Antero Resources (NYSE:AR) Upgraded at StockNews.com

Antero Resources (NYSE:AR) was upgraded by analysts at StockNews.com to a “sell” rating in a report released on Friday.

AR has been the topic of several other reports. BMO Capital Markets increased their price target on Antero Resources from $33.00 to $34.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Barclays cut their price target on Antero Resources from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. Wells Fargo & Company cut their price target on Antero Resources from $25.00 to $24.00 and set an “underweight” rating on the stock in a research report on Friday, October 18th. Citigroup assumed coverage on Antero Resources in a research report on Tuesday, September 17th. They set a “neutral” rating and a $29.00 price target on the stock. Finally, The Goldman Sachs Group cut their price target on Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $32.94.

Antero Resources Stock Performance

AR stock traded down $0.34 during midday trading on Friday, reaching $25.54. The stock had a trading volume of 5,154,208 shares, compared to its average volume of 4,113,203. The stock has a market cap of $7.94 billion, a PE ratio of 182.43 and a beta of 3.33. 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 firm has a fifty day simple moving average of $27.37 and a two-hundred day simple moving average of $30.19. Antero Resources has a 52-week low of $20.10 and a 52-week high of $36.28.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, October 30th. The oil and natural gas company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.07). The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Antero Resources had a negative return on equity of 0.59% and a net margin of 1.03%. As a group, equities research analysts anticipate that Antero Resources will post -0.17 EPS for the current year.

Insider Buying and Selling

In related news, insider Yvette K. Schultz sold 50,000 shares of Antero Resources 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 sale, the insider now directly owns 248,363 shares in the company, valued at approximately $6,268,682.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 6.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Diversified Trust Co purchased a new position in Antero Resources in the 2nd quarter worth approximately $1,154,000. GSA Capital Partners LLP purchased a new position in Antero Resources in the 1st quarter worth approximately $1,022,000. Hood River Capital Management LLC lifted its stake in 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 worth $3,412,000 after purchasing an additional 52,843 shares in the last quarter. Vanguard Group Inc. lifted its stake in Antero Resources by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 28,066,610 shares of the oil and natural gas company’s stock worth $813,932,000 after purchasing an additional 372,450 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in Antero Resources by 269.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 3,967,300 shares of the oil and natural gas company’s stock worth $129,453,000 after purchasing an additional 2,893,395 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.