Antero Resources (NYSE:AR) Rating Increased to Sell at StockNews.com

Posted by on Aug 6th, 2023

Antero Resources (NYSE:AR – Get Free Report) was upgraded by analysts at StockNews.com to a “sell” rating in a research report issued on Friday.

AR has been the subject of several other reports. Siebert Williams Shank began coverage on shares of Antero Resources in a report on Friday, June 30th. They issued a “hold” rating and a $27.00 price objective for the company. Mizuho raised their price objective on shares of Antero Resources from $38.00 to $40.00 in a report on Friday, May 19th. Benchmark lowered their price objective on shares of Antero Resources from $36.00 to $32.00 and set a “buy” rating for the company in a report on Friday, July 14th. Morgan Stanley lowered their price objective on shares of Antero Resources from $24.00 to $23.00 and set an “equal weight” rating for the company in a report on Tuesday, July 18th. Finally, JPMorgan Chase & Co. lowered shares of Antero Resources from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $36.00 to $30.00 in a report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $33.58.

Antero Resources Stock Down 0.1 %

Shares of NYSE:AR opened at $27.52 on Friday. The stock’s 50-day moving average price is $23.01 and its 200-day moving average price is $23.94. Antero Resources has a 12-month low of $19.91 and a 12-month high of $45.33. The stock has a market capitalization of $8.27 billion, a P/E ratio of 6.20 and a beta of 3.47. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR – Get Free Report) last posted its earnings results on Thursday, July 27th. The oil and natural gas company reported ($0.28) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.01. The company had revenue of $953.31 million for the quarter, compared to analysts’ expectations of $935.87 million. Antero Resources had a return on equity of 13.17% and a net margin of 21.81%. Antero Resources’s quarterly revenue was down 56.7% on a year-over-year basis. During the same period last year, the firm earned $1.69 earnings per share. On average, equities analysts anticipate that Antero Resources will post 0.42 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AR. Captrust Financial Advisors lifted its stake in Antero Resources by 1.4% in the 3rd quarter. Captrust Financial Advisors now owns 30,771 shares of the oil and natural gas company’s stock worth $939,000 after purchasing an additional 414 shares in the last quarter. Mariner LLC lifted its stake in Antero Resources by 4.1% in the 4th quarter. Mariner LLC now owns 10,688 shares of the oil and natural gas company’s stock worth $331,000 after purchasing an additional 425 shares in the last quarter. Fifth Third Bancorp lifted its stake in Antero Resources by 14.4% in the 4th quarter. Fifth Third Bancorp now owns 3,774 shares of the oil and natural gas company’s stock worth $117,000 after purchasing an additional 474 shares in the last quarter. Navellier & Associates Inc. lifted its stake in Antero Resources by 0.5% in the 4th quarter. Navellier & Associates Inc. now owns 103,458 shares of the oil and natural gas company’s stock worth $3,206,000 after purchasing an additional 512 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in Antero Resources by 0.7% in the 1st quarter. Arizona State Retirement System now owns 78,269 shares of the oil and natural gas company’s stock worth $1,807,000 after purchasing an additional 528 shares in the last quarter. Hedge funds and other institutional investors own 79.64% of the company’s stock.

Antero Resources Company Profile

(Get Free Report)

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 through three segments: Exploration, Development and Production of Natural Gas, NGLs and Oil; Marketing and Utilization of Excess Firm Transportation Capacity; and Midstream Services Through Our Equity Method Investment in Antero Midstream.

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