Antero Resources (NYSE:AR) Lowered to Underweight at Wells Fargo & Company

Wells Fargo & Company downgraded shares of Antero Resources (NYSE:AR) from an overweight rating to an underweight rating in a research note issued to investors on Tuesday morning, MarketBeat.com reports. Wells Fargo & Company currently has $25.00 target price on the oil and natural gas company’s stock, down from their previous target price of $34.00.

A number of other equities research analysts have also weighed in on AR. Mizuho decreased their price objective on shares of Antero Resources from $37.00 to $35.00 and set a neutral rating for the company in a report on Monday, September 16th. JPMorgan Chase & Co. decreased their price objective on shares of Antero Resources from $37.00 to $30.00 and set an overweight rating for the company in a report on Thursday, September 12th. The Goldman Sachs Group decreased their price objective on shares of Antero Resources from $36.00 to $32.00 and set a buy rating for the company in a report on Friday, September 6th. Roth Mkm started coverage on shares of Antero Resources in a report on Tuesday, August 27th. They issued a buy rating and a $32.00 price target for the company. Finally, Roth Capital upgraded shares of Antero Resources to a strong-buy rating in a report on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $32.59.

Antero Resources Price Performance

Antero Resources stock opened at $29.99 on Tuesday. The firm has a 50-day moving average price of $27.27 and a 200-day moving average price of $30.30. The firm has a market capitalization of $9.32 billion, a PE ratio of 149.93 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. Antero Resources has a 12-month low of $20.10 and a 12-month high of $36.28.

Antero Resources (NYSE:AR) last announced its quarterly earnings data 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 net margin of 1.88% and a return on equity of 0.45%. The company had revenue of $978.65 million for the quarter, compared to the consensus estimate of $980.20 million. As a group, equities research analysts forecast that Antero Resources will post 0.02 EPS for the current year.

Insider Activity 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 stock was 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 approximately $6,268,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Antero Resources

Several institutional investors and hedge funds have recently made changes to their positions in AR. Allspring Global Investments Holdings LLC increased its holdings in Antero Resources by 1,311.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock worth $28,000 after buying an additional 892 shares during the period. Mather Group LLC. acquired a new stake in shares of Antero Resources in the first quarter worth $37,000. Mattson Financial Services LLC purchased a new position in shares of Antero Resources during the second quarter worth $64,000. Benjamin F. Edwards & Company Inc. lifted its position in Antero Resources by 11.3% during 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 purchasing an additional 343 shares during the period. Finally, Manchester Capital Management LLC boosted its holdings 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 valued at $98,000 after purchasing an additional 2,675 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

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.