Antero Resources (NYSE:AR) Now Covered by Analysts at Bank of America

Bank of America started coverage on shares of Antero Resources (NYSE:AR) in a research note published on Monday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $36.00 price target on the oil and natural gas company’s stock.

Several other analysts also recently weighed in on the company. Mizuho lowered their price objective on Antero Resources from $37.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. Morgan Stanley lowered their price target on shares of Antero Resources from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Roth Mkm assumed coverage on shares of Antero Resources in a report on Tuesday, August 27th. They issued a “buy” rating and a $32.00 price target on the stock. Scotiabank upgraded shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $40.00 to $44.00 in a research report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Antero Resources from $37.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, September 12th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.94.

Antero Resources Stock Performance

Antero Resources stock opened at $28.24 on Monday. The firm has a fifty day simple moving average of $27.43 and a two-hundred day simple moving average of $30.24. 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 twelve month low of $20.10 and a twelve month high of $36.28. The company has a market capitalization of $8.78 billion, a PE ratio of 141.20 and a beta of 3.33.

Antero Resources (NYSE:AR) last released its 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 company 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%. Research analysts expect that Antero Resources will post -0.21 EPS for the current year.

Insider Buying and Selling

In related news, insider Yvette K. Schultz sold 50,000 shares of the 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 completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.70% of the stock is owned by insiders.

Institutional Trading of Antero Resources

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Antero Resources by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 28,066,610 shares of the oil and natural gas company’s stock worth $813,932,000 after purchasing an additional 372,450 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Antero Resources by 269.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,967,300 shares of the oil and natural gas company’s stock worth $129,453,000 after buying an additional 2,893,395 shares in the last quarter. Merewether Investment Management LP grew its holdings in shares of Antero Resources by 4.6% during the second quarter. Merewether Investment Management LP now owns 2,943,948 shares of the oil and natural gas company’s stock valued at $96,061,000 after buying an additional 128,200 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Antero Resources by 17.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,541,813 shares of the oil and natural gas company’s stock valued at $82,939,000 after acquiring an additional 381,310 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Antero Resources by 36.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,747,304 shares of the oil and natural gas company’s stock worth $50,060,000 after acquiring an additional 464,970 shares during the last quarter. 83.04% of the stock is owned by institutional investors.

Antero Resources Company Profile

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.