Guggenheim Analysts Give Antero Resources (NYSE:AR) a $10.00 Price Target

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Guggenheim set a $10.00 price target on Antero Resources (NYSE:AR) in a report issued on Wednesday morning, TipRanks reports. The brokerage currently has a buy rating on the oil and natural gas company’s stock.

Several other brokerages also recently issued reports on AR. Canaccord Genuity reaffirmed an average rating and issued a $3.50 price target on shares of Antero Resources in a report on Wednesday, June 26th. Capital One Financial raised shares of Antero Resources from an underweight rating to an equal weight rating in a research note on Tuesday, June 18th. Zacks Investment Research raised shares of Antero Resources from a hold rating to a buy rating and set a $5.50 price objective on the stock in a research note on Friday, July 12th. Morgan Stanley upped their price objective on shares of Antero Resources from $6.00 to $6.25 and gave the company an equal weight rating in a research note on Friday, July 12th. Finally, Macquarie raised shares of Antero Resources from an underperform rating to a neutral rating in a research note on Friday, August 2nd. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. Antero Resources has an average rating of Hold and a consensus target price of $11.48.

Shares of NYSE AR opened at $3.26 on Wednesday. Antero Resources has a 12-month low of $3.21 and a 12-month high of $20.21. The company has a market capitalization of $1.01 billion, a PE ratio of 4.23 and a beta of 0.70. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.58 and a quick ratio of 0.58. The firm’s 50-day moving average is $4.39 and its two-hundred day moving average is $6.94.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.08). Antero Resources had a negative net margin of 4.91% and a positive return on equity of 2.99%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the company earned $0.02 EPS. The firm’s revenue for the quarter was up .1% on a year-over-year basis. On average, analysts forecast that Antero Resources will post -0.16 EPS for the current fiscal year.

In other Antero Resources news, Director James R. Levy sold 16,094,190 shares of the stock in a transaction that occurred on 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 owns 116,214 shares of the company’s stock, valued at $717,040.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Paul M. Rady purchased 7,500 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were bought at an average cost of $6.71 per share, for a total transaction of $50,325.00. The disclosure for this purchase can be found here. Company insiders own 9.70% of the company’s stock.

A number of large investors have recently bought and sold shares of AR. Grantham Mayo Van Otterloo & Co. LLC purchased a new position in Antero Resources during the second quarter worth approximately $60,408,000. Renaissance Technologies LLC raised its stake in Antero Resources by 435.1% during the second quarter. Renaissance Technologies LLC now owns 6,312,201 shares of the oil and natural gas company’s stock worth $34,906,000 after purchasing an additional 5,132,465 shares during the period. Board of Trustees of The Leland Stanford Junior University raised its stake in Antero Resources by 198.0% during the first quarter. Board of Trustees of The Leland Stanford Junior University now owns 6,693,966 shares of the oil and natural gas company’s stock worth $59,108,000 after purchasing an additional 4,447,772 shares during the period. Nuveen Asset Management LLC raised its stake in Antero Resources by 727.8% during the second quarter. Nuveen Asset Management LLC now owns 3,568,894 shares of the oil and natural gas company’s stock worth $19,737,000 after purchasing an additional 3,137,781 shares during the period. Finally, Thompson Siegel & Walmsley LLC raised its stake in Antero Resources by 21.5% during the first quarter. Thompson Siegel & Walmsley LLC now owns 11,220,124 shares of the oil and natural gas company’s stock worth $99,074,000 after purchasing an additional 1,987,140 shares during the period. 93.92% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Antero Resources (NYSE:AR)

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