Cowen and Company reissued their hold rating on shares of Antero Resources Corporation (NYSE:AR) in a research note published on Tuesday. The brokerage currently has a $25.00 target price on the oil and natural gas company’s stock.
Several other research firms also recently issued reports on AR. KeyCorp reaffirmed a buy rating and set a $33.00 price target on shares of Antero Resources Corporation in a research note on Sunday, September 3rd. Scotiabank set a $27.00 target price on shares of Antero Resources Corporation and gave the company a buy rating in a research note on Saturday, July 1st. Robert W. Baird reissued a buy rating and issued a $38.00 target price on shares of Antero Resources Corporation in a research note on Sunday. Citigroup Inc. cut their target price on shares of Antero Resources Corporation from $34.00 to $27.00 and set a buy rating for the company in a research note on Friday, July 21st. Finally, ValuEngine downgraded shares of Antero Resources Corporation from a hold rating to a sell rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $29.82.
Shares of Antero Resources Corporation (NYSE AR) opened at 20.16 on Tuesday. The company has a 50 day moving average of $19.59 and a 200-day moving average of $21.39. Antero Resources Corporation has a one year low of $18.23 and a one year high of $28.30. The stock has a market cap of $6.36 billion, a price-to-earnings ratio of 468.84 and a beta of 0.95.
Antero Resources Corporation (NYSE:AR) last released its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The firm had revenue of $736.00 million for the quarter, compared to analyst estimates of $778.55 million. Antero Resources Corporation had a return on equity of 1.44% and a net margin of 0.48%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the firm earned $0.14 EPS. On average, analysts anticipate that Antero Resources Corporation will post $0.30 earnings per share for the current year.
In related news, insider Ward D. Mcneilly sold 24,000 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $22.05, for a total transaction of $529,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider K. Phil Yoo sold 3,785 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $20.55, for a total value of $77,781.75. The disclosure for this sale can be found here. 10.80% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Daiwa Securities Group Inc. lifted its holdings in shares of Antero Resources Corporation by 29.4% during the first quarter. Daiwa Securities Group Inc. now owns 4,400 shares of the oil and natural gas company’s stock valued at $100,000 after purchasing an additional 1,000 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in Antero Resources Corporation by 268.2% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,100 shares of the oil and natural gas company’s stock worth $185,000 after acquiring an additional 5,900 shares in the last quarter. Nomura Holdings Inc. acquired a new position in Antero Resources Corporation in the 1st quarter worth about $204,000. Sei Investments Co. increased its position in Antero Resources Corporation by 174.6% in the 1st quarter. Sei Investments Co. now owns 9,209 shares of the oil and natural gas company’s stock worth $210,000 after purchasing an additional 5,855 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new position in Antero Resources Corporation in the 1st quarter worth about $212,000. 93.61% of the stock is owned by institutional investors and hedge funds.
About Antero Resources Corporation
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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