Antero Resources (AR) Upgraded to Buy by Zacks Investment Research

Zacks Investment Research upgraded shares of Antero Resources (NYSE:AR) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning. They currently have $22.00 target price on the oil and natural gas company’s stock.

According to Zacks, “Antero Resources Corporation is an independent oil and natural gas company. It is primarily engaged in the exploitation, development and acquisition of unconventional oil and liquids-rich natural gas properties primarily located in the Appalachian Basin in West Virginia, Ohio and Pennsylvania. Antero Resources Corporation is headquartered in Denver, Colorado. “

AR has been the subject of a number of other reports. Morgan Stanley lowered their target price on shares of Antero Resources from $23.00 to $22.00 and set an equal weight rating for the company in a research note on Wednesday, October 18th. Barclays lowered shares of 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. Robert W. Baird set a $38.00 target price on shares of Antero Resources and gave the company a buy rating in a research note on Thursday, October 12th. BMO Capital Markets set a $24.00 target price on shares of Antero Resources and gave the company a buy rating in a research note on Tuesday, October 24th. Finally, SunTrust Banks reissued a hold rating and set a $22.00 target price on shares of Antero Resources in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $25.61.

Shares of Antero Resources (NYSE AR) traded down $0.36 on Wednesday, hitting $19.44. 2,210,265 shares of the stock were exchanged, compared to its average volume of 2,751,578. The stock has a market capitalization of $6,135.91, a price-to-earnings ratio of -16.90, a P/E/G ratio of 2.07 and a beta of 0.94. Antero Resources has a 1 year low of $17.59 and a 1 year high of $26.60. 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 issued its earnings results on Wednesday, November 1st. The oil and natural gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). The company had revenue of $775.30 million for the quarter, compared to analysts’ expectations of $798.88 million. Antero Resources had a negative net margin of 12.82% and a positive return on equity of 0.78%. During the same period in the prior year, the firm posted $0.18 earnings per share. equities analysts forecast that Antero Resources will post -0.14 EPS for the current year.

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

Several hedge funds have recently added to or reduced their stakes in AR. Toronto Dominion Bank lifted its position in shares of Antero Resources by 244.3% during the third quarter. Toronto Dominion Bank now owns 9,326 shares of the oil and natural gas company’s stock valued at $186,000 after buying an additional 6,617 shares during the last quarter. Balasa Dinverno & Foltz LLC purchased a new stake in shares of Antero Resources during the third quarter valued at about $211,000. SG Americas Securities LLC purchased a new stake in shares of Antero Resources during the second quarter valued at about $215,000. Linscomb & Williams Inc. purchased a new stake in shares of Antero Resources during the second quarter valued at about $220,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Antero Resources by 22.3% during the second quarter. PNC Financial Services Group Inc. now owns 10,353 shares of the oil and natural gas company’s stock valued at $223,000 after buying an additional 1,891 shares during the last quarter. 96.99% of the stock is owned by institutional investors and hedge funds.

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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.

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