134.28 and a beta of 3.33.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $980.20 million. Equities research analysts predict that Antero Resources will post -0.21 earnings per share for the current year.

Insider Activity at Antero Resources

In other news, insider Yvette K. Schultz sold 50,000 shares of the business’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 directly owns 248,363 shares of the company’s stock, valued at $6,268,682.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 6.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Antero Resources

A number of institutional investors have recently made changes to their positions in the company. UMB Bank n.a. lifted its holdings in shares of Antero Resources by 357.3% during the third 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 in the last quarter. Allspring Global Investments Holdings LLC raised its position in Antero Resources by 1,311.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock worth $28,000 after buying an additional 892 shares during the last quarter. Mather Group LLC. bought a new position in Antero Resources during the 1st quarter valued at about $37,000. Mattson Financial Services LLC purchased a new stake in shares of Antero Resources during the 2nd quarter valued at about $64,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Antero Resources by 27.8% during the 2nd quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock valued at $98,000 after acquiring an additional 655 shares during 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.