Antero Resources (NYSE:AR) Price Target Cut to $35.00

Antero Resources (NYSE:AR) had its price target reduced by Mizuho from $37.00 to $35.00 in a report released on Monday, Benzinga reports. The firm presently has a “neutral” rating on the oil and natural gas company’s stock. Mizuho’s price objective would indicate a potential upside of 32.38% from the stock’s previous close.

Several other research firms have also recently commented on AR. Jefferies Financial Group raised their price target on shares of Antero Resources from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Wolfe Research upgraded shares of Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 price target on the stock in a report on Wednesday, September 11th. JPMorgan Chase & Co. lowered their price target on shares of Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a report on Thursday, September 12th. Scotiabank upgraded shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $40.00 to $44.00 in a report on Tuesday, August 20th. Finally, Roth Capital upgraded shares of Antero Resources to a “strong-buy” rating in a report on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $33.13.

Antero Resources Price Performance

Shares of NYSE:AR opened at $26.44 on Monday. The company has a market cap of $8.22 billion, a P/E ratio of 132.25 and a beta of 3.33. The company’s fifty day moving average is $28.00 and its two-hundred day moving average is $30.20. 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 has a 12-month low of $20.10 and a 12-month high of $36.28.

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 the consensus estimate of ($0.20) by ($0.04). Antero Resources had a return on equity of 0.45% and a net margin of 1.88%. The business had revenue of $978.65 million during the quarter, compared to analysts’ expectations of $980.20 million. Equities analysts expect that Antero Resources will post 0.34 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 company’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 completion of the sale, the insider now directly owns 248,363 shares in the company, valued at $6,268,682.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Antero Resources

Hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in shares of Antero Resources by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,782,069 shares of the oil and natural gas company’s stock valued at $40,417,000 after buying an additional 59,995 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of Antero Resources by 13.1% during the fourth quarter. Teacher Retirement System of Texas now owns 40,755 shares of the oil and natural gas company’s stock valued at $924,000 after buying an additional 4,732 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Antero Resources during the fourth quarter valued at about $707,000. Dimensional Fund Advisors LP raised its position in shares of Antero Resources by 28.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,659,033 shares of the oil and natural gas company’s stock valued at $128,352,000 after buying an additional 1,253,510 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of Antero Resources by 71.8% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 29,398 shares of the oil and natural gas company’s stock valued at $667,000 after buying an additional 12,285 shares during the last quarter. 83.04% of the stock is currently owned by 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.