Jefferies Financial Group Has Lowered Expectations for Antero Resources (NYSE:AR) Stock Price

Key Points

• Jefferies Financial Group has reduced its price target for Antero Resources (NYSE:AR) from $50.00 to $47.00, while maintaining a "buy" rating, suggesting a potential upside of 40.19% from the current stock price.
• Several analysts have made recent adjustments to their ratings and price targets for Antero Resources, with Citigroup upgrading their rating to "buy" and setting a new target of $39.00.
• Antero Resources posted $0.35 earnings per share for the last quarter, missing estimates, while revenue increased by 32.6% year-over-year.

Antero Resources (NYSE:AR - Get Free Report) had its price target cut by Jefferies Financial Group from $50.00 to $47.00 in a research note issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the oil and natural gas company's stock. Jefferies Financial Group's price target would indicate a potential upside of 40.19% from the stock's current price.

AR has been the topic of several other reports. Citigroup upgraded Antero Resources from a "neutral" rating to a "buy" rating and raised their price objective for the company from $37.00 to $39.00 in a research note on Tuesday, September 23rd. JPMorgan Chase & Co. decreased their target price on Antero Resources from $49.00 to $44.00 and set an "overweight" rating for the company in a research report on Thursday. UBS Group decreased their target price on Antero Resources from $43.00 to $42.00 and set a "buy" rating for the company in a research report on Monday, September 15th. Scotiabank reaffirmed an "outperform" rating on shares of Antero Resources in a research report on Wednesday, August 13th. Finally, Wells Fargo & Company set a $39.00 target price on Antero Resources and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.76.

Antero Resources Price Performance

Shares of AR opened at $33.53 on Friday. Antero Resources has a 12-month low of $25.36 and a 12-month high of $44.01. The business's fifty day moving average is $32.52 and its 200 day moving average is $35.92. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.15. The stock has a market cap of $10.36 billion, a P/E ratio of 21.35 and a beta of 0.56.

Antero Resources (NYSE:AR - Get Free Report) last issued its 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). Antero Resources had a return on equity of 6.48% and a net margin of 10.13%.The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the business earned ($0.21) earnings per share. Antero Resources's revenue for the quarter was up 32.6% on a year-over-year basis. Sell-side analysts anticipate that Antero Resources will post 2.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Antero Resources

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Antero Resources by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 29,797,653 shares of the oil and natural gas company's stock worth $1,200,249,000 after acquiring an additional 350,018 shares during the last quarter. Sourcerock Group LLC grew its holdings in Antero Resources by 10.6% during the 2nd quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company's stock valued at $328,529,000 after buying an additional 783,117 shares in the last quarter. Invesco Ltd. grew its holdings in Antero Resources by 18.4% during the 2nd quarter. Invesco Ltd. now owns 5,258,305 shares of the oil and natural gas company's stock valued at $211,805,000 after buying an additional 817,977 shares in the last quarter. Raymond James Financial Inc. grew its holdings in Antero Resources by 10.7% during the 1st quarter. Raymond James Financial Inc. now owns 4,423,044 shares of the oil and natural gas company's stock valued at $178,868,000 after buying an additional 428,167 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Antero Resources by 2.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,843,592 shares of the oil and natural gas company's stock valued at $154,820,000 after buying an additional 99,635 shares in the last quarter. Hedge funds and other institutional investors 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.

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.