Antero Resources (NYSE:AR) PT Lowered to $30.00 at JPMorgan Chase & Co.

Antero Resources (NYSE:AR) had its price target reduced by equities research analysts at JPMorgan Chase & Co. from $37.00 to $30.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the oil and natural gas company’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 13.25% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Wells Fargo & Company lowered their target price on shares of Antero Resources from $38.00 to $34.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 14th. Scotiabank upgraded shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $40.00 to $44.00 in a research report on Tuesday, August 20th. Wolfe Research upgraded shares of Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 price objective on the stock in a research report on Wednesday. The Goldman Sachs Group lowered their price objective on shares of Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Finally, Roth Capital upgraded shares of Antero Resources to a “strong-buy” rating in a research report on Tuesday, August 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Antero Resources currently has an average rating of “Moderate Buy” and a consensus target price of $33.40.

Antero Resources Stock Performance

Shares of AR opened at $26.49 on Thursday. 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 $8.24 billion, a PE ratio of 132.45 and a beta of 3.33. The company’s 50 day simple moving average is $28.12 and its 200-day simple moving average is $30.12. 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 earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). The business had revenue of $978.65 million for the quarter, compared to analysts’ expectations of $980.20 million. Antero Resources had a return on equity of 0.45% and a net margin of 1.88%. As a group, equities analysts predict that Antero Resources will post 0.34 EPS for the current year.

Insiders Place Their Bets

In related news, insider Yvette K. Schultz sold 50,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 248,363 shares of the company’s stock, valued at approximately $6,268,682.12. The transaction was disclosed in a filing with the SEC, which is available through this link. 6.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AR. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Antero Resources by 269.4% during the second 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 during the last quarter. Wellington Management Group LLP lifted its position in Antero Resources by 33.7% during the fourth quarter. Wellington Management Group LLP now owns 10,537,261 shares of the oil and natural gas company’s stock worth $238,985,000 after buying an additional 2,655,604 shares during the period. Dimensional Fund Advisors LP boosted its stake in Antero Resources by 28.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,659,033 shares of the oil and natural gas company’s stock worth $128,352,000 after buying an additional 1,253,510 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new stake in Antero Resources in the 1st quarter worth about $35,734,000. Finally, Natixis Advisors LLC grew its holdings in Antero Resources by 488.7% in the 2nd quarter. Natixis Advisors LLC now owns 1,428,864 shares of the oil and natural gas company’s stock valued at $46,624,000 after buying an additional 1,186,163 shares during the period. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

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.