Antero Resources (AR) Earns “Hold” Rating from Barclays

Barclays reaffirmed their hold rating on shares of Antero Resources (NYSE:AR) in a research note issued to investors on Sunday morning. They currently have a $22.00 price objective on the oil and natural gas company’s stock.

AR has been the subject of a number of other reports. ValuEngine downgraded Antero Resources from a hold rating to a sell rating in a research note on Friday, September 1st. KeyCorp restated a buy rating and issued a $33.00 target price on shares of Antero Resources in a research note on Sunday, September 3rd. Robert W. Baird restated a buy rating and issued a $38.00 target price on shares of Antero Resources in a research note on Sunday, September 10th. Cowen restated a hold rating and issued a $25.00 target price on shares of Antero Resources in a research note on Tuesday, September 12th. Finally, Howard Weil downgraded Antero Resources from an outperform rating to a sector perform rating and set a $26.00 target price for the company. in a research note on Thursday, September 21st. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Antero Resources presently has an average rating of Hold and an average target price of $26.37.

Antero Resources (NYSE AR) opened at $19.13 on Friday. The company has a market capitalization of $6,040.00, a PE ratio of -16.78 and a beta of 0.94. Antero Resources has a 52 week low of $17.59 and a 52 week high of $26.60. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.54.

Antero Resources (NYSE:AR) last posted its quarterly earnings results on Wednesday, November 1st. The oil and natural gas company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). The firm had revenue of $775.30 million during the quarter, compared to analyst estimates 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 quarter last year, the business posted $0.18 earnings per share. analysts anticipate that Antero Resources will post -0.14 EPS for the current fiscal year.

In related news, insider K. Phil Yoo sold 10,865 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $19.25, for a total transaction of $209,151.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Kevin J. Kilstrom sold 82,760 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $19.99, for a total value of $1,654,372.40. The disclosure for this sale can be found here. Insiders own 9.20% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Evergreen Capital Management LLC bought a new position in shares of Antero Resources in the second quarter valued at $3,110,000. Delta Lloyd Asset Management N.V. purchased a new position in Antero Resources during the 2nd quarter worth approximately $1,373,000. JPMorgan Chase & Co. grew its position in Antero Resources by 0.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,801,717 shares of the oil and natural gas company’s stock worth $38,934,000 after purchasing an additional 11,737 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in Antero Resources by 20.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 311,221 shares of the oil and natural gas company’s stock worth $6,725,000 after purchasing an additional 53,045 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its position in Antero Resources by 13.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 313,544 shares of the oil and natural gas company’s stock worth $6,776,000 after purchasing an additional 37,332 shares in the last quarter. 96.99% of the stock is currently owned by institutional investors.

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About Antero Resources

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.

Analyst Recommendations for Antero Resources (NYSE:AR)

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