Antero Resources (NYSE:AR) Price Target Cut to $32.00

Antero Resources (NYSE:AR) had its price target cut by The Goldman Sachs Group from $36.00 to $32.00 in a research note released on Friday morning, Benzinga reports. The firm currently has a buy rating on the oil and natural gas company’s stock.

AR has been the topic of a number of other reports. Scotiabank upgraded shares of Antero Resources from a sector perform rating to a sector outperform rating and upped their target price for the stock from $40.00 to $44.00 in a research note on Tuesday, August 20th. Wolfe Research started coverage on shares of Antero Resources in a research note on Thursday, July 18th. They set a peer perform rating on the stock. Roth Mkm started coverage on shares of Antero Resources in a research note on Tuesday, August 27th. They set a buy rating and a $32.00 target price on the stock. Jefferies Financial Group increased their price target on shares of Antero Resources from $40.00 to $41.00 and gave the company a buy rating in a research note on Thursday, July 11th. Finally, Roth Capital upgraded shares of Antero Resources to a strong-buy rating in a research note on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $33.29.

Antero Resources Stock Down 1.1 %

Shares of NYSE:AR opened at $25.17 on Friday. The firm’s 50-day moving average is $28.67 and its two-hundred day moving average is $30.16. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. Antero Resources has a 1 year low of $20.10 and a 1 year high of $36.28. The firm has a market capitalization of $7.83 billion, a PE ratio of 125.85 and a beta of 3.33.

Antero Resources (NYSE:AR) last released its earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). Antero Resources had a return on equity of 0.45% and a net margin of 1.88%. The firm had revenue of $978.65 million for the quarter, compared to analysts’ expectations of $980.20 million. Analysts predict that Antero Resources will post 0.35 EPS for the current year.

Insider Activity

In related news, insider Yvette K. Schultz sold 50,000 shares of the stock in a transaction on 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 completion of the sale, the insider now directly owns 248,363 shares of the company’s stock, valued at $6,268,682.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On Antero Resources

Hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its holdings 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 period. Mather Group LLC. acquired a new stake in Antero Resources in the first quarter valued at $37,000. Lindbrook Capital LLC lifted its holdings in Antero Resources by 35.1% in the first quarter. Lindbrook Capital LLC now owns 1,998 shares of the oil and natural gas company’s stock valued at $58,000 after acquiring an additional 519 shares during the period. Quadrant Capital Group LLC lifted its holdings in Antero Resources by 28.0% in the fourth quarter. Quadrant Capital Group LLC now owns 2,752 shares of the oil and natural gas company’s stock valued at $62,000 after acquiring an additional 602 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of Antero Resources by 11.3% in 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 buying an additional 343 shares in the last quarter. 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.