Antero Resources (NYSE:AR) Stock Rating Lowered by Wells Fargo & Company

Antero Resources (NYSE:AR) was downgraded by Wells Fargo & Company from an “overweight” rating to an “underweight” rating in a note issued to investors on Tuesday, MarketBeat.com reports. They presently have a $25.00 price target on the oil and natural gas company’s stock, down from their previous price target of $34.00. Wells Fargo & Company‘s price objective would indicate a potential downside of 14.44% from the company’s current price.

Several other analysts have also weighed in on AR. Mizuho cut their price objective on Antero Resources from $37.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, September 16th. Scotiabank raised shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $40.00 to $44.00 in a report on Tuesday, August 20th. Jefferies Financial Group lifted their price objective on shares of Antero Resources from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Truist Financial cut their target price on shares of Antero Resources from $29.00 to $28.00 and set a “hold” rating for the company in a research note on Monday. Finally, The Goldman Sachs Group decreased their price target on shares of Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. 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 company. According to MarketBeat, Antero Resources presently has an average rating of “Moderate Buy” and an average target price of $32.63.

Antero Resources Stock Up 2.0 %

AR stock opened at $29.22 on Tuesday. The firm’s 50-day moving average is $27.26 and its two-hundred day moving average is $30.31. The company has a market capitalization of $9.08 billion, a price-to-earnings ratio of 146.10 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 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) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.04). The firm had revenue of $978.65 million for the quarter, compared to the consensus estimate of $980.20 million. Antero Resources had a return on equity of 0.45% and a net margin of 1.88%. On average, analysts forecast that Antero Resources will post 0.02 earnings per share for the current fiscal year.

Insider Activity at Antero Resources

In other news, insider Yvette K. Schultz sold 50,000 shares of the stock in a transaction that occurred on 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 sale, 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 through the SEC website. 6.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Antero Resources

Hedge funds have recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. raised its holdings in Antero Resources by 11.3% during the first 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. Confluence Investment Management LLC raised its stake in shares of Antero Resources by 3.4% in the 2nd quarter. Confluence Investment Management LLC now owns 18,499 shares of the oil and natural gas company’s stock valued at $604,000 after acquiring an additional 616 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Antero Resources by 27.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock worth $98,000 after purchasing an additional 655 shares during the last quarter. Fund 1 Investments LLC boosted its position in Antero Resources by 2.0% during the fourth quarter. Fund 1 Investments LLC now owns 40,800 shares of the oil and natural gas company’s stock worth $925,000 after purchasing an additional 800 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in 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 worth $28,000 after purchasing an additional 892 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

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.