Antero Resources (NYSE:AR) Price Target Lowered to $7.50 at TD Securities

Antero Resources (NYSE:AR) had its price objective decreased by TD Securities from $9.00 to $7.50 in a report published on Friday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the oil and natural gas company’s stock.

A number of other brokerages have also recently weighed in on AR. Cowen initiated coverage on Antero Resources in a research report on Tuesday, April 9th. They issued a market perform rating and a $11.00 price target for the company. Canaccord Genuity restated an average rating and issued a $3.50 price target on shares of Antero Resources in a research report on Wednesday, June 26th. Macquarie upgraded Antero Resources from an underperform rating to a neutral rating in a research report on Friday. They noted that the move was a valuation call. Capital One Financial upgraded Antero Resources from an underweight rating to an equal weight rating in a research report on Tuesday, June 18th. Finally, Goldman Sachs Group initiated coverage on Antero Resources in a research report on Friday, April 12th. They issued a buy rating and a $10.50 price target for the company. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $12.65.

Shares of AR stock traded up $0.14 during mid-day trading on Friday, reaching $4.65. The stock had a trading volume of 13,351,905 shares, compared to its average volume of 9,488,964. Antero Resources has a 12-month low of $3.95 and a 12-month high of $20.21. The firm has a market capitalization of $1.44 billion, a P/E ratio of 6.04 and a beta of 0.71. The firm’s 50-day moving average is $5.16. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.43 and a current ratio of 0.43.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.08). Antero Resources had a negative net margin of 4.91% and a positive return on equity of 2.98%. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the business earned $0.02 EPS. The company’s quarterly revenue was up .1% compared to the same quarter last year. On average, equities analysts forecast that Antero Resources will post -0.03 EPS for the current fiscal year.

In related news, Director James R. Levy sold 16,094,190 shares of Antero Resources stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $6.17, for a total transaction of $99,301,152.30. Following the completion of the sale, the director now owns 116,214 shares in the company, valued at approximately $717,040.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Glen C. Warren, Jr. acquired 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were bought at an average price of $6.93 per share, with a total value of $173,250.00. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 48,050 shares of company stock valued at $330,062. 9.70% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of the business. Swiss National Bank boosted its stake in Antero Resources by 15.9% in the 2nd quarter. Swiss National Bank now owns 488,100 shares of the oil and natural gas company’s stock worth $2,699,000 after buying an additional 67,100 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Antero Resources by 19.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 74,035 shares of the oil and natural gas company’s stock worth $409,000 after buying an additional 11,893 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in Antero Resources by 7.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 48,860 shares of the oil and natural gas company’s stock worth $270,000 after buying an additional 3,486 shares during the last quarter. Westpac Banking Corp acquired a new stake in Antero Resources in the 2nd quarter worth about $201,000. Finally, DDD Partners LLC acquired a new stake in Antero Resources in the 2nd quarter worth about $7,224,000. 95.02% of the stock is currently owned by hedge funds and other institutional investors.

About Antero Resources

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, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.

Read More: What is a blue-chip stock?

Analyst Recommendations for Antero Resources (NYSE:AR)

Receive News & Ratings for Antero Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antero Resources and related companies with MarketBeat.com's FREE daily email newsletter.