Antero Resources (NYSE:AR) had its target price trimmed by Morgan Stanley from $2.75 to $1.75 in a research note released on Friday, BenzingaRatingsTable reports. The brokerage currently has an underweight rating on the oil and natural gas company’s stock.

A number of other brokerages have also recently weighed in on AR. ValuEngine raised shares of Antero Resources from a hold rating to a buy rating in a research report on Thursday, April 2nd. Stifel Nicolaus cut shares of Antero Resources from a buy rating to a hold rating in a research report on Tuesday, March 31st. Wells Fargo & Co upped their price objective on shares of Antero Resources from $2.50 to $3.50 and gave the company an underweight rating in a research report on Thursday, June 25th. SunTrust Banks upped their price objective on shares of Antero Resources from $2.00 to $3.00 and gave the company a hold rating in a research report on Friday, May 1st. Finally, TD Securities upped their price objective on shares of Antero Resources from $2.50 to $3.50 and gave the company a hold rating in a research report on Wednesday, June 17th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $3.56.

Shares of Antero Resources stock opened at $2.51 on Friday. The company has a fifty day moving average price of $3.08 and a 200 day moving average price of $2.21. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.94. Antero Resources has a twelve month low of $0.64 and a twelve month high of $5.68. The stock has a market cap of $628.03 million, a price-to-earnings ratio of -0.45 and a beta of 4.75.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, April 29th. The oil and natural gas company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08). Antero Resources had a negative return on equity of 3.77% and a negative net margin of 35.36%. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the company posted $0.35 earnings per share. The firm’s revenue for the quarter was up 27.0% on a year-over-year basis. Analysts forecast that Antero Resources will post -0.47 earnings per share for the current year.

Several institutional investors have recently modified their holdings of AR. Shah Capital Management raised its stake in Antero Resources by 436.4% during the first quarter. Shah Capital Management now owns 10,004,385 shares of the oil and natural gas company’s stock worth $7,132,000 after acquiring an additional 8,139,217 shares during the period. State Street Corp raised its stake in Antero Resources by 36.7% during the first quarter. State Street Corp now owns 24,925,496 shares of the oil and natural gas company’s stock worth $17,769,000 after acquiring an additional 6,691,978 shares during the period. Norges Bank acquired a new stake in Antero Resources during the fourth quarter worth about $13,266,000. Nuveen Asset Management LLC raised its stake in Antero Resources by 792.8% during the first quarter. Nuveen Asset Management LLC now owns 4,136,401 shares of the oil and natural gas company’s stock worth $2,949,000 after acquiring an additional 3,673,109 shares during the period. Finally, Maverick Capital Ltd. acquired a new stake in Antero Resources during the fourth quarter worth about $5,963,000. Institutional investors and hedge funds own 88.17% of the company’s stock.

Antero Resources Company Profile

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.

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Analyst Recommendations for Antero Resources (NYSE:AR)

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