Antero Resources Corporation (NYSE:AR) Given Hold Rating at Stifel Nicolaus

Stifel Nicolaus restated their hold rating on shares of Antero Resources Corporation (NYSE:AR) in a report issued on Friday, July 21st. They currently have a $25.00 price objective on the oil and natural gas company’s stock.

Several other analysts have also recently commented on AR. Scotiabank set a $31.00 price target on shares of Antero Resources Corporation and gave the stock a buy rating in a report on Monday, March 27th. Zacks Investment Research cut shares of Antero Resources Corporation from a strong-buy rating to a hold rating in a report on Tuesday, May 2nd. Evercore ISI cut shares of Antero Resources Corporation to an outperform rating in a report on Wednesday, April 19th. BMO Capital Markets reaffirmed a buy rating and set a $26.00 price objective on shares of Antero Resources Corporation in a research report on Thursday, June 22nd. Finally, Credit Suisse Group reaffirmed a buy rating on shares of Antero Resources Corporation in a research report on Friday, March 31st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and a consensus price target of $29.13.

Antero Resources Corporation (AR) traded up 1.67% during mid-day trading on Friday, reaching $18.82. 3,094,401 shares of the company were exchanged. Antero Resources Corporation has a 12 month low of $18.23 and a 12 month high of $28.30. The company’s 50 day moving average price is $20.43 and its 200-day moving average price is $22.04. The stock has a market capitalization of $5.94 billion, a P/E ratio of 437.67 and a beta of 0.95.

Antero Resources Corporation (NYSE:AR) last released its earnings results on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. Antero Resources Corporation had a net margin of 0.48% and a return on equity of 1.44%. The company had revenue of $736 million for the quarter, compared to analyst estimates of $778.55 million. During the same period in the previous year, the business posted $0.14 EPS. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. On average, equities analysts expect that Antero Resources Corporation will post $0.32 earnings per share for the current fiscal year.

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In other Antero Resources Corporation news, insider K. Phil Yoo sold 3,785 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $20.55, for a total transaction of $77,781.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ward D. Mcneilly sold 24,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $22.05, for a total value of $529,200.00. The disclosure for this sale can be found here. Insiders own 10.80% of the company’s stock.

Several institutional investors have recently modified their holdings of AR. Comerica Bank raised its position in shares of Antero Resources Corporation by 75.5% in the fourth quarter. Comerica Bank now owns 16,389 shares of the oil and natural gas company’s stock valued at $420,000 after buying an additional 7,052 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Antero Resources Corporation by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 906,453 shares of the oil and natural gas company’s stock worth $21,440,000 after buying an additional 46,056 shares during the period. Guggenheim Capital LLC increased its position in Antero Resources Corporation by 31.7% in the fourth quarter. Guggenheim Capital LLC now owns 50,677 shares of the oil and natural gas company’s stock worth $1,198,000 after buying an additional 12,187 shares during the period. Norges Bank purchased a new position in Antero Resources Corporation during the fourth quarter worth $32,640,000. Finally, Quadrature Capital Ltd increased its position in Antero Resources Corporation by 42.2% in the fourth quarter. Quadrature Capital Ltd now owns 93,127 shares of the oil and natural gas company’s stock worth $2,203,000 after buying an additional 27,634 shares during the period. Institutional investors and hedge funds own 92.68% of the company’s stock.

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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