Antero Resources (NYSE:AR) Price Target Cut to $38.00 by Analysts at Morgan Stanley

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

AR has been the topic of several other research reports. Roth Capital raised Antero Resources to a strong-buy rating in a report on Tuesday, August 27th. Scotiabank upgraded Antero Resources from a sector perform rating to a sector outperform rating and boosted their price target for the stock from $40.00 to $44.00 in a report on Tuesday, August 20th. JPMorgan Chase & Co. decreased their price target on shares of Antero Resources from $37.00 to $30.00 and set an overweight rating for the company in a research report on Thursday, September 12th. Wells Fargo & Company reduced their price objective on shares of Antero Resources from $38.00 to $34.00 and set an overweight rating on the stock in a research note on Wednesday, August 14th. Finally, Roth Mkm began coverage on Antero Resources in a research report on Tuesday, August 27th. They set a buy rating and a $32.00 target price for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $33.40.

Antero Resources Price Performance

AR stock opened at $26.69 on Monday. The company’s 50-day moving average price is $28.12 and its two-hundred day moving average price is $30.19. The firm has a market cap of $8.30 billion, a P/E ratio of 133.45 and a beta of 3.33. 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 12 month low of $20.10 and a 12 month high of $36.28.

Antero Resources (NYSE:AR) last issued its quarterly earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $980.20 million. On average, analysts anticipate that Antero Resources will post 0.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Antero Resources news, insider Yvette K. Schultz sold 50,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $25.24, for a total value of $1,262,000.00. Following the transaction, the insider now owns 248,363 shares in the company, valued at $6,268,682.12. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 6.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AR. Capital Impact Advisors LLC bought a new stake in Antero Resources during the second quarter worth $740,000. Creative Planning increased its position in shares of Antero Resources by 6.8% during the second quarter. Creative Planning now owns 21,056 shares of the oil and natural gas company’s stock valued at $687,000 after acquiring an additional 1,340 shares during the last quarter. Driehaus Capital Management LLC bought a new stake in Antero Resources during the second quarter worth $17,307,000. The Manufacturers Life Insurance Company raised its stake in shares of Antero Resources by 0.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 300,292 shares of the oil and natural gas company’s stock worth $9,799,000 after purchasing an additional 2,695 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of Antero Resources by 1,021.1% in the 2nd quarter. AQR Capital Management LLC now owns 483,725 shares of the oil and natural gas company’s stock worth $15,784,000 after buying an additional 440,578 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

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.