Antero Resources' (AR) Hold (C-) Rating Reiterated at Weiss Ratings

Key Points

• Antero Resources' stock received a restated "hold (C-)" rating from Weiss Ratings, indicating a cautious outlook from analysts.
• Several analysts have reduced their target prices for Antero Resources, with UBS Group lowering it from $43.00 to $42.00, while the consensus target price is currently $44.31.
• The company's recent earnings report showed earnings of $0.35 per share for the last quarter, missing analysts' expectations, but with revenue increasing 32.6% year-over-year.

Antero Resources (NYSE:AR - Get Free Report)'s stock had its "hold (c-)" rating restated by research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Other equities research analysts have also recently issued reports about the stock. UBS Group reduced their target price on shares of Antero Resources from $43.00 to $42.00 and set a "buy" rating for the company in a research report on Monday, September 15th. Jefferies Financial Group cut their price objective on shares of Antero Resources from $50.00 to $47.00 and set a "buy" rating for the company in a research report on Friday, October 3rd. JPMorgan Chase & Co. cut their price objective on shares of Antero Resources from $49.00 to $44.00 and set an "overweight" rating for the company in a research report on Thursday, October 2nd. Wells Fargo & Company set a $39.00 price objective on shares of Antero Resources and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Finally, Scotiabank restated an "outperform" rating on shares of Antero Resources in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $44.31.

Antero Resources Stock Performance

Shares of AR stock traded up $0.27 during trading hours on Wednesday, hitting $34.17. The company's stock had a trading volume of 4,188,269 shares, compared to its average volume of 5,005,704. The company has a 50 day moving average of $32.57 and a 200 day moving average of $35.74. The stock has a market cap of $10.56 billion, a PE ratio of 21.76 and a beta of 0.56. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.15. Antero Resources has a 12-month low of $25.36 and a 12-month high of $44.01.

Antero Resources (NYSE:AR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.68 by ($0.33). The firm had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.30 billion. Antero Resources had a return on equity of 6.48% and a net margin of 10.13%.The business's quarterly revenue was up 32.6% on a year-over-year basis. During the same period last year, the company posted ($0.21) earnings per share. On average, sell-side analysts forecast that Antero Resources will post 2.74 EPS for the current fiscal year.

Institutional Trading of Antero Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SVB Wealth LLC acquired a new position in shares of Antero Resources in the 1st quarter valued at $26,000. Huntington National Bank increased its holdings in shares of Antero Resources by 91.3% in the 2nd quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company's stock valued at $26,000 after acquiring an additional 313 shares during the period. Newbridge Financial Services Group Inc. increased its holdings in shares of Antero Resources by 114.2% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 938 shares of the oil and natural gas company's stock valued at $38,000 after acquiring an additional 500 shares during the period. Bessemer Group Inc. increased its holdings in shares of Antero Resources by 64.7% in the 1st quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company's stock valued at $42,000 after acquiring an additional 411 shares during the period. Finally, North Star Investment Management Corp. acquired a new position in shares of Antero Resources in the 1st quarter valued at $44,000. Institutional investors and hedge funds own 83.04% of the company's stock.

About Antero Resources

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.

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