Antero Resources (NYSE:AR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The firm presently has a $22.00 target price on the oil and natural gas company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 11.11% from the company’s previous close.
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 topic of a number of other research reports. Jefferies Group began coverage on Antero Resources in a report on Monday, October 9th. They set a “hold” rating and a $21.00 price objective on the stock. Barclays lowered Antero Resources from an “overweight” rating to an “equal weight” rating and set a $21.00 price objective on the stock. in a report on Monday, November 20th. Cowen set a $25.00 price objective on Antero Resources and gave the stock a “hold” rating in a report on Wednesday, October 18th. BMO Capital Markets reaffirmed a “buy” rating on shares of Antero Resources in a report on Friday, September 22nd. Finally, Credit Suisse Group assumed coverage on Antero Resources in a report on Monday, December 11th. They set a “neutral” rating and a $21.00 price objective on the stock. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $25.61.
Antero Resources (AR) opened at $19.80 on Wednesday. Antero Resources has a twelve month low of $17.59 and a twelve month high of $26.60. The firm has a market capitalization of $6,243.21, a price-to-earnings ratio of -17.22, a P/E/G ratio of 2.10 and a beta of 0.94. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54.
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 for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). Antero Resources had a positive return on equity of 0.78% and a negative net margin of 12.82%. The business had revenue of $775.30 million for the quarter, compared to analyst estimates of $798.88 million. During the same period in the prior year, the company earned $0.18 EPS. analysts expect that Antero Resources will post -0.14 EPS for the current fiscal year.
In related news, insider Kevin J. Kilstrom sold 82,760 shares of the stock in a transaction on Friday, November 10th. The stock was 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 SEC, which is available at this hyperlink. Also, insider K. Phil Yoo sold 10,865 shares of the stock in a transaction on Thursday, November 16th. The shares were 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.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Delta Lloyd Asset Management N.V. acquired a new stake in shares of Antero Resources during the second quarter valued at $1,373,000. JPMorgan Chase & Co. lifted its position in Antero Resources by 0.7% during the second quarter. JPMorgan Chase & Co. now owns 1,801,717 shares of the oil and natural gas company’s stock worth $38,934,000 after buying an additional 11,737 shares during the period. Utah Retirement Systems lifted its position in Antero Resources by 28.7% during the second quarter. Utah Retirement Systems now owns 42,200 shares of the oil and natural gas company’s stock worth $912,000 after buying an additional 9,400 shares during the period. Baupost Group LLC MA lifted its position in Antero Resources by 12.9% during the third 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 buying an additional 2,741,261 shares during the period. Finally, Northern Trust Corp lifted its position in Antero Resources by 18.0% during the second quarter. Northern Trust Corp now owns 1,206,949 shares of the oil and natural gas company’s stock worth $26,081,000 after buying an additional 184,235 shares during the period. 96.99% of the stock is currently owned by institutional investors and hedge funds.
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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