Antero Resources (NYSE:AR) PT Lowered to $37.00

Antero Resources (NYSE:ARGet Rating) had its target price decreased by Morgan Stanley from $40.00 to $37.00 in a report released on Monday, Marketbeat reports. Morgan Stanley currently has an equal weight rating on the oil and natural gas company’s stock.

Other analysts also recently issued research reports about the company. Mizuho dropped their price objective on Antero Resources from $53.00 to $49.00 and set a buy rating on the stock in a research note on Thursday, August 18th. TheStreet raised Antero Resources from a c rating to a b- rating in a research note on Wednesday, July 27th. Raymond James lifted their target price on Antero Resources from $52.00 to $60.00 in a report on Thursday, June 16th. The Goldman Sachs Group lifted their target price on Antero Resources from $43.00 to $48.00 and gave the stock a buy rating in a report on Monday, August 22nd. Finally, StockNews.com upgraded Antero Resources from a sell rating to a hold rating in a report on Friday, August 5th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Antero Resources currently has an average rating of Moderate Buy and an average price target of $45.70.

Antero Resources Price Performance

Shares of AR opened at $40.08 on Monday. The firm has a market cap of $12.27 billion, a price-to-earnings ratio of 14.90 and a beta of 3.68. Antero Resources has a 52 week low of $13.42 and a 52 week high of $48.80. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. The stock has a 50 day moving average of $36.61 and a 200-day moving average of $34.02.

Antero Resources (NYSE:ARGet Rating) last announced its earnings results on Wednesday, July 27th. The oil and natural gas company reported $1.69 earnings per share for the quarter, missing the consensus estimate of $1.90 by ($0.21). Antero Resources had a net margin of 16.24% and a return on equity of 19.52%. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the firm earned $0.12 EPS. The firm’s revenue was up 352.0% on a year-over-year basis. As a group, analysts forecast that Antero Resources will post 6.8 EPS for the current year.

Insider Activity

In other news, Director Robert J. Clark sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $40.17, for a total value of $200,850.00. Following the completion of the transaction, the director now owns 71,227 shares in the company, valued at approximately $2,861,188.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Robert J. Clark sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $40.17, for a total value of $200,850.00. Following the completion of the sale, the director now directly owns 71,227 shares in the company, valued at approximately $2,861,188.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider W Patrick Ash sold 36,701 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $38.89, for a total transaction of $1,427,301.89. Following the completion of the sale, the insider now owns 870,270 shares of the company’s stock, valued at $33,844,800.30. The disclosure for this sale can be found here. Insiders sold 46,701 shares of company stock worth $1,853,152 in the last quarter. Corporate insiders own 5.72% of the company’s stock.

Institutional Investors Weigh In On Antero Resources

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Antero Resources by 2.0% during the first quarter. Vanguard Group Inc. now owns 26,732,940 shares of the oil and natural gas company’s stock worth $816,157,000 after acquiring an additional 513,300 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Antero Resources by 66.1% during the first quarter. Goldman Sachs Group Inc. now owns 6,323,092 shares of the oil and natural gas company’s stock worth $193,043,000 after acquiring an additional 2,517,137 shares during the last quarter. Geode Capital Management LLC lifted its position in Antero Resources by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 5,148,331 shares of the oil and natural gas company’s stock worth $90,095,000 after acquiring an additional 94,814 shares during the last quarter. PointState Capital LP raised its position in shares of Antero Resources by 2.0% in the second quarter. PointState Capital LP now owns 4,236,737 shares of the oil and natural gas company’s stock valued at $129,856,000 after buying an additional 83,660 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Antero Resources by 46.3% in the second quarter. Renaissance Technologies LLC now owns 3,584,500 shares of the oil and natural gas company’s stock valued at $109,865,000 after buying an additional 1,134,200 shares in the last quarter. 80.15% of the stock is currently owned by institutional investors and hedge funds.

About Antero Resources

(Get Rating)

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2021, it had approximately 502,000 net acres in the Appalachian Basin; and 174,000 net acres in the Upper Devonian Shale.

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