Antero Resources Corporation (NYSE:AR) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Tuesday, June 13th.
Several other research firms have also recently weighed in on AR. Stifel Nicolaus began coverage on Antero Resources Corporation in a report on Thursday, March 23rd. They set a “hold” rating and a $26.00 price objective on the stock. Evercore ISI cut Antero Resources Corporation to an “outperform” rating in a report on Wednesday, April 19th. Credit Suisse Group reiterated a “buy” rating on shares of Antero Resources Corporation in a report on Friday, March 31st. Scotiabank set a $31.00 target price on Antero Resources Corporation and gave the company a “buy” rating in a research report on Monday, May 8th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $28.00 target price on shares of Antero Resources Corporation in a research report on Wednesday, March 22nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $32.19.
Shares of Antero Resources Corporation (AR) traded down 3.73% during midday trading on Tuesday, reaching $20.63. 3,843,593 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $21.19 and its 200 day moving average price is $23.41. The stock’s market capitalization is $6.51 billion. Antero Resources Corporation has a 1-year low of $19.51 and a 1-year high of $28.92.
Antero Resources Corporation (NYSE:AR) last posted its quarterly earnings results on Monday, May 8th. The oil and natural gas company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.17. The firm had revenue of $801.65 million during the quarter, compared to the consensus estimate of $762.70 million. During the same quarter in the prior year, the business earned $0.17 EPS. Antero Resources Corporation’s revenue was up 4.7% on a year-over-year basis. On average, equities analysts predict that Antero Resources Corporation will post $0.54 earnings per share for the current fiscal year.
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In other news, insider Paul M. Rady purchased 500,000 shares of Antero Resources Corporation stock in a transaction that occurred on Wednesday, May 17th. The stock was acquired at an average cost of $21.11 per share, for a total transaction of $10,555,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Ward D. Mcneilly sold 24,000 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $22.05, for a total value of $529,200.00. The disclosure for this sale can be found here. Insiders own 10.80% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. increased its stake in Antero Resources Corporation by 22,753.0% in the fourth quarter. Macquarie Group Ltd. now owns 365,648 shares of the oil and natural gas company’s stock worth $8,648,000 after buying an additional 364,048 shares during the last quarter. Highbridge Capital Management LLC increased its stake in Antero Resources Corporation by 113.0% in the fourth quarter. Highbridge Capital Management LLC now owns 438,118 shares of the oil and natural gas company’s stock worth $10,362,000 after buying an additional 232,389 shares during the last quarter. Gulf International Bank UK Ltd increased its stake in Antero Resources Corporation by 2.4% in the first quarter. Gulf International Bank UK Ltd now owns 51,914 shares of the oil and natural gas company’s stock worth $1,184,000 after buying an additional 1,200 shares during the last quarter. Hartree Partners LP bought a new stake in Antero Resources Corporation during the first quarter worth $3,193,000. Finally, Shell Asset Management Co. increased its stake in Antero Resources Corporation by 14.5% in the first quarter. Shell Asset Management Co. now owns 62,774 shares of the oil and natural gas company’s stock worth $1,432,000 after buying an additional 7,957 shares during the last quarter. Hedge funds and other institutional investors own 91.80% of the company’s stock.
Antero Resources Corporation 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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