Antero Resources (AR) PT Lowered to $22.00

Antero Resources (NYSE:AR) had its price target lowered by stock analysts at Robert W. Baird from $39.00 to $22.00 in a research note issued to investors on Monday. The brokerage currently has an “outperform” rating on the oil and natural gas company’s stock. Robert W. Baird’s target price points to a potential upside of 22.22% from the stock’s previous close.

AR has been the subject of a number of other reports. Jefferies Group assumed coverage on Antero Resources in a report on Monday, October 9th. They set a “hold” rating and a $21.00 price objective for the company. Barclays downgraded Antero Resources from an “overweight” rating to an “equal weight” rating and set a $21.00 price objective for the company. 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 reissued a “buy” rating on shares of Antero Resources in a research report on Friday, September 22nd. Finally, Credit Suisse Group assumed coverage on Antero Resources in a research report on Monday, December 11th. They set a “neutral” rating and a $21.00 price target for the company. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Antero Resources currently has an average rating of “Hold” and a consensus price target of $26.32.

Antero Resources (NYSE:AR) opened at $18.00 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $5,680.00, a PE ratio of 92.89 and a beta of 0.94. Antero Resources has a fifty-two week low of $17.59 and a fifty-two week high of $26.60.

Antero Resources (NYSE:AR) last posted its quarterly earnings data on Wednesday, November 1st. The oil and natural gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). The firm had revenue of $775.30 million for the quarter, compared to the consensus estimate of $798.88 million. Antero Resources had a negative return on equity of 7.07% and a negative net margin of 13.89%. During the same quarter in the previous year, the business posted $0.18 earnings per share. analysts anticipate that Antero Resources will post -0.12 EPS for the current year.

In other news, insider K. Phil Yoo sold 10,865 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $19.25, for a total value of $209,151.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kevin J. Kilstrom sold 82,760 shares of the firm’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Corporate insiders own 9.20% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Toronto Dominion Bank lifted its holdings in Antero Resources by 244.3% during the 3rd 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. Balasa Dinverno & Foltz LLC acquired a new stake in Antero Resources during the 3rd quarter worth approximately $211,000. SG Americas Securities LLC acquired a new stake in Antero Resources during the 2nd quarter worth approximately $215,000. Linscomb & Williams Inc. acquired a new stake in Antero Resources during the 2nd quarter worth approximately $220,000. Finally, PNC Financial Services Group Inc. lifted its holdings in Antero Resources by 22.3% during the 2nd 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. 96.99% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Antero Resources (NYSE:AR)

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