Brokerages Set Antero Resources Corp (AR) Target Price at $19.05

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Shares of Antero Resources Corp (NYSE:AR) have been assigned a consensus recommendation of “Hold” from the fifteen brokerages that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $19.05.

A number of research firms have weighed in on AR. ValuEngine lowered shares of Antero Resources from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 15th. Zacks Investment Research lowered shares of Antero Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, December 11th. MKM Partners began coverage on shares of Antero Resources in a research note on Wednesday, December 5th. They issued a “buy” rating and a $17.00 target price on the stock. Jefferies Financial Group reissued a “hold” rating and issued a $13.00 target price on shares of Antero Resources in a research note on Monday, December 17th. Finally, Raymond James lowered shares of Antero Resources from an “outperform” rating to an “underperform” rating in a research note on Wednesday, December 19th.

In other news, insider Paul M. Rady purchased 12,239 shares of Antero Resources stock in a transaction dated Wednesday, March 13th. The shares were purchased at an average price of $8.34 per share, with a total value of $102,073.26. Following the transaction, the insider now owns 9,579,520 shares in the company, valued at $79,893,196.80. The purchase was disclosed in a document filed with the SEC, which is available through this link. 9.40% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of AR. Norges Bank acquired a new stake in Antero Resources in the 4th quarter valued at approximately $40,327,000. Baupost Group LLC MA increased its holdings in Antero Resources by 7.5% in the 4th quarter. Baupost Group LLC MA now owns 28,587,791 shares of the oil and natural gas company’s stock valued at $268,439,000 after purchasing an additional 2,000,000 shares during the last quarter. Pennant Investors LP acquired a new stake in Antero Resources in the 3rd quarter valued at approximately $17,710,000. Poplar Forest Capital LLC increased its holdings in Antero Resources by 40.3% in the 4th quarter. Poplar Forest Capital LLC now owns 2,760,036 shares of the oil and natural gas company’s stock valued at $25,917,000 after purchasing an additional 793,020 shares during the last quarter. Finally, Sound Shore Management Inc. CT increased its holdings in Antero Resources by 9.0% in the 4th quarter. Sound Shore Management Inc. CT now owns 8,456,228 shares of the oil and natural gas company’s stock valued at $79,404,000 after purchasing an additional 699,980 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

AR traded down $0.29 during trading on Friday, reaching $8.29. The company’s stock had a trading volume of 1,855,701 shares, compared to its average volume of 6,452,411. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.95 and a quick ratio of 0.95. Antero Resources has a 1 year low of $7.63 and a 1 year high of $22.69. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 13.62 and a beta of 0.98.

Antero Resources (NYSE:AR) last released its earnings results on Wednesday, February 13th. The oil and natural gas company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.09. Antero Resources had a negative net margin of 9.60% and a positive return on equity of 3.67%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the company posted $0.33 EPS. The business’s revenue was up 34.5% on a year-over-year basis. On average, equities analysts anticipate that Antero Resources will post 0.03 earnings per share for the current fiscal year.

Antero Resources Company Profile

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.

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Analyst Recommendations for Antero Resources (NYSE:AR)

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