Antero Resources (NYSE:AR) PT Lowered to $38.00 at Morgan Stanley

Antero Resources (NYSE:AR) had its target price trimmed by Morgan Stanley from $39.00 to $38.00 in a report issued on Monday morning, Benzinga reports. The brokerage currently has an overweight rating on the oil and natural gas company’s stock.

Other equities analysts have also recently issued reports about the company. Wells Fargo & Company decreased their price objective on Antero Resources from $38.00 to $34.00 and set an overweight rating on the stock in a research note on Wednesday, August 14th. Jefferies Financial Group upped their price target on Antero Resources from $40.00 to $41.00 and gave the company a buy rating in a research report on Thursday, July 11th. Roth Mkm began coverage on shares of Antero Resources in a research report on Tuesday, August 27th. They issued a buy rating and a $32.00 price objective for the company. Scotiabank raised shares of Antero Resources from a sector perform rating to a sector outperform rating and upped their target price for the stock from $40.00 to $44.00 in a report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. cut their price target 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $33.40.

Antero Resources Trading Up 0.8 %

Shares of Antero Resources stock opened at $26.69 on Monday. 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 stock has a market capitalization of $8.30 billion, a P/E ratio of 133.45 and a beta of 3.33. Antero Resources has a 52-week low of $20.10 and a 52-week high of $36.28. The stock’s 50-day simple moving average is $28.12 and its 200 day simple moving average is $30.19.

Antero Resources (NYSE:AR) last announced its quarterly earnings results 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 net margin of 1.88% and a return on equity of 0.45%. The business had revenue of $978.65 million for the quarter, compared to analysts’ expectations of $980.20 million. As a group, research analysts anticipate that Antero Resources will post 0.34 EPS for the current year.

Insider Buying and Selling

In other Antero Resources news, insider Yvette K. Schultz sold 50,000 shares of Antero Resources stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the transaction, the insider now directly owns 248,363 shares of the company’s stock, valued at $6,268,682.12. The transaction 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 corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AR. Charles Schwab Investment Management Inc. boosted its stake in shares of Antero Resources by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,782,069 shares of the oil and natural gas company’s stock valued at $40,417,000 after purchasing an additional 59,995 shares during the period. Teacher Retirement System of Texas boosted its position in Antero Resources by 13.1% during the 4th quarter. Teacher Retirement System of Texas now owns 40,755 shares of the oil and natural gas company’s stock valued at $924,000 after buying an additional 4,732 shares during the period. Jump Financial LLC bought a new stake in Antero Resources in the 4th quarter worth $707,000. Dimensional Fund Advisors LP increased its position in shares of Antero Resources by 28.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,659,033 shares of the oil and natural gas company’s stock valued at $128,352,000 after acquiring an additional 1,253,510 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of Antero Resources by 71.8% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 29,398 shares of the oil and natural gas company’s stock valued at $667,000 after acquiring an additional 12,285 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.