Antero Resources (NYSE:AR) PT Lowered to $32.00 at The Goldman Sachs Group

Antero Resources (NYSE:AR) had its target price trimmed by The Goldman Sachs Group from $36.00 to $32.00 in a research report released on Friday, Benzinga reports. The firm currently has a buy rating on the oil and natural gas company’s stock.

Several other research analysts have also issued reports on the stock. Scotiabank upgraded shares of Antero Resources from a sector perform rating to a sector outperform rating and lifted their price target for the stock from $40.00 to $44.00 in a research report on Tuesday, August 20th. Roth Mkm started coverage on Antero Resources in a research note on Tuesday, August 27th. They issued a buy rating and a $32.00 price target on the stock. Wells Fargo & Company decreased their target price on shares of Antero Resources from $38.00 to $34.00 and set an overweight rating for the company in a report on Wednesday, August 14th. Roth Capital upgraded shares of Antero Resources to a strong-buy rating in a research report on Tuesday, August 27th. Finally, Mizuho lifted their price objective on shares of Antero Resources from $29.00 to $37.00 and gave the stock a neutral rating in a research report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Antero Resources currently has a consensus rating of Moderate Buy and an average target price of $33.29.

Antero Resources Price Performance

Shares of NYSE:AR opened at $25.46 on Friday. Antero Resources has a 52 week low of $20.10 and a 52 week high of $36.28. The firm has a market capitalization of $7.91 billion, a P/E ratio of 127.30 and a beta of 3.33. The firm’s 50 day moving average is $28.81 and its two-hundred day moving average is $30.17. 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 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). Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. The company had revenue of $978.65 million during the quarter, compared to the consensus estimate of $980.20 million. Analysts anticipate that Antero Resources will post 0.34 earnings per share for the current year.

Insider Buying and Selling

In other 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 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 legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Eagle Asset Management Inc. lifted its holdings in Antero Resources by 9.3% during the 4th quarter. Eagle Asset Management Inc. now owns 3,340,434 shares of the oil and natural gas company’s stock worth $75,761,000 after buying an additional 285,485 shares in the last quarter. Diversified Trust Co acquired a new stake in Antero Resources in the second quarter worth about $1,154,000. M&T Bank Corp raised its holdings in Antero Resources by 5.6% during the 4th quarter. M&T Bank Corp now owns 21,474 shares of the oil and natural gas company’s stock worth $487,000 after purchasing an additional 1,141 shares during the last quarter. MADDEN SECURITIES Corp boosted its stake in shares of Antero Resources by 38.5% in the 1st quarter. MADDEN SECURITIES Corp now owns 150,045 shares of the oil and natural gas company’s stock valued at $4,351,000 after purchasing an additional 41,725 shares during the last quarter. Finally, National Bank of Canada FI grew its position in shares of Antero Resources by 223.3% during the 4th quarter. National Bank of Canada FI now owns 121,911 shares of the oil and natural gas company’s stock worth $2,758,000 after buying an additional 84,201 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

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.