Antero Resources (NYSE:AR) Given New $30.00 Price Target at JPMorgan Chase & Co.

Antero Resources (NYSE:AR) had its price objective lowered by JPMorgan Chase & Co. from $37.00 to $30.00 in a research report report published on Thursday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the oil and natural gas company’s stock.

Several other equities research analysts also recently weighed in on the stock. The Goldman Sachs Group lowered their target price on shares of Antero Resources from $36.00 to $32.00 and set a buy rating for the company in a research note on Friday, September 6th. Jefferies Financial Group raised their price objective on Antero Resources from $40.00 to $41.00 and gave the stock a buy rating in a research report on Thursday, July 11th. Wolfe Research raised Antero Resources from a peer perform rating to an outperform rating and set a $37.00 target price on the stock in a research report on Wednesday. Wells Fargo & Company lowered their price target on Antero Resources from $38.00 to $34.00 and set an overweight rating for the company in a report on Wednesday, August 14th. Finally, Roth Mkm started coverage on shares of Antero Resources in a report on Tuesday, August 27th. They set a buy rating and a $32.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Antero Resources has a consensus rating of Moderate Buy and a consensus price target of $33.40.

Antero Resources Trading Up 0.3 %

AR opened at $26.58 on Thursday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. The firm has a market cap of $8.26 billion, a price-to-earnings ratio of 132.90 and a beta of 3.33. Antero Resources has a 12 month low of $20.10 and a 12 month high of $36.28. The stock has a fifty day moving average price of $28.25 and a 200-day moving average price of $30.11.

Antero Resources (NYSE:AR) last announced its 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 return on equity of 0.45% and a net margin of 1.88%. The firm had revenue of $978.65 million during the quarter, compared to the consensus estimate of $980.20 million. As a group, equities research analysts anticipate that Antero Resources will post 0.35 earnings per share for the current fiscal year.

Insider Activity

In related news, 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 completion of the transaction, the insider now directly owns 248,363 shares in the company, valued at $6,268,682.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On Antero Resources

A number of institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its holdings in Antero Resources by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,782,069 shares of the oil and natural gas company’s stock worth $40,417,000 after acquiring an additional 59,995 shares during the period. Teacher Retirement System of Texas boosted its position in Antero Resources by 13.1% in the 4th quarter. Teacher Retirement System of Texas now owns 40,755 shares of the oil and natural gas company’s stock worth $924,000 after purchasing an additional 4,732 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Antero Resources by 414.9% during the 4th quarter. BNP Paribas Financial Markets now owns 571,213 shares of the oil and natural gas company’s stock worth $12,955,000 after purchasing an additional 460,279 shares during the period. Jump Financial LLC purchased a new position in shares of Antero Resources during the 4th quarter valued at approximately $707,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of 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 purchasing an additional 1,253,510 shares during the period. 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.