Antero Resources (NYSE:AR) PT Lowered to $1.75 at Morgan Stanley

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

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

Antero Resources stock opened at $2.51 on Friday. The company has a market capitalization of $628.03 million, a P/E ratio of -0.45 and a beta of 4.75. The firm’s fifty day simple moving average is $3.08 and its 200-day simple moving average is $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 1-year low of $0.64 and a 1-year high of $5.68.

Antero Resources (NYSE:AR) last released 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). The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.02 billion. Antero Resources had a negative net margin of 35.36% and a negative return on equity of 3.77%. The firm’s revenue for the quarter was up 27.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 EPS. On average, equities research analysts predict that Antero Resources will post -0.47 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. HBK Sorce Advisory LLC acquired a new stake in Antero Resources in the 1st quarter worth $27,000. World Asset Management Inc boosted its position in shares of Antero Resources by 54.2% during the 1st quarter. World Asset Management Inc now owns 39,356 shares of the oil and natural gas company’s stock valued at $28,000 after acquiring an additional 13,839 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its position in shares of Antero Resources by 75.1% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 45,005 shares of the oil and natural gas company’s stock valued at $32,000 after acquiring an additional 19,299 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Antero Resources during the 4th quarter valued at about $33,000. Finally, L & S Advisors Inc acquired a new stake in shares of Antero Resources during the 1st quarter valued at about $36,000. Institutional investors own 88.17% of the company’s stock.

About Antero Resources

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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