Wells Fargo & Company Lowers Antero Resources (NYSE:AR) Price Target to $34.00

Antero Resources (NYSE:AR) had its price objective decreased by Wells Fargo & Company from $38.00 to $34.00 in a research report report published on Wednesday, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the oil and natural gas company’s stock.

Other research analysts have also issued reports about the company. The Goldman Sachs Group raised their target price on Antero Resources from $32.00 to $36.00 and gave the stock a buy rating in a research report on Tuesday, May 28th. Scotiabank lifted their price objective on Antero Resources from $36.00 to $40.00 and gave the stock a sector perform rating in a research report on Tuesday, April 30th. Jefferies Financial Group raised their target price on Antero Resources from $40.00 to $41.00 and gave the company a buy rating in a research note on Thursday, July 11th. Wolfe Research assumed coverage on Antero Resources in a research note on Thursday, July 18th. They issued a peer perform rating for the company. Finally, Morgan Stanley upgraded Antero Resources from an equal weight rating to an overweight rating and raised their target price for the company from $26.00 to $36.00 in a research note on Wednesday, April 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Antero Resources presently has an average rating of Hold and an average target price of $33.38.

Antero Resources Trading Up 0.5 %

NYSE:AR traded up $0.14 during trading hours on Wednesday, hitting $27.54. 471,128 shares of the company were exchanged, compared to its average volume of 4,250,664. The stock has a market capitalization of $8.56 billion, a price-to-earnings ratio of 137.05 and a beta of 3.40. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. Antero Resources has a one year low of $20.10 and a one year high of $36.28. The company has a fifty day simple moving average of $31.03 and a 200 day simple moving average of $29.57.

Insider Transactions at Antero Resources

In related news, insider Yvette K. Schultz sold 50,000 shares of Antero Resources stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $25.24, for a total value of $1,262,000.00. Following the sale, the insider now owns 248,363 shares of the company’s stock, valued at approximately $6,268,682.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Antero Resources news, insider Sheri Pearce sold 16,377 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $35.50, for a total transaction of $581,383.50. Following the sale, the insider now owns 77,460 shares of the company’s stock, valued at approximately $2,749,830. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Yvette K. Schultz sold 50,000 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the transaction, the insider now owns 248,363 shares of the company’s stock, valued at $6,268,682.12. The disclosure for this sale can be found here. Company insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On Antero Resources

Hedge funds and other institutional investors have recently modified their holdings of the company. 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 purchasing an additional 2,893,395 shares in the last quarter. Wellington Management Group LLP increased its stake 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 grew its holdings 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 buying an additional 1,253,510 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in shares of Antero Resources during the first quarter valued at approximately $35,734,000. Finally, Natixis Advisors LLC grew its holdings 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 buying an additional 1,186,163 shares during the last quarter. 83.04% of the stock is owned by 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.