Antero Resources (AR) Lowered to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of Antero Resources (NYSE:AR) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

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. “

Several other research analysts have also weighed in on AR. Howard Weil lowered Antero Resources from an outperform rating to a sector perform rating and set a $26.00 price target on the stock. in a research report on Thursday, September 21st. BMO Capital Markets reaffirmed a buy rating on shares of Antero Resources in a research report on Friday, September 22nd. Boenning Scattergood lowered Antero Resources from an outperform rating to a sector perform rating and set a $26.00 price target on the stock. in a research report on Saturday, September 23rd. Stifel Nicolaus set a $21.00 price target on Antero Resources and gave the stock a hold rating in a research report on Thursday, October 5th. Finally, Jefferies Group started coverage on Antero Resources in a research report on Monday, October 9th. They set a hold rating and a $21.00 price target on the stock. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $25.41.

Antero Resources (NYSE:AR) opened at $18.74 on Wednesday. The firm has a market capitalization of $5,914.96, a P/E ratio of -16.30, a price-to-earnings-growth ratio of 1.27 and a beta of 0.94. Antero Resources has a 1 year low of $17.59 and a 1 year high of $26.60. 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 (NYSE:AR) last posted its quarterly earnings results on Wednesday, November 1st. The oil and natural gas company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). The company had revenue of $775.30 million for the quarter, compared to analyst estimates 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 period last year, the firm earned $0.18 EPS. sell-side analysts forecast that Antero Resources will post -0.09 earnings per share for the current fiscal year.

In related 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kevin J. Kilstrom sold 82,760 shares of the business’s stock in a transaction 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. Insiders own 9.20% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC bought a new stake in Antero Resources in the 4th quarter valued at $413,000. State of Alaska Department of Revenue bought a new stake in Antero Resources in the 4th quarter valued at $284,000. Hamilton Lane Advisors LLC boosted its stake in Antero Resources by 520.2% in the 4th quarter. Hamilton Lane Advisors LLC now owns 285,782 shares of the oil and natural gas company’s stock valued at $5,430,000 after purchasing an additional 239,702 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Antero Resources by 12.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 955,070 shares of the oil and natural gas company’s stock valued at $18,147,000 after purchasing an additional 103,917 shares during the period. Finally, Gulf International Bank UK Ltd boosted its stake in Antero Resources by 23.4% in the 4th quarter. Gulf International Bank UK Ltd now owns 79,114 shares of the oil and natural gas company’s stock valued at $1,503,000 after purchasing an additional 15,000 shares during the period. Institutional investors and hedge funds own 96.99% of the company’s stock.

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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.

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