Antero Resources (AR) Upgraded by Zacks Investment Research to Buy

Zacks Investment Research upgraded shares of Antero Resources (NYSE:AR) from a hold rating to a buy rating in a research report sent to investors on Tuesday. They currently have $22.00 price objective on the oil and natural gas company’s stock.

According to Zacks, “Antero Resources Corporation is an independent oil and natural gas company. It is primarily engaged in the exploitation, development and acquisition of unconventional oil and liquids-rich natural gas properties primarily located in the Appalachian Basin in West Virginia, Ohio and Pennsylvania. Antero Resources Corporation is headquartered in Denver, Colorado. “

A number of other equities research analysts also recently weighed in on the company. Credit Suisse Group initiated coverage on Antero Resources in a report on Monday, December 11th. They issued a neutral rating and a $21.00 target price for the company. Morgan Stanley reduced their price objective on Antero Resources from $23.00 to $22.00 and set an equal weight rating for the company in a research note on Wednesday, October 18th. Barclays cut Antero Resources from an overweight rating to an equal weight rating and set a $21.00 price objective for the company. in a research note on Monday, November 20th. Jefferies Group set a $20.00 price objective on Antero Resources and gave the company a hold rating in a research note on Friday, November 17th. Finally, SunTrust Banks reissued a hold rating and issued a $22.00 price objective on shares of Antero Resources in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the stock. Antero Resources has an average rating of Hold and an average target price of $25.59.

Shares of Antero Resources (NYSE:AR) traded down $0.09 during mid-day trading on Tuesday, reaching $19.78. The company’s stock had a trading volume of 4,144,100 shares, compared to its average volume of 2,550,560. The company has a market capitalization of $6,220.00, a P/E ratio of -17.35, a P/E/G ratio of 2.11 and a beta of 0.94. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 0.85. Antero Resources has a 1-year low of $17.59 and a 1-year high of $26.60.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, November 1st. The oil and natural gas company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). The business had revenue of $775.30 million during the quarter, compared to the consensus estimate of $798.88 million. Antero Resources had a positive return on equity of 0.78% and a negative net margin of 12.82%. During the same quarter in the previous year, the firm posted $0.18 earnings per share. research analysts predict that Antero Resources will post -0.14 EPS for the current year.

In other Antero Resources news, insider K. Phil Yoo sold 10,865 shares of the business’s stock in a transaction 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 SEC, which is available at this link. Also, insider Kevin J. Kilstrom sold 82,760 shares of the business’s stock in a transaction on Friday, November 10th. The stock was 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. 9.20% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. Baupost Group LLC MA boosted its position in Antero Resources by 12.9% in the third quarter. Baupost Group LLC MA now owns 23,912,257 shares of the oil and natural gas company’s stock worth $475,854,000 after purchasing an additional 2,741,261 shares during the last quarter. Vanguard Group Inc. boosted its position in Antero Resources by 6.5% in the second quarter. Vanguard Group Inc. now owns 17,760,019 shares of the oil and natural gas company’s stock worth $383,794,000 after purchasing an additional 1,091,065 shares during the last quarter. BlackRock Inc. boosted its position in Antero Resources by 18.7% in the second quarter. BlackRock Inc. now owns 10,146,431 shares of the oil and natural gas company’s stock worth $219,264,000 after purchasing an additional 1,595,558 shares during the last quarter. Sound Shore Management Inc. CT boosted its position in Antero Resources by 5.6% in the third quarter. Sound Shore Management Inc. CT now owns 9,932,900 shares of the oil and natural gas company’s stock worth $197,665,000 after purchasing an additional 526,500 shares during the last quarter. Finally, State Street Corp boosted its position in Antero Resources by 13.6% in the second quarter. State Street Corp now owns 8,187,581 shares of the oil and natural gas company’s stock worth $176,939,000 after purchasing an additional 978,883 shares during the last quarter. 96.99% of the stock is currently owned by institutional investors and hedge funds.

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Antero Resources 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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Analyst Recommendations for Antero Resources (NYSE:AR)

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