Morgan Stanley Has Lowered Expectations for Antero Resources (NYSE:AR) Stock Price

Key Points

• Morgan Stanley has lowered its price target for Antero Resources (NYSE:AR) from $47.00 to $44.00, maintaining an "overweight" rating, indicating a potential upside of 40.98% from current levels.
• Analysts from other firms, such as Scotiabank and Mizuho, have also provided mixed ratings and adjusted price targets, with a consensus average rating for Antero Resources being a "Moderate Buy".
• Antero Resources' stock experienced a decline, trading down $1.21 to reach $31.21 on Tuesday, amidst a reported earnings miss for the previous quarter.

Antero Resources (NYSE:AR - Get Free Report) had its price objective decreased by investment analysts at Morgan Stanley from $47.00 to $44.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the oil and natural gas company's stock. Morgan Stanley's target price would suggest a potential upside of 40.98% from the stock's current price.

AR has been the topic of several other reports. Scotiabank restated an "outperform" rating on shares of Antero Resources in a research report on Wednesday, August 13th. Mizuho decreased their target price on shares of Antero Resources from $49.00 to $41.00 and set an "outperform" rating on the stock in a research report on Monday, September 15th. Weiss Ratings restated a "hold (c-)" rating on shares of Antero Resources in a research report on Wednesday, October 8th. Barclays decreased their target price on shares of Antero Resources from $43.00 to $42.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 7th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Antero Resources from $49.00 to $44.00 and set an "overweight" rating on the stock in a research report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Antero Resources currently has an average rating of "Moderate Buy" and an average target price of $44.13.

Antero Resources Stock Performance

AR traded down $1.21 during trading on Tuesday, hitting $31.21. The stock had a trading volume of 1,524,830 shares, compared to its average volume of 4,963,593. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a market capitalization of $9.64 billion, a P/E ratio of 19.87 and a beta of 0.56. The company's 50-day moving average price is $32.49 and its 200 day moving average price is $35.49. Antero Resources has a twelve month low of $25.36 and a twelve month high of $44.01.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SVB Wealth LLC purchased a new position in Antero Resources in the 1st quarter valued at about $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 valued at $26,000 after purchasing an additional 313 shares in the last quarter. 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 valued at $38,000 after purchasing an additional 500 shares in the last quarter. 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 valued at $42,000 after purchasing an additional 411 shares in the last quarter. Finally, North Star Investment Management Corp. purchased a new position in Antero Resources in the 1st quarter valued at about $44,000. 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.

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