Antero Resources’ (AR) Neutral Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Antero Resources (NYSE:AR) in a report published on Monday, Marketbeat.com reports. They currently have a $39.00 price target on the oil and natural gas company’s stock, down from their prior price target of $44.00.

AR has been the subject of several other research reports. Barclays cut their price objective on Antero Resources from $42.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Antero Resources in a report on Monday, December 1st. Morgan Stanley lowered their price objective on shares of Antero Resources from $47.00 to $44.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 14th. Scotiabank reiterated an “outperform” rating on shares of Antero Resources in a report on Wednesday, August 13th. Finally, Wall Street Zen cut shares of Antero Resources from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.94.

Antero Resources Trading Down 0.5%

Antero Resources stock opened at $37.16 on Monday. Antero Resources has a 12-month low of $29.10 and a 12-month high of $44.01. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market capitalization of $11.46 billion, a PE ratio of 19.76 and a beta of 0.57. The firm has a 50 day simple moving average of $33.72 and a 200-day simple moving average of $34.75.

Antero Resources (NYSE:AR) last released its earnings results on Wednesday, October 29th. The oil and natural gas company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.38). The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.25 billion. Antero Resources had a return on equity of 7.51% and a net margin of 11.73%.The business’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.07) earnings per share. As a group, equities research analysts expect that Antero Resources will post 2.74 EPS for the current fiscal year.

Insider Activity at Antero Resources

In other news, insider Brendan E. Krueger acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average price of $33.35 per share, with a total value of $166,750.00. Following the purchase, the insider owned 295,917 shares of the company’s stock, valued at approximately $9,868,831.95. This trade represents a 1.72% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Annandale Capital LLC lifted its position in Antero Resources by 0.4% in the 3rd quarter. Annandale Capital LLC now owns 73,754 shares of the oil and natural gas company’s stock worth $2,475,000 after buying an additional 300 shares in the last quarter. Brooklyn Investment Group increased its stake in shares of Antero Resources by 2.0% in the third quarter. Brooklyn Investment Group now owns 15,752 shares of the oil and natural gas company’s stock worth $529,000 after acquiring an additional 305 shares during the last quarter. Huntington National Bank raised its holdings in shares of Antero Resources by 91.3% during the second quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company’s stock worth $26,000 after acquiring an additional 313 shares in the last quarter. Uhlmann Price Securities LLC boosted its position in Antero Resources by 2.2% during the third quarter. Uhlmann Price Securities LLC now owns 15,125 shares of the oil and natural gas company’s stock valued at $508,000 after purchasing an additional 325 shares during the last quarter. Finally, Coldstream Capital Management Inc. grew its stake in Antero Resources by 6.4% in the second quarter. Coldstream Capital Management Inc. now owns 5,451 shares of the oil and natural gas company’s stock valued at $220,000 after purchasing an additional 328 shares in the last quarter. 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.