Q2 2017 Earnings Estimate for Antero Resources Corporation Issued By KeyCorp (NYSE:AR)

Antero Resources Corporation (NYSE:AR) – KeyCorp decreased their Q2 2017 EPS estimates for shares of Antero Resources Corporation in a research note issued to investors on Thursday. KeyCorp analyst D. Deckelbaum now expects that the oil and natural gas company will post earnings per share of $0.02 for the quarter, down from their previous estimate of $0.03.

Antero Resources Corporation (NYSE:AR) last released its earnings results on Monday, May 8th. The oil and natural gas company reported $0.18 earnings per share 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 analyst estimates of $762.70 million. The business’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.17 earnings per share.

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Several other equities research analysts have also commented on the company. BMO Capital Markets restated a “buy” rating and set a $26.00 price target on shares of Antero Resources Corporation in a research note on Thursday, June 22nd. Scotiabank set a $35.00 price target on Antero Resources Corporation and gave the stock a “buy” rating in a research note on Monday, March 20th. Credit Suisse Group restated a “buy” rating on shares of Antero Resources Corporation in a research note on Friday, March 31st. Zacks Investment Research upgraded Antero Resources Corporation from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Tuesday, July 11th. Finally, BidaskClub upgraded Antero Resources Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $31.91.

Antero Resources Corporation (NYSE AR) opened at 21.98 on Monday. The firm has a 50-day moving average price of $21.11 and a 200 day moving average price of $23.13. Antero Resources Corporation has a 52-week low of $19.51 and a 52-week high of $28.30. The firm’s market capitalization is $6.93 billion.

In other Antero Resources Corporation news, insider Paul M. Rady acquired 500,000 shares of the stock in a transaction on Wednesday, May 17th. The stock was purchased at an average price of $21.11 per share, for a total transaction of $10,555,000.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ward D. Mcneilly sold 24,000 shares of the firm’s stock in a transaction that occurred 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. 10.80% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of the stock. DnB Asset Management AS raised its stake in shares of Antero Resources Corporation by 13.9% in the first quarter. DnB Asset Management AS now owns 12,253 shares of the oil and natural gas company’s stock worth $279,000 after buying an additional 1,500 shares during the period. Benson Investment Management Company Inc. acquired a new stake in shares of Antero Resources Corporation during the first quarter worth $1,470,000. Bank of Montreal Can raised its stake in shares of Antero Resources Corporation by 11.5% in the first quarter. Bank of Montreal Can now owns 462,973 shares of the oil and natural gas company’s stock worth $10,561,000 after buying an additional 47,888 shares during the period. Gulf International Bank UK Ltd raised its stake in shares of 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 period. Finally, S&CO Inc. raised its stake in shares of Antero Resources Corporation by 5.8% in the first quarter. S&CO Inc. now owns 25,949 shares of the oil and natural gas company’s stock worth $592,000 after buying an additional 1,421 shares during the period. Hedge funds and other institutional investors own 91.84% 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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