Antero Resources (NYSE:AR) PT Lowered to $32.00 at The Goldman Sachs Group

Antero Resources (NYSE:AR) had its target price lowered by equities research analysts at The Goldman Sachs Group from $36.00 to $32.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the oil and natural gas company’s stock. The Goldman Sachs Group’s target price suggests a potential upside of 27.14% from the company’s previous close.

AR has been the topic of several other research reports. Wolfe Research initiated coverage on shares of Antero Resources in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Wells Fargo & Company reduced their target price on shares of Antero Resources from $38.00 to $34.00 and set an “overweight” rating for the company in a report on Wednesday, August 14th. Jefferies Financial Group boosted their target price on shares of Antero Resources from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Scotiabank raised Antero Resources from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $40.00 to $44.00 in a research report on Tuesday, August 20th. Finally, Roth Capital raised Antero Resources to a “strong-buy” rating in a report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $33.29.

Antero Resources Stock Down 0.6 %

Shares of NYSE AR traded down $0.16 during midday trading on Friday, reaching $25.17. 1,352,511 shares of the company’s stock traded hands, compared to its average volume of 4,147,678. The company has a market cap of $7.82 billion, a price-to-earnings ratio of 125.25 and a beta of 3.40. The stock’s 50 day simple moving average is $28.95 and its 200-day simple moving average is $30.08. 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 one year low of $20.10 and a one year high of $36.28.

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 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 firm had revenue of $978.65 million during the quarter, compared to the consensus estimate of $980.20 million. On average, analysts predict that Antero Resources will post 0.34 EPS for the current fiscal year.

Insider Activity

In other Antero Resources news, insider Yvette K. Schultz sold 50,000 shares of Antero Resources stock in a transaction dated 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 in the company, valued at $6,268,682.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AR. Eagle Asset Management Inc. grew its holdings in Antero Resources by 9.3% during the 4th quarter. Eagle Asset Management Inc. now owns 3,340,434 shares of the oil and natural gas company’s stock worth $75,761,000 after acquiring an additional 285,485 shares in the last quarter. Diversified Trust Co purchased a new position in Antero Resources in the second quarter valued at $1,154,000. M&T Bank Corp raised its stake in Antero Resources by 5.6% in the fourth quarter. M&T Bank Corp now owns 21,474 shares of the oil and natural gas company’s stock valued at $487,000 after buying an additional 1,141 shares in the last quarter. MADDEN SECURITIES Corp raised its stake in Antero Resources by 38.5% in the first 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 in the last quarter. Finally, National Bank of Canada FI lifted its holdings in Antero Resources by 223.3% during the 4th quarter. National Bank of Canada FI now owns 121,911 shares of the oil and natural gas company’s stock worth $2,758,000 after buying an additional 84,201 shares during the last quarter. 83.04% of the stock is currently owned by hedge funds and other 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.