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

Antero Resources (NYSE:AR) had its price target lowered by equities researchers at Wells Fargo & Company from $25.00 to $24.00 in a report issued on Friday, Benzinga reports. The brokerage presently has an “underweight” rating on the oil and natural gas company’s stock. Wells Fargo & Company‘s price target points to a potential downside of 10.58% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the company. The Goldman Sachs Group lowered their price objective 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. Citigroup assumed coverage on shares of Antero Resources in a research report on Tuesday, September 17th. They set a “neutral” rating and a $29.00 price target for the company. BMO Capital Markets upped their price target on shares of Antero Resources from $33.00 to $34.00 and gave the company a “market perform” rating in a report on Friday, October 4th. Roth Mkm began coverage on shares of Antero Resources in a report on Tuesday, August 27th. They set a “buy” rating and a $32.00 price objective for the company. Finally, Jefferies Financial Group upped their target price on shares of Antero Resources from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Two equities 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, Antero Resources has an average rating of “Moderate Buy” and a consensus price target of $32.76.

Antero Resources Price Performance

Shares of NYSE AR opened at $26.84 on Friday. The company has a market capitalization of $8.34 billion, a price-to-earnings ratio of 134.20 and a beta of 3.33. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. Antero Resources has a 1-year low of $20.10 and a 1-year high of $36.28. The business has a 50-day moving average of $27.50 and a 200-day moving average of $30.37.

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 for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. The firm had revenue of $978.65 million during the quarter, compared to analysts’ expectations of $980.20 million. On average, equities analysts anticipate that Antero Resources will post -0.21 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Yvette K. Schultz sold 50,000 shares of Antero Resources 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 directly owns 248,363 shares in the company, valued at $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 is available through this hyperlink. 6.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Antero Resources

Several large investors have recently made changes to their positions in AR. UMB Bank n.a. raised its stake in Antero Resources by 357.3% during the 3rd quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock valued at $25,000 after acquiring an additional 686 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Antero Resources by 1,311.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock valued at $28,000 after purchasing an additional 892 shares during the period. Mather Group LLC. bought a new stake in shares of Antero Resources during the first quarter valued at about $37,000. Mattson Financial Services LLC acquired a new stake in Antero Resources in the second quarter worth about $64,000. Finally, Benjamin F. Edwards & Company Inc. grew its position in Antero Resources by 11.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,384 shares of the oil and natural gas company’s stock valued at $98,000 after buying an additional 343 shares in the last quarter. 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.