JPMorgan Chase & Co. Lowers Antero Resources (NYSE:AR) Price Target to $30.00

Antero Resources (NYSE:AR) had its target price trimmed by JPMorgan Chase & Co. from $37.00 to $30.00 in a research report report published on Thursday, Benzinga reports. The brokerage 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 shares of Antero Resources to a strong-buy rating in a report on Tuesday, August 27th. Wolfe Research raised shares of Antero Resources from a peer perform rating to an outperform rating and set a $37.00 price objective for the company in a research report on Wednesday, September 11th. Roth Mkm began coverage on Antero Resources in a report on Tuesday, August 27th. They issued a buy rating and a $32.00 target price on the stock. Wells Fargo & Company decreased their price target on Antero Resources from $38.00 to $34.00 and set an overweight rating for the company in a report on Wednesday, August 14th. Finally, The Goldman Sachs Group dropped their price objective on Antero Resources from $36.00 to $32.00 and set a buy rating on the stock in a report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Antero Resources has a consensus rating of Moderate Buy and an average target price of $33.40.

Antero Resources Stock Performance

NYSE:AR opened at $26.49 on Thursday. Antero Resources has a 52 week low of $20.10 and a 52 week high of $36.28. The company has a fifty day simple moving average of $28.12 and a two-hundred day simple moving average of $30.19. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. The company has a market cap of $8.24 billion, a price-to-earnings ratio of 132.45 and a beta of 3.33.

Antero Resources (NYSE:AR) last released its earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $980.20 million. As a group, equities analysts anticipate that Antero Resources will post 0.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Antero Resources news, insider Yvette K. Schultz sold 50,000 shares of the company’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 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 approximately $6,268,682.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Antero Resources

A number of large investors have recently bought and sold shares of AR. Eagle Asset Management Inc. lifted its holdings in shares of Antero Resources by 9.3% in the 4th quarter. Eagle Asset Management Inc. now owns 3,340,434 shares of the oil and natural gas company’s stock valued at $75,761,000 after buying an additional 285,485 shares during the period. Diversified Trust Co purchased a new stake in shares of Antero Resources during the 2nd quarter worth $1,154,000. MADDEN SECURITIES Corp grew its stake in shares of Antero Resources by 38.5% during the 1st quarter. MADDEN SECURITIES Corp now owns 150,045 shares of the oil and natural gas company’s stock worth $4,351,000 after purchasing an additional 41,725 shares during the period. CHURCHILL MANAGEMENT Corp purchased a new position in shares of Antero Resources in the 1st quarter valued at about $1,544,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Antero Resources in the first quarter valued at about $1,022,000. 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.