Antero Resources Corporation (AR) Research Coverage Started at Jefferies Group LLC

Jefferies Group LLC began coverage on shares of Antero Resources Corporation (NYSE:AR) in a report published on Monday, Marketbeat.com reports. The firm issued a hold rating and a $21.00 price objective on the oil and natural gas company’s stock.

AR has been the subject of several other reports. ValuEngine lowered Antero Resources Corporation from a hold rating to a sell rating in a report on Friday, September 1st. KeyCorp reissued a buy rating and set a $33.00 price objective on shares of Antero Resources Corporation in a report on Sunday, September 3rd. Zacks Investment Research raised Antero Resources Corporation from a hold rating to a buy rating and set a $24.00 price objective for the company in a report on Tuesday, July 11th. Scotiabank reissued a buy rating and set a $27.00 price objective on shares of Antero Resources Corporation in a report on Thursday, August 3rd. Finally, Wolfe Research lowered Antero Resources Corporation from an outperform rating to a market perform rating in a report on Thursday, June 15th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $28.78.

Antero Resources Corporation (NYSE:AR) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). Antero Resources Corporation had a net margin of 0.48% and a return on equity of 1.44%. The firm had revenue of $736.00 million for the quarter, compared to the consensus estimate of $778.55 million. During the same period last year, the company posted $0.14 earnings per share. Antero Resources Corporation’s revenue for the quarter was up 1.1% on a year-over-year basis.

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In related news, insider K. Phil Yoo sold 3,785 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $20.55, for a total value of $77,781.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 9.20% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. raised its position in Antero Resources Corporation by 0.8% during the first quarter. Nomura Asset Management Co. Ltd. now owns 22,990 shares of the oil and natural gas company’s stock valued at $524,000 after purchasing an additional 190 shares in the last quarter. TD Asset Management Inc. raised its position in Antero Resources Corporation by 4.4% during the first quarter. TD Asset Management Inc. now owns 9,411 shares of the oil and natural gas company’s stock valued at $215,000 after purchasing an additional 400 shares in the last quarter. Allen Investment Management LLC raised its position in Antero Resources Corporation by 2.4% during the first quarter. Allen Investment Management LLC now owns 18,275 shares of the oil and natural gas company’s stock valued at $417,000 after purchasing an additional 422 shares in the last quarter. Texan Capital Management raised its position in Antero Resources Corporation by 2.0% during the second quarter. Texan Capital Management now owns 26,845 shares of the oil and natural gas company’s stock valued at $580,000 after purchasing an additional 535 shares in the last quarter. Finally, Royal Bank of Canada raised its position in Antero Resources Corporation by 5.1% during the second quarter. Royal Bank of Canada now owns 11,731 shares of the oil and natural gas company’s stock valued at $254,000 after purchasing an additional 566 shares in the last quarter. Institutional investors own 93.59% 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.

Analyst Recommendations for Antero Resources Corporation (NYSE:AR)

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