Antero Resources (NYSE:AR) Cut to Underweight at Wells Fargo & Company

Wells Fargo & Company downgraded shares of Antero Resources (NYSE:AR) from an overweight rating to an underweight rating in a research report sent to investors on Tuesday, MarketBeat.com reports. They currently have $25.00 price objective on the oil and natural gas company’s stock, down from their prior price objective of $34.00.

A number of other brokerages have also weighed in on AR. Roth Mkm began coverage on shares of Antero Resources in a report on Tuesday, August 27th. They set a buy rating and a $32.00 price objective on the stock. Citigroup began coverage on shares of Antero Resources in a report on Tuesday, September 17th. They set a neutral rating and a $29.00 price objective on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Antero Resources from $37.00 to $30.00 and set an overweight rating on the stock in a report on Thursday, September 12th. Jefferies Financial Group boosted their price objective on shares of Antero Resources from $40.00 to $41.00 and gave the company a buy rating in a report on Thursday, July 11th. Finally, Roth Capital raised shares of Antero Resources to a strong-buy rating in a report on Tuesday, August 27th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Antero Resources currently has an average rating of Moderate Buy and a consensus price target of $32.50.

Antero Resources Stock Up 3.5 %

Shares of Antero Resources stock opened at $30.26 on Tuesday. Antero Resources has a 1 year low of $20.10 and a 1 year high of $36.28. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market cap of $9.41 billion, a price-to-earnings ratio of 151.30 and a beta of 3.33. The firm’s 50-day moving average is $27.25 and its two-hundred day moving average is $30.30.

Antero Resources (NYSE:AR) last issued its quarterly earnings data 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). Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. The company had revenue of $978.65 million for the quarter, compared to the consensus estimate of $980.20 million. As a group, research analysts expect that Antero Resources will post 0.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Yvette K. Schultz sold 50,000 shares of the business’s 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 completion of the sale, the insider now directly owns 248,363 shares in the company, valued at $6,268,682.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.70% of the stock is currently owned by company insiders.

Institutional Trading of Antero Resources

Institutional investors and hedge funds have recently modified their holdings of the stock. Mattson Financial Services LLC acquired a new stake in shares of Antero Resources in the second quarter worth approximately $64,000. Capital Impact Advisors LLC purchased a new position in Antero Resources in the 2nd quarter valued at $740,000. Creative Planning lifted its holdings in Antero Resources by 6.8% in the 2nd quarter. Creative Planning now owns 21,056 shares of the oil and natural gas company’s stock valued at $687,000 after purchasing an additional 1,340 shares in the last quarter. Driehaus Capital Management LLC acquired a new stake in shares of Antero Resources in the second quarter valued at about $17,307,000. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Antero Resources by 0.9% in the second 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 buying an additional 2,695 shares in the last quarter. Hedge funds and other institutional investors 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.