Truist Financial Trims Antero Resources (NYSE:AR) Target Price to $28.00

Antero Resources (NYSE:AR) had its target price trimmed by Truist Financial from $29.00 to $28.00 in a research report report published on Monday, Benzinga reports. The firm currently has a hold rating on the oil and natural gas company’s stock.

AR has been the subject of a number of other reports. Roth Mkm began coverage on Antero Resources in a research note on Tuesday, August 27th. They set a buy rating and a $32.00 price target for the company. The Goldman Sachs Group decreased their target price on Antero Resources from $36.00 to $32.00 and set a buy rating for the company in a research report on Friday, September 6th. Scotiabank upgraded shares of Antero Resources from a sector perform rating to a sector outperform rating and upped their price target for the stock from $40.00 to $44.00 in a report on Tuesday, August 20th. Mizuho decreased their price objective on shares of Antero Resources from $37.00 to $35.00 and set a neutral rating for the company in a report on Monday, September 16th. Finally, JPMorgan Chase & Co. lowered their price objective 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. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Antero Resources has a consensus rating of Moderate Buy and a consensus target price of $32.63.

Antero Resources Stock Up 2.0 %

Shares of AR opened at $29.22 on Monday. 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 capitalization of $9.08 billion, a price-to-earnings ratio of 146.10 and a beta of 3.33. Antero Resources has a 1 year low of $20.10 and a 1 year high of $36.28. The business’s 50 day simple moving average is $27.26 and its 200-day simple moving average is $30.31.

Antero Resources (NYSE:AR) last announced its earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.04). The firm had revenue of $978.65 million during the quarter, compared to analysts’ expectations of $980.20 million. Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. As a group, equities analysts expect that Antero Resources will post 0.02 earnings per share for the current fiscal year.

Insider Activity at Antero Resources

In other Antero Resources news, insider Yvette K. Schultz sold 50,000 shares of the 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 of the company’s stock, valued at $6,268,682.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 6.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Antero Resources

Several hedge funds have recently modified their holdings of AR. Benjamin F. Edwards & Company Inc. grew its position in Antero Resources by 11.3% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,384 shares of the oil and natural gas company’s stock worth $98,000 after purchasing an additional 343 shares during the last quarter. Confluence Investment Management LLC grew its holdings in shares of Antero Resources by 3.4% during the second quarter. Confluence Investment Management LLC now owns 18,499 shares of the oil and natural gas company’s stock valued at $604,000 after buying an additional 616 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Antero Resources by 27.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock valued at $98,000 after acquiring an additional 655 shares during the period. Fund 1 Investments LLC raised its stake in Antero Resources by 2.0% in the 4th quarter. Fund 1 Investments LLC now owns 40,800 shares of the oil and natural gas company’s stock worth $925,000 after acquiring an additional 800 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in Antero Resources by 1,311.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock worth $28,000 after acquiring an additional 892 shares during the period. Institutional investors and hedge funds 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.