Antero Resources (NYSE:AR) Price Target Cut to $24.00 by Analysts at Wells Fargo & Company

Antero Resources (NYSE:AR) had its price objective cut by investment analysts at Wells Fargo & Company from $25.00 to $24.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has an “underweight” rating on the oil and natural gas company’s stock. Wells Fargo & Company‘s price target points to a potential downside of 8.85% from the stock’s previous close.

A number of other analysts have also recently commented on the company. UBS Group began coverage on Antero Resources in a research report on Wednesday. They issued a “neutral” rating and a $33.00 price target on the stock. Citigroup began coverage on Antero Resources in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $29.00 price target on the stock. Roth Mkm began coverage on Antero Resources in a research report on Tuesday, August 27th. They issued a “buy” rating and a $32.00 price target on the stock. Truist Financial dropped their price target on Antero Resources from $29.00 to $28.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Finally, Mizuho dropped their price target on Antero Resources from $37.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Antero Resources has an average rating of “Moderate Buy” and an average target price of $32.76.

Antero Resources Stock Down 3.6 %

Shares of AR stock traded down $0.97 during midday trading on Friday, reaching $26.33. 717,222 shares of the stock were exchanged, compared to its average volume of 4,097,709. Antero Resources has a 1 year low of $20.10 and a 1 year high of $36.28. The company’s 50 day moving average is $27.50 and its two-hundred day moving average is $30.39. 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 firm has a market cap of $8.18 billion, a PE ratio of 132.20 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) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). Antero Resources had a return on equity of 0.45% and a net margin of 1.88%. The firm had revenue of $978.65 million for the quarter, compared to analysts’ expectations of $980.20 million. On average, equities research analysts predict that Antero Resources will post -0.21 EPS for the current year.

Insiders Place Their Bets

In other Antero Resources news, insider Yvette K. Schultz sold 50,000 shares of the stock in a transaction on 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 in the company, valued at approximately $6,268,682.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 6.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Diversified Trust Co purchased a new position in shares of Antero Resources during the second quarter valued at about $1,154,000. CHURCHILL MANAGEMENT Corp bought a new position in shares of Antero Resources in the 1st quarter valued at about $1,544,000. GSA Capital Partners LLP bought a new position in shares of Antero Resources in the 1st quarter valued at about $1,022,000. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Antero Resources by 47.1% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,073,905 shares of the oil and natural gas company’s stock valued at $31,144,000 after acquiring an additional 343,905 shares during the last quarter. Finally, Hood River Capital Management LLC lifted its holdings in shares of Antero Resources by 81.5% in the 1st quarter. Hood River Capital Management LLC now owns 117,658 shares of the oil and natural gas company’s stock valued at $3,412,000 after acquiring an additional 52,843 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

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.