Jefferies Financial Group Lowers Antero Resources (NYSE:AR) Price Target to $47.00

Antero Resources (NYSE:AR) had its target price decreased by Jefferies Financial Group from $50.00 to $47.00 in a research note issued to investors 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 points to a potential upside of 41.25% from the stock’s previous close.

A number of other research analysts also recently commented on the stock. Roth Capital downgraded shares of Antero Resources from a “buy” rating to a “neutral” rating and lowered their price target for the company from $44.00 to $32.00 in a report on Monday, August 18th. JPMorgan Chase & Co. lowered their price target on shares of Antero Resources from $49.00 to $44.00 and set an “overweight” rating for the company in a report on Thursday. Citigroup raised shares of Antero Resources from a “neutral” rating to a “buy” rating and increased their price target for the company from $37.00 to $39.00 in a report on Tuesday, September 23rd. Wells Fargo & Company set a $39.00 price target on shares of Antero Resources and gave the company an “equal weight” rating in a report on Tuesday, July 15th. Finally, Morgan Stanley increased their price target on shares of Antero Resources from $46.00 to $47.00 and gave the company an “overweight” rating in a report on Monday, August 4th. 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’s stock. According to MarketBeat, Antero Resources has an average rating of “Moderate Buy” and a consensus price target of $44.38.

Antero Resources Stock Down 0.6%

AR opened at $33.28 on Friday. The firm has a 50-day simple moving average of $32.54 and a two-hundred day simple moving average of $35.83. Antero Resources has a 52 week low of $25.36 and a 52 week high of $44.01. The company has a market capitalization of $10.28 billion, a PE ratio of 21.19 and a beta of 0.56. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.15.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, July 30th. The oil and natural gas company reported $0.35 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $1.30 billion. During the same period last year, the company earned ($0.21) EPS. The firm’s revenue for the quarter was up 32.6% on a year-over-year basis. Analysts forecast that Antero Resources will post 2.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Antero Resources

A number of institutional investors have recently modified their holdings of AR. Assenagon Asset Management S.A. increased its position in shares of Antero Resources by 133.1% during the first quarter. Assenagon Asset Management S.A. now owns 3,743,957 shares of the oil and natural gas company’s stock worth $151,406,000 after acquiring an additional 2,137,538 shares during the period. Invesco Ltd. increased its position in shares of Antero Resources by 44.3% during the first quarter. Invesco Ltd. now owns 4,440,328 shares of the oil and natural gas company’s stock worth $179,567,000 after acquiring an additional 1,362,370 shares during the period. Stephens Investment Management Group LLC purchased a new position in shares of Antero Resources during the first quarter worth approximately $48,314,000. Adage Capital Partners GP L.L.C. increased its position in shares of Antero Resources by 210.3% during the first quarter. Adage Capital Partners GP L.L.C. now owns 1,274,532 shares of the oil and natural gas company’s stock worth $51,542,000 after acquiring an additional 863,836 shares during the period. Finally, Sourcerock Group LLC increased its position in shares of Antero Resources by 10.6% during the second quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company’s stock worth $328,529,000 after acquiring an additional 783,117 shares during the period. 83.04% of the stock is owned by hedge funds and other institutional investors.

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.