Zacks Investment Research Downgrades Antero Resources (AR) to Hold

Zacks Investment Research lowered shares of Antero Resources (NYSE:AR) from a buy rating to a hold rating in a report issued on Monday morning.

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. “

A number of other research firms have also commented on AR. Stifel Nicolaus set a $21.00 price target on shares of Antero Resources and gave the company a hold rating in a research report on Thursday, October 5th. Jefferies Group assumed coverage on shares of Antero Resources in a research report on Monday, October 9th. They set a hold rating and a $21.00 price target for the company. BMO Capital Markets restated a buy rating on shares of Antero Resources in a research report on Friday, September 22nd. Howard Weil lowered shares of Antero Resources from an outperform rating to a sector perform rating and set a $26.00 price target for the company. in a research report on Thursday, September 21st. Finally, Robert W. Baird set a $38.00 price target on shares of Antero Resources and gave the company a buy rating in a research report on Thursday, October 12th. One equities research 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 company has a consensus rating of Hold and an average price target of $25.61.

Antero Resources (NYSE:AR) traded down $0.12 on Monday, hitting $19.42. 2,109,091 shares of the stock were exchanged, compared to its average volume of 2,369,717. The stock has a market cap of $6,170.00, a price-to-earnings ratio of -17.04, a P/E/G ratio of 2.07 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 has a 12-month low of $17.59 and a 12-month high of $26.60.

Antero Resources (NYSE:AR) last released its quarterly earnings results on Wednesday, November 1st. The oil and natural gas company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The firm 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 quarter last year, the firm earned $0.18 earnings per share. research analysts forecast that Antero Resources will post -0.14 earnings per share for the current year.

In other Antero Resources news, insider Kevin J. Kilstrom sold 82,760 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $19.99, for a total value of $1,654,372.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider K. Phil Yoo sold 10,865 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was 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. Insiders own 9.20% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Toronto Dominion Bank lifted its stake in Antero Resources by 244.3% in the third quarter. Toronto Dominion Bank now owns 9,326 shares of the oil and natural gas company’s stock worth $186,000 after purchasing an additional 6,617 shares during the last quarter. SG Americas Securities LLC bought a new stake in Antero Resources in the second quarter worth $215,000. Linscomb & Williams Inc. bought a new stake in Antero Resources in the second quarter worth $220,000. PNC Financial Services Group Inc. lifted its stake in Antero Resources by 22.3% in the second quarter. PNC Financial Services Group Inc. now owns 10,353 shares of the oil and natural gas company’s stock worth $223,000 after purchasing an additional 1,891 shares during the last quarter. Finally, Balasa Dinverno & Foltz LLC bought a new stake in Antero Resources in the third quarter worth $211,000. 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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