Jefferies Financial Group Issues Pessimistic Forecast for Antero Resources (NYSE:AR) Stock Price

Antero Resources (NYSE:AR) had its price target trimmed by Jefferies Financial Group from $50.00 to $47.00 in a research note published on Friday,Benzinga reports. The firm currently has a buy rating on the oil and natural gas company’s stock.

AR has been the subject of a number of other research reports. Roth Capital cut shares of Antero Resources from a “buy” rating to a “neutral” rating and cut their target price for the stock from $44.00 to $32.00 in a research report on Monday, August 18th. Raymond James Financial lifted their price objective on Antero Resources from $57.00 to $58.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. lowered their target price on Antero Resources from $49.00 to $44.00 and set an “overweight” rating on the stock in a report on Thursday. Morgan Stanley raised their price target on Antero Resources from $46.00 to $47.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Finally, UBS Group reduced their price objective on Antero Resources from $43.00 to $42.00 and set a “buy” rating on the stock in a research report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.38.

Antero Resources Trading Down 0.6%

Shares of AR stock opened at $33.28 on Friday. The business’s fifty day moving average price is $32.54 and its 200 day moving average price is $35.80. The firm has a market capitalization of $10.28 billion, a PE ratio of 21.19 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. Antero Resources has a 1-year low of $25.36 and a 1-year high of $44.01.

Antero Resources (NYSE:AR) last posted its earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share 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 firm’s revenue for the quarter was up 32.6% on a year-over-year basis. During the same period last year, the company posted ($0.21) EPS. As a group, sell-side analysts forecast that Antero Resources will post 2.74 EPS for the current fiscal year.

Hedge Funds Weigh In On Antero Resources

Institutional investors have recently added to or reduced their stakes in the business. Texas Permanent School Fund Corp lifted its position in Antero Resources by 9.3% during the second quarter. Texas Permanent School Fund Corp now owns 337,664 shares of the oil and natural gas company’s stock worth $13,601,000 after buying an additional 28,863 shares during the period. Newbridge Financial Services Group Inc. increased its stake in shares of Antero Resources by 114.2% during 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 last quarter. State of Wyoming purchased a new position in shares of Antero Resources during the 2nd quarter worth about $536,000. Captrust Financial Advisors boosted its position in shares of Antero Resources by 38.2% in the second quarter. Captrust Financial Advisors now owns 44,176 shares of the oil and natural gas company’s stock worth $1,779,000 after acquiring an additional 12,220 shares during the last quarter. Finally, Tidal Investments LLC grew its holdings in Antero Resources by 48.0% in the second quarter. Tidal Investments LLC now owns 19,237 shares of the oil and natural gas company’s stock valued at $775,000 after purchasing an additional 6,235 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

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.