Antero Resources (AR) Lifted to Strong-Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Antero Resources (NYSE:AR) from a hold rating to a strong-buy rating in a research report released on Wednesday morning. Zacks Investment Research currently has $23.00 target price 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. “

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AR has been the topic of a number of other research reports. Robert W. Baird restated a buy rating and set a $28.00 price objective on shares of Antero Resources in a research note on Wednesday, January 17th. Credit Suisse Group assumed coverage on Antero Resources in a research note on Monday, December 11th. They set a neutral rating and a $21.00 price objective on the stock. ValuEngine lowered Antero Resources from a hold rating to a sell rating in a research note on Friday, February 2nd. BMO Capital Markets restated a buy rating and set a $23.00 price objective on shares of Antero Resources in a research note on Tuesday, February 27th. Finally, Raymond James Financial downgraded Antero Resources from a strong-buy rating to an outperform rating and set a $24.00 target price on the stock. in a report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $24.13.

AR stock opened at $19.35 on Wednesday. Antero Resources has a 52 week low of $16.31 and a 52 week high of $23.56. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $6,365.30, a price-to-earnings ratio of 9.97, a price-to-earnings-growth ratio of 1.13 and a beta of 0.90.

Antero Resources (NYSE:AR) last posted its quarterly earnings data on Tuesday, February 13th. The oil and natural gas company reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.11. Antero Resources had a return on equity of 0.83% and a net margin of 16.83%. The firm had revenue of $919.84 million for the quarter, compared to analyst estimates of $857.64 million. equities analysts forecast that Antero Resources will post 0.89 earnings per share for the current year.

In related news, insider K. Phil Yoo sold 2,500 shares of the firm’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $20.00, for a total transaction of $50,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 9.20% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Twin Tree Management LP acquired a new stake in shares of Antero Resources during the 4th quarter valued at $143,000. Toronto Dominion Bank boosted its holdings in shares of 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 valued at $186,000 after acquiring an additional 6,617 shares in the last quarter. James Hambro & Partners acquired a new stake in shares of Antero Resources during the 4th quarter valued at $190,000. SG Americas Securities LLC acquired a new stake in shares of Antero Resources during the 4th quarter valued at $191,000. Finally, American International Group Inc. boosted its holdings in shares of Antero Resources by 76.4% during the 4th quarter. American International Group Inc. now owns 11,873 shares of the oil and natural gas company’s stock valued at $226,000 after acquiring an additional 5,141 shares in the last quarter. 94.31% of the stock is currently 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.

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