Mitsubishi UFJ Financial Group reaffirmed their neutral rating on shares of Antero Resources (NYSE:AR) in a research note released on Tuesday, BenzingaRatingsTable reports. Mitsubishi UFJ Financial Group currently has a $3.00 price objective on the oil and natural gas company’s stock, down from their prior price objective of $6.00. Mitsubishi UFJ Financial Group also issued estimates for Antero Resources’ Q3 2019 earnings at ($0.38) EPS, Q4 2019 earnings at ($0.36) EPS, FY2019 earnings at ($0.62) EPS, Q1 2020 earnings at ($0.06) EPS, Q2 2020 earnings at ($0.34) EPS, Q3 2020 earnings at ($0.31) EPS, Q4 2020 earnings at ($0.24) EPS, FY2020 earnings at ($0.96) EPS and FY2021 earnings at ($0.59) EPS.
Other analysts have also issued reports about the company. TD Securities dropped their price target on Antero Resources from $9.00 to $7.50 and set a buy rating on the stock in a report on Friday, August 2nd. Goldman Sachs Group lowered Antero Resources from a buy rating to a neutral rating in a report on Friday, September 6th. JPMorgan Chase & Co. began coverage on Antero Resources in a report on Thursday, October 3rd. They set an underweight rating on the stock. Guggenheim set a $7.00 price target on Antero Resources and gave the stock a buy rating in a report on Friday, September 27th. Finally, ValuEngine raised Antero Resources from a strong sell rating to a sell rating in a research report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $10.40.
Shares of Antero Resources stock opened at $2.73 on Tuesday. The business’s fifty day simple moving average is $3.31 and its 200 day simple moving average is $5.58. The firm has a market capitalization of $760.69 million, a P/E ratio of 3.04 and a beta of 0.79. Antero Resources has a 12 month low of $2.38 and a 12 month high of $19.34. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.78.
Antero Resources (NYSE:AR) last issued its quarterly earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.23) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($0.08). The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.06 billion. Antero Resources had a positive return on equity of 2.99% and a negative net margin of 4.91%. The business’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business posted $0.02 earnings per share. Analysts predict that Antero Resources will post -0.35 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC grew its position in shares of Antero Resources by 100.0% in the second quarter. Nisa Investment Advisors LLC now owns 6,400 shares of the oil and natural gas company’s stock valued at $35,000 after purchasing an additional 3,200 shares in the last quarter. Comerica Bank purchased a new position in shares of Antero Resources in the first quarter valued at $87,000. First Republic Investment Management Inc. purchased a new position in shares of Antero Resources in the second quarter valued at $58,000. Wetherby Asset Management Inc. purchased a new position in shares of Antero Resources in the second quarter valued at $60,000. Finally, US Bancorp DE grew its position in shares of Antero Resources by 180.7% in the second quarter. US Bancorp DE now owns 11,810 shares of the oil and natural gas company’s stock valued at $65,000 after purchasing an additional 7,603 shares in the last quarter. 95.07% of the stock is owned by institutional investors and hedge funds.
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.
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