Antero Resources (NYSE:AR) Shares Down 3.2% on Analyst Downgrade

Antero Resources Co. (NYSE:AR)’s share price dropped 3.2% during trading on Friday after Wells Fargo & Company lowered their price target on the stock from $25.00 to $24.00. Wells Fargo & Company currently has an underweight rating on the stock. Antero Resources traded as low as $26.40 and last traded at $26.44. Approximately 575,038 shares changed hands during trading, a decline of 86% from the average daily volume of 4,096,281 shares. The stock had previously closed at $27.30.

A number of other equities research analysts also recently issued reports on AR. The Goldman Sachs Group decreased their price target on shares of Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Roth Capital upgraded shares of Antero Resources to a “strong-buy” rating in a research report on Tuesday, August 27th. Truist Financial dropped their price target on Antero Resources from $29.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Scotiabank upgraded Antero Resources from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $40.00 to $44.00 in a research report on Tuesday, August 20th. Finally, Wolfe Research upgraded 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. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $32.76.

Insider Activity at Antero Resources

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 value of $1,262,000.00. Following the transaction, the insider now directly owns 248,363 shares in the company, valued at $6,268,682.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Antero Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. raised its holdings in shares of 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 valued at $129,453,000 after purchasing an additional 2,893,395 shares in the last quarter. Natixis Advisors LLC raised its stake in Antero Resources by 488.7% in the second quarter. Natixis Advisors LLC now owns 1,428,864 shares of the oil and natural gas company’s stock worth $46,624,000 after buying an additional 1,186,163 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Antero Resources by 7,781.2% during the second quarter. Acadian Asset Management LLC now owns 953,859 shares of the oil and natural gas company’s stock worth $31,113,000 after buying an additional 941,756 shares during the period. William Blair Investment Management LLC bought a new stake in Antero Resources during the 1st quarter valued at $25,288,000. Finally, Castle Hook Partners LP increased its holdings in shares of Antero Resources by 160.3% in the 1st quarter. Castle Hook Partners LP now owns 1,226,758 shares of the oil and natural gas company’s stock valued at $35,576,000 after acquiring an additional 755,439 shares during the period. Institutional investors own 83.04% of the company’s stock.

Antero Resources Trading Down 1.7 %

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 stock has a market capitalization of $8.34 billion, a P/E ratio of 134.20 and a beta of 3.33. The company has a 50-day moving average price of $27.50 and a 200 day moving average price of $30.37.

Antero Resources (NYSE:AR) last posted its earnings results 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). The company had revenue of $978.65 million during the quarter, compared to analysts’ expectations of $980.20 million. Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. On average, research analysts forecast that Antero Resources Co. will post -0.21 earnings per share for the current fiscal year.

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.