Antero Resources (NYSE:AR) Coverage Initiated at Bank of America

Bank of America assumed coverage on shares of Antero Resources (NYSE:AR) in a report issued on Monday morning, Marketbeat.com reports. The firm issued a buy rating and a $36.00 target price on the oil and natural gas company’s stock.

Other research analysts also recently issued reports about the stock. JPMorgan Chase & Co. decreased their price target on shares of Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday, September 12th. Wells Fargo & Company decreased their target price on Antero Resources from $25.00 to $24.00 and set an “underweight” rating on the stock in a report on Friday, October 18th. Barclays lowered their target price on Antero Resources from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. Wolfe Research upgraded Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 price target for the company in a research report on Wednesday, September 11th. Finally, Scotiabank raised Antero Resources from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $40.00 to $44.00 in a research note on Tuesday, August 20th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Antero Resources currently has an average rating of “Moderate Buy” and an average target price of $32.94.

Antero Resources Stock Down 8.3 %

Antero Resources stock opened at $25.89 on Monday. Antero Resources has a one year low of $20.10 and a one year high of $36.28. The stock has a fifty day moving average of $27.43 and a 200 day moving average of $30.24. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market cap of $8.05 billion, a PE ratio of 184.93 and a beta of 3.33.

Antero Resources (NYSE:AR) last released its quarterly earnings results on Wednesday, October 30th. The oil and natural gas company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.07). The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. As a group, sell-side analysts predict that Antero Resources will post -0.21 EPS for the current year.

Insider Buying and Selling

In other news, insider Yvette K. Schultz sold 50,000 shares of Antero Resources stock in a transaction dated 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 approximately $6,268,682.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Antero Resources

Several large investors have recently bought and sold shares of AR. UMB Bank n.a. lifted its position in 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 during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Antero Resources by 1,311.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock valued at $28,000 after buying an additional 892 shares in the last quarter. Mattson Financial Services LLC bought a new position in shares of Antero Resources in the 2nd quarter valued at about $64,000. Manchester Capital Management LLC grew its position in Antero Resources by 382.1% in the first quarter. Manchester Capital Management LLC now owns 3,375 shares of the oil and natural gas company’s stock worth $98,000 after acquiring an additional 2,675 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Antero Resources by 27.8% during the second quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock worth $98,000 after acquiring an additional 655 shares during the last quarter. Institutional investors 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.