Antero Resources (NYSE:AR) Price Target Lowered to $38.00 at Morgan Stanley

Antero Resources (NYSE:AR) had its target price dropped by equities researchers at Morgan Stanley from $39.00 to $38.00 in a report issued on Monday, Benzinga reports. The firm currently has an “overweight” rating on the oil and natural gas company’s stock. Morgan Stanley’s target price indicates a potential upside of 42.43% from the company’s previous close.

A number of other research analysts have also recently issued reports on AR. Wolfe Research raised shares of Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 price target for the company in a report on Wednesday, September 11th. Roth Capital raised shares of Antero Resources to a “strong-buy” rating in a report on Tuesday, August 27th. Scotiabank raised shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $40.00 to $44.00 in a report on Tuesday, August 20th. Mizuho decreased their price target on shares of Antero Resources from $37.00 to $35.00 and set a “neutral” rating for the company in a report on Monday. Finally, Wells Fargo & Company reduced their target price on shares of Antero Resources from $38.00 to $34.00 and set an “overweight” rating for the company in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Antero Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.40.

Antero Resources Stock Up 0.7 %

NYSE:AR traded up $0.19 during midday trading on Monday, reaching $26.68. 1,195,121 shares of the stock traded hands, compared to its average volume of 4,136,672. Antero Resources has a 12-month low of $20.10 and a 12-month high of $36.28. The business has a 50-day moving average of $28.12 and a two-hundred day moving average of $30.19. 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 capitalization of $8.30 billion, a PE ratio of 133.30 and a beta of 3.33.

Antero Resources (NYSE:AR) last posted 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). The firm had revenue of $978.65 million for the quarter, compared to analysts’ expectations of $980.20 million. Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. On average, equities analysts forecast that Antero Resources will post 0.34 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 dated 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 transaction, the insider now directly owns 248,363 shares in the company, valued at $6,268,682.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.70% of the company’s stock.

Institutional Trading of Antero Resources

Hedge funds have recently made changes to their positions in the company. Eagle Asset Management Inc. increased its position in shares of Antero Resources by 9.3% during the 4th quarter. Eagle Asset Management Inc. now owns 3,340,434 shares of the oil and natural gas company’s stock worth $75,761,000 after purchasing an additional 285,485 shares during the last quarter. Diversified Trust Co acquired a new stake in Antero Resources during the 2nd quarter worth approximately $1,154,000. MADDEN SECURITIES Corp boosted its position in Antero Resources by 38.5% in the 1st quarter. MADDEN SECURITIES Corp now owns 150,045 shares of the oil and natural gas company’s stock valued at $4,351,000 after buying an additional 41,725 shares during the period. CHURCHILL MANAGEMENT Corp acquired a new position in shares of Antero Resources in the first quarter worth $1,544,000. Finally, GSA Capital Partners LLP acquired a new position in Antero Resources in the first quarter valued at $1,022,000. 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.