Antero Resources (NYSE:AR) Price Target Cut to $28.00

Antero Resources (NYSE:AR) had its target price lowered by Truist Financial from $29.00 to $28.00 in a report published on Monday, Benzinga reports. The firm currently has a hold rating on the oil and natural gas company’s stock.

A number of other equities research analysts have also weighed in on the company. Roth Mkm initiated coverage on Antero Resources in a research note on Tuesday, August 27th. They set a buy rating and a $32.00 price objective for the company. Wells Fargo & Company lowered their price objective on Antero Resources from $38.00 to $34.00 and set an overweight rating for the company in a research note on Wednesday, August 14th. The Goldman Sachs Group lowered their price objective on Antero Resources from $36.00 to $32.00 and set a buy rating for the company in a research note on Friday, September 6th. JPMorgan Chase & Co. lowered their price objective on Antero Resources from $37.00 to $30.00 and set an overweight rating for the company in a research note on Thursday, September 12th. Finally, Roth Capital upgraded Antero Resources to a strong-buy rating in a research note on Tuesday, August 27th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $32.50.

Antero Resources Stock Up 3.5 %

Shares of NYSE AR opened at $30.26 on Monday. Antero Resources has a 12-month low of $20.10 and a 12-month high of $36.28. The company has a market cap of $9.41 billion, a P/E ratio of 151.30 and a beta of 3.33. 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 stock has a fifty day moving average price of $27.25 and a 200 day moving average price of $30.30.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. The company had revenue of $978.65 million during the quarter, compared to analyst estimates of $980.20 million. Research analysts anticipate that Antero Resources will post 0.02 EPS for the current fiscal year.

Insider Buying and Selling

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 transaction, the insider now directly owns 248,363 shares in the company, valued at $6,268,682.12. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 6.70% of the company’s stock.

Institutional Trading of Antero Resources

A number of hedge funds have recently modified their holdings of the business. US Bancorp DE grew its holdings in shares of Antero Resources by 942.9% during the fourth quarter. US Bancorp DE now owns 35,937 shares of the oil and natural gas company’s stock valued at $815,000 after buying an additional 32,491 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Antero Resources by 544.3% during the fourth quarter. Hsbc Holdings PLC now owns 156,110 shares of the oil and natural gas company’s stock valued at $3,557,000 after buying an additional 131,882 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Antero Resources by 118.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,055 shares of the oil and natural gas company’s stock valued at $205,000 after buying an additional 4,910 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Antero Resources by 9.9% during the fourth quarter. Allianz Asset Management GmbH now owns 408,778 shares of the oil and natural gas company’s stock valued at $9,271,000 after buying an additional 36,848 shares in the last quarter. Finally, TFO Wealth Partners LLC grew its holdings in shares of Antero Resources by 22,993.5% during the fourth quarter. TFO Wealth Partners LLC now owns 7,159 shares of the oil and natural gas company’s stock valued at $162,000 after buying an additional 7,128 shares in the last quarter. Hedge funds and other 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.