Antero Resources (NYSE:AR) Given New $44.00 Price Target at JPMorgan Chase & Co.

Antero Resources (NYSE:AR) had its price target lowered by JPMorgan Chase & Co. from $49.00 to $44.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the oil and natural gas company’s stock.

Other analysts have also issued research reports about the company. Citigroup upgraded Antero Resources from a “neutral” rating to a “buy” rating and increased their target price for the company from $37.00 to $39.00 in a report on Tuesday, September 23rd. Morgan Stanley increased their target price on Antero Resources from $46.00 to $47.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Wells Fargo & Company set a $39.00 target price on Antero Resources and gave the company an “equal weight” rating in a report on Tuesday, July 15th. Barclays increased their target price on Antero Resources from $38.00 to $43.00 and gave the company an “equal weight” rating in a report on Monday, July 7th. Finally, Mizuho reduced their target price on Antero Resources from $49.00 to $41.00 and set an “outperform” rating for the company in a report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $43.56.

Antero Resources Price Performance

Shares of NYSE:AR opened at $33.53 on Thursday. Antero Resources has a one year low of $25.36 and a one year high of $44.01. The stock has a fifty day moving average of $32.52 and a 200-day moving average of $35.92. The company has a market capitalization of $10.36 billion, a PE ratio of 21.35 and a beta of 0.56. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.30 and a current ratio of 0.30.

Antero Resources (NYSE:AR) last announced its quarterly earnings data on Wednesday, July 30th. The oil and natural gas company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.33). Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the company posted ($0.21) EPS. Antero Resources’s revenue was up 32.6% on a year-over-year basis. As a group, equities analysts anticipate that Antero Resources will post 2.74 EPS for the current fiscal year.

Hedge Funds Weigh In On Antero Resources

Hedge funds have recently bought and sold shares of the business. SVB Wealth LLC acquired a new position in Antero Resources during the first quarter worth $26,000. Huntington National Bank grew its position in shares of Antero Resources by 91.3% in the second 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 during the last quarter. Newbridge Financial Services Group Inc. grew its position in shares of Antero Resources by 114.2% in the second 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 during the last quarter. Bessemer Group Inc. grew its position in shares of Antero Resources by 64.7% in the first 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 during the last quarter. Finally, North Star Investment Management Corp. acquired a new stake in shares of Antero Resources in the first quarter valued at about $44,000. 83.04% of the stock is owned by institutional investors and hedge funds.

Antero Resources Company Profile

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.