Barclays Lowers Antero Resources (NYSE:AR) Price Target to $30.00

Antero Resources (NYSE:AR) had its price objective decreased by equities researchers at Barclays from $32.00 to $30.00 in a report released on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the oil and natural gas company’s stock. Barclays‘s price target indicates a potential upside of 0.05% from the stock’s current price.

AR has been the topic of a number of other research reports. Roth Mkm initiated coverage on shares of Antero Resources in a research note on Tuesday, August 27th. They set a “buy” rating and a $32.00 price target on the stock. Morgan Stanley cut their price target on shares of Antero Resources from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Jefferies Financial Group increased their price target 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. JPMorgan Chase & Co. cut their price target on shares of Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, September 12th. Finally, Citigroup started coverage on shares of Antero Resources in a research note on Tuesday, September 17th. They issued a “neutral” rating and a $29.00 target price on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.59.

Antero Resources Stock Performance

Shares of AR stock opened at $29.99 on Thursday. 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 firm has a market capitalization of $9.32 billion, a price-to-earnings ratio of 149.93 and a beta of 3.33. Antero Resources has a one year low of $20.10 and a one year high of $36.28. The company has a 50 day moving average price of $27.27 and a 200 day moving average price of $30.30.

Antero Resources (NYSE:AR) last posted its quarterly 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 for the quarter, compared to analysts’ expectations of $980.20 million. Antero Resources had a return on equity of 0.45% and a net margin of 1.88%. Sell-side analysts anticipate that Antero Resources will post 0.02 EPS for the current year.

Insider Activity at Antero Resources

In related news, insider Yvette K. Schultz sold 50,000 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now directly owns 248,363 shares of the company’s stock, valued at approximately $6,268,682.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Diversified Trust Co acquired a new position in Antero Resources during the 2nd quarter worth $1,154,000. MADDEN SECURITIES Corp grew its position in shares of Antero Resources by 38.5% during the 1st quarter. MADDEN SECURITIES Corp now owns 150,045 shares of the oil and natural gas company’s stock valued at $4,351,000 after buying an additional 41,725 shares during the last quarter. CHURCHILL MANAGEMENT Corp acquired a new stake in Antero Resources during the first quarter worth about $1,544,000. GSA Capital Partners LLP acquired a new stake in Antero Resources during the first quarter worth about $1,022,000. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in Antero Resources by 47.1% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,073,905 shares of the oil and natural gas company’s stock worth $31,144,000 after acquiring an additional 343,905 shares during the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

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.