Wells Fargo & Company Trims Antero Resources (NYSE:AR) Target Price to $24.00

Antero Resources (NYSE:AR) had its price objective trimmed by Wells Fargo & Company from $25.00 to $24.00 in a research note issued to investors on Friday morning, Benzinga reports. The firm currently has an underweight rating on the oil and natural gas company’s stock.

A number of other analysts have also recently weighed in on the stock. Roth Mkm started coverage on shares of Antero Resources in a report on Tuesday, August 27th. They set a “buy” rating and a $32.00 target price on the stock. BMO Capital Markets increased their price objective on shares of Antero Resources from $33.00 to $34.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. The Goldman Sachs Group decreased their target price on Antero Resources from $36.00 to $32.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Morgan Stanley lowered their target price on Antero Resources from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Finally, Mizuho cut their price target on Antero Resources from $37.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.76.

Antero Resources Stock Down 1.7 %

Shares of Antero Resources stock opened at $26.84 on Friday. The business has a 50-day moving average price of $27.50 and a 200 day moving average price of $30.37. Antero Resources has a fifty-two week low of $20.10 and a fifty-two week high of $36.28. The firm has a market cap of $8.34 billion, a P/E ratio of 134.20 and a beta of 3.33. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22.

Antero Resources (NYSE:AR) last issued its quarterly 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). 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%. On average, sell-side analysts forecast that Antero Resources will post -0.21 earnings per share for the current fiscal year.

Insider Buying and Selling

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 transaction of $1,262,000.00. Following the completion of the transaction, the insider now directly owns 248,363 shares of the company’s stock, valued at approximately $6,268,682.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Antero Resources

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Antero Resources by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 27,694,160 shares of the oil and natural gas company’s stock valued at $628,104,000 after buying an additional 173,378 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of Antero Resources by 86.6% during the first quarter. Los Angeles Capital Management LLC now owns 18,366 shares of the oil and natural gas company’s stock valued at $533,000 after purchasing an additional 8,521 shares during the last quarter. Mather Group LLC. acquired a new position in shares of Antero Resources in the 1st quarter valued at $37,000. Wedmont Private Capital purchased a new position in Antero Resources in the 1st quarter worth about $432,000. Finally, CHURCHILL MANAGEMENT Corp acquired a new stake in Antero Resources during the 1st quarter worth about $1,544,000. 83.04% of the stock is owned by institutional investors and hedge funds.

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.