Antero Resources (NYSE:AR) Raised to Outperform at Wolfe Research

Wolfe Research upgraded shares of Antero Resources (NYSE:AR) from a peer perform rating to an outperform rating in a research note released on Wednesday, Marketbeat reports. They currently have $37.00 price target on the oil and natural gas company’s stock.

A number of other research analysts have also weighed in on the stock. Roth Mkm began coverage on shares of Antero Resources in a research report on Tuesday, August 27th. They set a buy rating and a $32.00 target price for the company. Scotiabank upgraded shares of Antero Resources from a sector perform rating to a sector outperform rating and increased their price objective for the company from $40.00 to $44.00 in a report on Tuesday, August 20th. Roth Capital upgraded shares of Antero Resources to a strong-buy rating in a report on Tuesday, August 27th. The Goldman Sachs Group decreased 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 report on Friday, September 6th. Finally, Wells Fargo & Company cut their price target on shares of Antero Resources from $38.00 to $34.00 and set an overweight rating for the company in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Antero Resources currently has an average rating of Moderate Buy and an average price target of $33.40.

Antero Resources Stock Down 0.3 %

Shares of Antero Resources stock opened at $26.49 on Wednesday. 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 company has a fifty day moving average price of $28.12 and a 200 day moving average price of $30.12. The stock has a market cap of $8.24 billion, a price-to-earnings ratio of 132.45 and a beta of 3.33. Antero Resources has a twelve month low of $20.10 and a twelve month high of $36.28.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.04). The firm had revenue of $978.65 million during the quarter, compared to analyst estimates of $980.20 million. Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. Equities research analysts forecast that Antero Resources will post 0.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, insider Yvette K. Schultz sold 50,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now owns 248,363 shares of the company’s stock, valued at $6,268,682.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 6.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Antero Resources

Several institutional investors and hedge funds have recently bought and sold shares of AR. Vaughan Nelson Investment Management L.P. lifted its position in shares of Antero Resources by 269.4% in 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 acquiring an additional 2,893,395 shares in the last quarter. Wellington Management Group LLP increased its position 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 acquiring an additional 2,655,604 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in 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 worth $128,352,000 after purchasing an additional 1,253,510 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in Antero Resources during the first quarter worth about $35,734,000. Finally, Natixis Advisors LLC grew its stake in shares of Antero Resources by 488.7% in the second quarter. Natixis Advisors LLC now owns 1,428,864 shares of the oil and natural gas company’s stock worth $46,624,000 after acquiring an additional 1,186,163 shares in the last quarter. 83.04% of the stock is owned by hedge funds and other 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.