Antero Resources (AR) Shares Gap Down to $19.39

Antero Resources Corporation (NYSE:AR) shares gapped down before the market opened on Tuesday . The stock had previously closed at $20.21, but opened at $19.39. Antero Resources shares last traded at $18.61, with a volume of 5612900 shares trading hands.

Several research analysts recently weighed in on the company. Barclays cut Antero Resources from an “overweight” rating to an “equal weight” rating and set a $21.00 target price for the company. in a research note on Monday, November 20th. Jefferies Group set a $20.00 target price on Antero Resources and gave the company a “hold” rating in a research note on Friday, November 17th. SunTrust Banks reaffirmed a “hold” rating and set a $22.00 target price on shares of Antero Resources in a research note on Friday, November 3rd. BMO Capital Markets set a $24.00 target price on Antero Resources and gave the company a “buy” rating in a research note on Tuesday, October 24th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating on shares of Antero Resources in a report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $27.44.

The firm has a market cap of $6,120.11, a P/E ratio of 102.05 and a beta of 0.94. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.85 and a quick ratio of 0.85.

Antero Resources (NYSE:AR) last announced its quarterly earnings data on Wednesday, November 1st. The oil and natural gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The business had revenue of $775.30 million during the quarter, compared to analysts’ expectations of $798.88 million. Antero Resources had a positive return on equity of 0.78% and a negative net margin of 12.82%. During the same period in the prior year, the company posted $0.18 earnings per share. research analysts anticipate that Antero Resources Corporation will post -0.09 EPS for the current fiscal year.

In related news, insider Kevin J. Kilstrom sold 82,760 shares of the stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $19.99, for a total value of $1,654,372.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider K. Phil Yoo sold 10,865 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $19.25, for a total value of $209,151.25. The disclosure for this sale can be found here. 9.20% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of AR. Janus Henderson Group PLC raised its stake in shares of Antero Resources by 15,715.7% during the 2nd quarter. Janus Henderson Group PLC now owns 2,916,259 shares of the oil and natural gas company’s stock worth $63,020,000 after purchasing an additional 2,897,820 shares in the last quarter. Baupost Group LLC MA raised its stake in shares of Antero Resources by 12.9% during the 3rd quarter. Baupost Group LLC MA now owns 23,912,257 shares of the oil and natural gas company’s stock worth $475,854,000 after purchasing an additional 2,741,261 shares in the last quarter. Sound Shore Management Inc. CT raised its stake in shares of Antero Resources by 22.0% during the 2nd quarter. Sound Shore Management Inc. CT now owns 9,406,400 shares of the oil and natural gas company’s stock worth $203,272,000 after purchasing an additional 1,697,858 shares in the last quarter. BlackRock Inc. raised its stake in shares of Antero Resources by 18.7% during the 2nd quarter. BlackRock Inc. now owns 10,146,431 shares of the oil and natural gas company’s stock worth $219,264,000 after purchasing an additional 1,595,558 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Antero Resources by 60.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,325,460 shares of the oil and natural gas company’s stock worth $66,176,000 after purchasing an additional 1,254,460 shares in the last quarter. 97.02% of the stock is owned by institutional investors.

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Antero Resources 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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