Truist Financial Trims Antero Resources (NYSE:AR) Target Price to $28.00

Antero Resources (NYSE:AR) had its price target lowered by investment analysts at Truist Financial from $29.00 to $28.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “hold” rating on the oil and natural gas company’s stock. Truist Financial’s target price suggests a potential downside of 1.23% from the company’s current price.

AR has been the subject of a number of other reports. JPMorgan Chase & Co. cut their price target on 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 lowered their price target on shares of Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Citigroup assumed coverage on shares of Antero Resources in a research note on Tuesday, September 17th. They set a “neutral” rating and a $29.00 price objective for the company. 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, Scotiabank raised shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $40.00 to $44.00 in a report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Antero Resources presently has a consensus rating of “Moderate Buy” and an average target price of $33.19.

Antero Resources Stock Performance

Shares of NYSE:AR traded down $0.36 during mid-day trading on Monday, reaching $28.35. The company had a trading volume of 229,700 shares, compared to its average volume of 4,136,072. The company’s 50-day moving average price is $27.34 and its 200-day moving average price is $30.27. Antero Resources has a one year low of $20.10 and a one year high of $36.28. The firm has a market cap of $8.81 billion, a price-to-earnings ratio of 142.00 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 (NYSE:AR) last announced its quarterly earnings data 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 firm had revenue of $978.65 million during the quarter, compared to the consensus estimate of $980.20 million. Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. As a group, equities research analysts anticipate that Antero Resources will post 0.02 EPS 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 owns 248,363 shares in the company, valued at $6,268,682.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 stock. Allspring Global Investments Holdings LLC boosted its stake 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 purchasing an additional 892 shares in the last quarter. Mather Group LLC. bought a new position in Antero Resources during the first quarter valued at approximately $37,000. Benjamin F. Edwards & Company Inc. boosted its holdings in Antero Resources by 11.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,384 shares of the oil and natural gas company’s stock worth $98,000 after purchasing an additional 343 shares during the last quarter. Manchester Capital Management LLC grew its position in Antero Resources by 382.1% in the 1st quarter. Manchester Capital Management LLC now owns 3,375 shares of the oil and natural gas company’s stock worth $98,000 after purchasing an additional 2,675 shares during the period. Finally, GAMMA Investing LLC raised its stake in Antero Resources by 27.8% during the 2nd quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock valued at $98,000 after buying an additional 655 shares during the last quarter. 83.04% of the stock is owned by 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.