Antero Resources’ (AR) “Neutral” Rating Reaffirmed at JPMorgan Chase & Co.

Antero Resources (NYSE:AR)‘s stock had its “neutral” rating restated by analysts at JPMorgan Chase & Co. in a research note issued on Monday,Benzinga reports. They currently have a $39.00 price objective on the oil and natural gas company’s stock, down from their prior price objective of $44.00. JPMorgan Chase & Co.‘s target price points to a potential upside of 6.01% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Wall Street Zen lowered shares of Antero Resources from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Antero Resources in a research report on Monday, December 1st. Barclays dropped their price objective on shares of Antero Resources from $42.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, October 30th. Roth Capital downgraded shares of Antero Resources from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $44.00 to $32.00 in a report on Monday, August 18th. Finally, Citigroup upgraded shares of Antero Resources from a “neutral” rating to a “buy” rating and upped their target price for the company from $37.00 to $39.00 in a research report on Tuesday, September 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Antero Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.69.

Antero Resources Trading Up 0.5%

Shares of AR stock opened at $36.79 on Monday. Antero Resources has a 12-month low of $29.10 and a 12-month high of $44.01. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.17. The stock’s 50-day moving average price is $33.52 and its 200-day moving average price is $34.76. The stock has a market capitalization of $11.35 billion, a price-to-earnings ratio of 19.57 and a beta of 0.57.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, October 29th. The oil and natural gas company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.38). The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.25 billion. Antero Resources had a net margin of 11.73% and a return on equity of 7.51%. Antero Resources’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.07) earnings per share. Equities research analysts predict that Antero Resources will post 2.74 EPS for the current fiscal year.

Insider Activity at Antero Resources

In other Antero Resources news, insider Brendan E. Krueger purchased 5,000 shares of Antero Resources stock in a transaction dated Friday, November 7th. The shares were purchased at an average cost of $33.35 per share, for a total transaction of $166,750.00. Following the completion of the acquisition, the insider owned 295,917 shares in the company, valued at $9,868,831.95. This represents a 1.72% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 6.30% of the company’s stock.

Institutional Trading of Antero Resources

A number of large investors have recently modified their holdings of the company. SVB Wealth LLC bought a new stake in Antero Resources during the first quarter valued at about $26,000. Huntington National Bank lifted its position in shares of Antero Resources by 91.3% during the second quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company’s stock valued at $26,000 after buying an additional 313 shares during the last quarter. Root Financial Partners LLC purchased a new stake in shares of Antero Resources during the third quarter valued at about $26,000. Sunbelt Securities Inc. bought a new stake in shares of Antero Resources in the 3rd quarter valued at about $30,000. Finally, IFP Advisors Inc boosted its holdings in shares of Antero Resources by 59.2% in the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after buying an additional 345 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

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.