Antero Resources Corp (AR) Raised to “Buy” at Guggenheim

Guggenheim upgraded shares of Antero Resources Corp (NYSE:AR) from a neutral rating to a buy rating in a research note published on Thursday morning. Guggenheim currently has $34.00 price objective on the stock.

AR has been the subject of a number of other research reports. Scotiabank restated a buy rating and set a $34.00 target price on shares of Antero Resources Corp in a report on Monday, February 6th. Raymond James Financial, Inc. upgraded Antero Resources Corp from an outperform rating to a strong-buy rating and upped their target price for the company from $33.00 to $38.00 in a report on Tuesday, January 3rd. Piper Jaffray Companies upgraded Antero Resources Corp from a neutral rating to an overweight rating and set a $32.00 target price for the company in a report on Friday, January 13th. Deutsche Bank AG upgraded Antero Resources Corp from a hold rating to a buy rating and upped their target price for the company from $27.00 to $30.00 in a report on Monday, November 21st. Finally, Zacks Investment Research upgraded Antero Resources Corp from a hold rating to a buy rating and set a $27.00 target price for the company in a report on Monday, December 19th. Seven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the stock. Antero Resources Corp currently has an average rating of Buy and an average target price of $32.83.

Analyst Recommendations for Antero Resources Corp (NYSE:AR)

Antero Resources Corp (NYSE:AR) opened at 23.42 on Thursday. The company’s market capitalization is $7.38 billion. The firm’s 50-day moving average price is $24.65 and its 200 day moving average price is $25.49. Antero Resources Corp has a 52 week low of $23.07 and a 52 week high of $30.66.

Antero Resources Corp (NYSE:AR) last announced its quarterly earnings data on Tuesday, February 28th. The company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.04. The company earned $887.90 million during the quarter, compared to the consensus estimate of $772.83 million. During the same quarter in the previous year, the firm posted $0.20 EPS. The business’s revenue for the quarter was up 41.0% compared to the same quarter last year. Equities research analysts expect that Antero Resources Corp will post $0.43 earnings per share for the current fiscal year.

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In other news, insider K. Phil Yoo sold 2,000 shares of the stock in a transaction on Thursday, January 5th. The stock was sold at an average price of $25.00, for a total value of $50,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 10.80% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its stake in Antero Resources Corp by 0.3% in the fourth quarter. Van ECK Associates Corp now owns 30,854 shares of the company’s stock worth $730,000 after buying an additional 84 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Antero Resources Corp by 2.2% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 21,819 shares of the company’s stock worth $588,000 after buying an additional 472 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Antero Resources Corp by 4.3% in the third quarter. Hsbc Holdings PLC now owns 18,367 shares of the company’s stock worth $495,000 after buying an additional 752 shares in the last quarter. Cantab Capital Partners LLP boosted its stake in Antero Resources Corp by 8.8% in the fourth quarter. Cantab Capital Partners LLP now owns 10,666 shares of the company’s stock worth $252,000 after buying an additional 864 shares in the last quarter. Finally, ARGI Investment Services LLC boosted its stake in Antero Resources Corp by 2.7% in the third quarter. ARGI Investment Services LLC now owns 34,370 shares of the company’s stock worth $926,000 after buying an additional 919 shares in the last quarter. 86.83% of the stock is currently owned by hedge funds and other institutional investors.

Antero Resources Corp 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.

5 Day Chart for NYSE:AR

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