Antero Resources Corporation (NYSE:AR) has been given a consensus rating of “Buy” by the twenty-three ratings firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $29.50.
Several analysts have recently commented on AR shares. Zacks Investment Research downgraded shares of Antero Resources Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Evercore ISI downgraded shares of Antero Resources Corporation to an “outperform” rating in a report on Wednesday, April 19th. BMO Capital Markets reaffirmed a “buy” rating and issued a $26.00 price objective on shares of Antero Resources Corporation in a report on Thursday, June 22nd. Citigroup Inc. dropped their price objective on shares of Antero Resources Corporation from $34.00 to $27.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Finally, Scotiabank set a $31.00 price objective on shares of Antero Resources Corporation and gave the company a “buy” rating in a report on Monday, May 8th.
In related news, insider Paul M. Rady acquired 500,000 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were acquired at an average cost of $21.11 per share, with a total value of $10,555,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ward D. Mcneilly sold 24,000 shares of the stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $22.05, for a total transaction of $529,200.00. The disclosure for this sale can be found here. Company insiders own 10.80% of the company’s stock.
A number of institutional investors have recently bought and sold shares of AR. Nomura Asset Management Co. Ltd. increased its position in Antero Resources Corporation by 0.8% in the first quarter. Nomura Asset Management Co. Ltd. now owns 22,990 shares of the oil and natural gas company’s stock valued at $524,000 after buying an additional 190 shares during the last quarter. TD Asset Management Inc. increased its position in Antero Resources Corporation by 4.4% in the first quarter. TD Asset Management Inc. now owns 9,411 shares of the oil and natural gas company’s stock valued at $215,000 after buying an additional 400 shares during the last quarter. Allen Investment Management LLC increased its position in Antero Resources Corporation by 2.4% in the first quarter. Allen Investment Management LLC now owns 18,275 shares of the oil and natural gas company’s stock valued at $417,000 after buying an additional 422 shares during the last quarter. TCW Group Inc. increased its position in Antero Resources Corporation by 1.9% in the first quarter. TCW Group Inc. now owns 23,368 shares of the oil and natural gas company’s stock valued at $533,000 after buying an additional 445 shares during the last quarter. Finally, Texan Capital Management increased its position in Antero Resources Corporation by 2.0% in the second quarter. Texan Capital Management now owns 26,845 shares of the oil and natural gas company’s stock valued at $580,000 after buying an additional 535 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.
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Antero Resources Corporation (NYSE AR) opened at 18.49 on Friday. The company has a market cap of $5.83 billion, a P/E ratio of 430.00 and a beta of 0.95. Antero Resources Corporation has a 52 week low of $18.23 and a 52 week high of $28.30. The firm’s 50 day moving average is $20.76 and its 200-day moving average is $22.28.
Antero Resources Corporation (NYSE:AR) last released its quarterly earnings data on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by $0.01. The business had revenue of $736 million during the quarter, compared to analysts’ expectations of $778.55 million. Antero Resources Corporation had a net margin of 0.48% and a return on equity of 1.44%. The firm’s revenue was up 1.1% on a year-over-year basis. During the same period last year, the company earned $0.14 earnings per share. On average, analysts predict that Antero Resources Corporation will post $0.35 earnings per share for the current fiscal year.
Antero Resources Corporation Company Profile
Antero Resources Corporation is an oil and natural gas company. The Company is engaged in the exploration, development and acquisition of natural gas, natural gas liquids (NGLs) and oil properties located in the Appalachian Basin. The Company’s segments include the exploration, development and production of natural gas, NGLs and oil; gathering and processing; water handling and treatment, and marketing of excess firm transportation capacity.
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