Antero Resources (NYSE:AR) Receives Hold (C-) Rating from Weiss Ratings

Key Points

• Antero Resources has received a **"hold (C-)" rating** from Weiss Ratings, maintaining its current position as analysts assess its performance.
• Recent reports indicate varied analyst ratings, with Morgan Stanley lowering its price target to **$44.00**, while Zacks downgraded the company from a "hold" to a **"strong sell" rating**.
• The stock's current price is **$32.70** with a market capitalization of **$10.10 billion**, reflecting a **PE ratio of 20.83** and a consensus rating of **"Moderate Buy"** with an average target of **$44.13**.

Antero Resources (NYSE:AR - Get Free Report)'s stock had its "hold (c-)" rating reiterated by investment analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

Other equities analysts have also recently issued reports about the company. Morgan Stanley cut their price objective on Antero Resources from $47.00 to $44.00 and set an "overweight" rating for the company in a report on Tuesday, October 14th. Zacks Research cut Antero Resources from a "hold" rating to a "strong sell" rating in a report on Monday, October 13th. Scotiabank reiterated an "outperform" rating on shares of Antero Resources in a report on Wednesday, August 13th. JPMorgan Chase & Co. cut their price objective on Antero Resources from $49.00 to $44.00 and set an "overweight" rating for the company in a report on Thursday, October 2nd. Finally, Wells Fargo & Company upgraded Antero Resources to a "hold" rating in a report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $44.13.

Antero Resources Price Performance

NYSE AR traded down $0.07 during trading on Friday, reaching $32.70. The company's stock had a trading volume of 2,567,779 shares, compared to its average volume of 4,935,200. The stock has a market capitalization of $10.10 billion, a PE ratio of 20.83 and a beta of 0.56. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a fifty day moving average of $32.35 and a 200 day moving average of $35.17. Antero Resources has a one year low of $25.36 and a one year high of $44.01.

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

Institutional Investors Weigh In On Antero Resources

Institutional investors have recently bought and sold shares of the stock. SVB Wealth LLC purchased a new stake in Antero Resources in the 1st quarter worth approximately $26,000. Huntington National Bank lifted its holdings in 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 worth $26,000 after buying an additional 313 shares during the period. Newbridge Financial Services Group Inc. lifted its holdings in 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 worth $38,000 after buying an additional 500 shares during the period. Bessemer Group Inc. lifted its holdings in 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 worth $42,000 after buying an additional 411 shares during the period. Finally, Sunbelt Securities Inc. purchased a new stake in Antero Resources in the 1st quarter worth approximately $56,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.