Antero Resources (NYSE:AR) Downgraded by Wells Fargo & Company to Underweight

Wells Fargo & Company downgraded shares of Antero Resources (NYSE:AR) from an overweight rating to an underweight rating in a report released on Tuesday, Marketbeat reports. Wells Fargo & Company currently has $25.00 target price on the oil and natural gas company’s stock, down from their previous target price of $34.00.

A number of other equities research analysts also recently commented on AR. Jefferies Financial Group lifted their target price on Antero Resources from $40.00 to $41.00 and gave the company a buy rating in a research report on Thursday, July 11th. Mizuho reduced their target price on Antero Resources from $37.00 to $35.00 and set a neutral rating on the stock in a research report on Monday, September 16th. Truist Financial reduced their target price on Antero Resources from $29.00 to $28.00 and set a hold rating on the stock in a research report on Monday. Roth Capital upgraded Antero Resources to a strong-buy rating in a research report on Tuesday, August 27th. Finally, Roth Mkm started coverage on Antero Resources in a research report on Tuesday, August 27th. They issued a buy rating and a $32.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $32.50.

Antero Resources Stock Performance

Shares of Antero Resources stock opened at $30.26 on Tuesday. Antero Resources has a one year low of $20.10 and a one year high of $36.28. The company has a market cap of $9.41 billion, a price-to-earnings ratio of 151.30 and a beta of 3.33. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. The business’s 50 day moving average price is $27.25 and its 200 day moving average price is $30.30.

Antero Resources (NYSE:AR) last announced its quarterly earnings data on Wednesday, July 31st. The oil and natural gas company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). Antero Resources had a return on equity of 0.45% and a net margin of 1.88%. The company had revenue of $978.65 million for the quarter, compared to analysts’ expectations of $980.20 million. On average, research analysts predict that Antero Resources will post 0.02 EPS for the current year.

Insider Buying and Selling

In related news, insider Yvette K. Schultz sold 50,000 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the completion of the transaction, the insider now directly 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 Securities & Exchange Commission, which is available at the SEC website. 6.70% of the stock is currently owned by insiders.

Institutional Trading of Antero Resources

A number of institutional investors have recently bought and sold shares of AR. US Bancorp DE lifted its holdings in Antero Resources by 942.9% during the 4th quarter. US Bancorp DE now owns 35,937 shares of the oil and natural gas company’s stock worth $815,000 after buying an additional 32,491 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in Antero Resources by 544.3% during the 4th quarter. Hsbc Holdings PLC now owns 156,110 shares of the oil and natural gas company’s stock worth $3,557,000 after buying an additional 131,882 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Antero Resources by 118.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,055 shares of the oil and natural gas company’s stock worth $205,000 after buying an additional 4,910 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in Antero Resources by 9.9% during the 4th quarter. Allianz Asset Management GmbH now owns 408,778 shares of the oil and natural gas company’s stock worth $9,271,000 after buying an additional 36,848 shares during the last quarter. Finally, TFO Wealth Partners LLC lifted its holdings in Antero Resources by 22,993.5% during the 4th quarter. TFO Wealth Partners LLC now owns 7,159 shares of the oil and natural gas company’s stock worth $162,000 after buying an additional 7,128 shares during the last quarter. 83.04% of the stock is owned by hedge funds and other 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.