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

StockNews.com upgraded shares of Antero Resources (NYSE:AR) to a sell rating in a report issued on Friday morning.

A number of other research firms have also issued reports on AR. Barclays started coverage on Antero Resources in a report on Wednesday, April 10th. They issued an equal weight rating and a $32.00 target price for the company. Mizuho lifted their target price on Antero Resources from $28.00 to $29.00 and gave the company a neutral rating in a report on Wednesday, April 3rd. Tudor, Pickering, Holt & Co. upgraded Antero Resources from a hold rating to a buy rating and set a $32.00 target price for the company in a report on Wednesday, January 17th. JPMorgan Chase & Co. lifted their target price on Antero Resources from $30.00 to $32.00 and gave the company an overweight rating in a report on Wednesday, March 27th. Finally, Wells Fargo & Company lifted their target price on Antero Resources from $26.00 to $29.00 and gave the company an overweight rating in a report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $30.69.

Antero Resources Trading Up 1.2 %

AR opened at $33.80 on Friday. Antero Resources has a 52 week low of $19.91 and a 52 week high of $34.24. The business has a fifty day simple moving average of $27.65 and a 200-day simple moving average of $25.44. The firm has a market cap of $10.51 billion, a P/E ratio of 169.00 and a beta of 3.30. The company has a quick ratio of 0.33, a current ratio of 0.29 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR) last released its quarterly earnings results on Wednesday, April 24th. The oil and natural gas company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). Antero Resources had a return on equity of 0.18% and a net margin of 1.50%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the business earned $0.48 earnings per share. The company’s quarterly revenue was down 20.3% on a year-over-year basis. On average, equities analysts expect that Antero Resources will post 0.33 earnings per share for the current year.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 206,978 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total value of $5,412,474.70. Following the sale, the director now directly owns 3,793,022 shares in the company, valued at $99,187,525.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Sheri Pearce sold 28,009 shares of Antero Resources stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total transaction of $736,356.61. Following the sale, the insider now owns 106,698 shares in the company, valued at $2,805,090.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Howard Keenan, Jr. sold 206,978 shares of Antero Resources stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total value of $5,412,474.70. Following the sale, the director now owns 3,793,022 shares in the company, valued at approximately $99,187,525.30. The disclosure for this sale can be found here. Insiders have sold a total of 467,280 shares of company stock worth $12,153,605 over the last ninety days. Corporate insiders own 5.95% of the company’s stock.

Institutional Trading of Antero Resources

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Antero Resources by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 27,694,160 shares of the oil and natural gas company’s stock valued at $628,104,000 after acquiring an additional 173,378 shares during the period. Wellington Management Group LLP increased its position in Antero Resources by 33.7% in 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 acquiring an additional 2,655,604 shares during the period. Bank of New York Mellon Corp increased its position in Antero Resources by 11.6% in the 1st quarter. Bank of New York Mellon Corp now owns 8,840,690 shares of the oil and natural gas company’s stock valued at $256,380,000 after acquiring an additional 917,338 shares during the period. Dimensional Fund Advisors LP increased its position in Antero Resources by 28.5% in 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 acquiring an additional 1,253,510 shares during the period. Finally, Eagle Asset Management Inc. increased its position in Antero Resources by 9.3% in the 4th quarter. Eagle Asset Management Inc. now owns 3,340,434 shares of the oil and natural gas company’s stock valued at $75,761,000 after acquiring an additional 285,485 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

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.