Antero Resources (NYSE:AR) Raised to Neutral at Macquarie

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Macquarie upgraded shares of Antero Resources (NYSE:AR) from an underperform rating to a neutral rating in a research report released on Friday, BenzingaRatingsTable reports. The analysts noted that the move was a valuation call.

A number of other brokerages have also recently issued reports on AR. Goldman Sachs Group initiated coverage on shares of Antero Resources in a report on Friday, April 12th. They issued a buy rating and a $10.50 price objective for the company. Cowen assumed coverage on shares of Antero Resources in a report on Tuesday, April 9th. They issued a market perform rating and a $11.00 price objective for the company. Canaccord Genuity restated an average rating and set a $3.50 price target on shares of Antero Resources in a report on Wednesday, June 26th. Capital One Financial upgraded shares of Antero Resources from an underweight rating to an equal weight rating in a report on Tuesday, June 18th. Finally, Morgan Stanley upped their price target on shares of Antero Resources from $6.00 to $6.25 and gave the company an equal weight rating in a report on Friday, July 12th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $12.65.

Shares of NYSE:AR opened at $4.65 on Friday. The company has a market capitalization of $1.44 billion, a PE ratio of 6.04 and a beta of 0.71. Antero Resources has a 1 year low of $3.95 and a 1 year high of $20.21. The stock has a fifty day simple moving average of $5.16. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.58 and a quick ratio of 0.43.

Antero Resources (NYSE:AR) last issued its quarterly earnings data on Wednesday, July 31st. The oil and natural gas company reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($0.08). The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.06 billion. Antero Resources had a positive return on equity of 2.99% and a negative net margin of 4.91%. The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.02 earnings per share. On average, equities analysts anticipate that Antero Resources will post -0.03 earnings per share for the current year.

In related news, insider Paul M. Rady acquired 7,200 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was acquired at an average price of $6.90 per share, with a total value of $49,680.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James R. Levy sold 16,094,190 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $6.17, for a total transaction of $99,301,152.30. Following the transaction, the director now directly owns 116,214 shares of the company’s stock, valued at approximately $717,040.38. The disclosure for this sale can be found here. Insiders have acquired 48,050 shares of company stock valued at $330,062 over the last 90 days. Corporate insiders own 9.70% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Sanders Morris Harris LLC raised its position in Antero Resources by 4.5% in the first quarter. Sanders Morris Harris LLC now owns 66,000 shares of the oil and natural gas company’s stock worth $582,000 after purchasing an additional 2,864 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Antero Resources by 100.0% in the second quarter. Nisa Investment Advisors LLC now owns 6,400 shares of the oil and natural gas company’s stock worth $35,000 after purchasing an additional 3,200 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in Antero Resources by 8.5% in the first quarter. Robeco Institutional Asset Management B.V. now owns 43,427 shares of the oil and natural gas company’s stock worth $384,000 after purchasing an additional 3,400 shares in the last quarter. Wedge Capital Management L L P NC raised its position in Antero Resources by 7.7% in the second quarter. Wedge Capital Management L L P NC now owns 48,860 shares of the oil and natural gas company’s stock worth $270,000 after purchasing an additional 3,486 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its position in Antero Resources by 3,191.9% in the first quarter. Quadrant Capital Group LLC now owns 3,654 shares of the oil and natural gas company’s stock worth $31,000 after purchasing an additional 3,543 shares in the last quarter. 94.69% of the stock is owned by institutional investors and hedge funds.

About Antero Resources

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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