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

StockNews.com upgraded shares of Antero Resources (NYSE:AR) to a sell rating in a research note released on Thursday morning.

Several other research analysts have also recently commented on AR. Citigroup increased their target price on shares of Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Benchmark restated a “hold” rating on shares of Antero Resources in a research note on Friday, January 17th. Mizuho lifted their target price on Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Wells Fargo & Company upgraded Antero Resources from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $24.00 to $32.00 in a report on Tuesday, December 17th. Finally, UBS Group raised their price target on Antero Resources from $39.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $39.31.

Antero Resources Trading Up 1.9 %

Shares of NYSE:AR opened at $40.13 on Thursday. The firm has a market cap of $12.49 billion, a price-to-earnings ratio of 286.64 and a beta of 3.33. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. Antero Resources has a 12 month low of $20.56 and a 12 month high of $41.53. The company’s fifty day simple moving average is $36.26 and its 200 day simple moving average is $31.11.

Antero Resources (NYSE:AR) last posted its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.14. Antero Resources had a negative return on equity of 0.59% and a net margin of 1.03%. As a group, research analysts forecast that Antero Resources will post -0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Antero Resources

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Antero Resources by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 29,574,973 shares of the oil and natural gas company’s stock worth $1,036,603,000 after buying an additional 214,060 shares in the last quarter. Wellington Management Group LLP raised its stake in Antero Resources by 12.6% in the 4th quarter. Wellington Management Group LLP now owns 19,661,491 shares of the oil and natural gas company’s stock worth $689,135,000 after purchasing an additional 2,201,429 shares in the last quarter. Geode Capital Management LLC raised its stake in Antero Resources by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock worth $139,054,000 after purchasing an additional 61,490 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of Antero Resources by 10.4% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 4,378,849 shares of the oil and natural gas company’s stock worth $125,452,000 after purchasing an additional 411,549 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Antero Resources during the 4th quarter worth approximately $140,020,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

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.