Antero Resources Corporation (AR) Price Target Lowered to $22.00 at Morgan Stanley

Antero Resources Corporation (NYSE:AR) had its price target dropped by investment analysts at Morgan Stanley from $23.00 to $22.00 in a research report issued to clients and investors on Wednesday, October 18th. The brokerage currently has an “equal weight” rating on the oil and natural gas company’s stock. Morgan Stanley’s price objective suggests a potential upside of 17.33% from the company’s previous close.

Several other equities research analysts also recently issued reports on AR. BMO Capital Markets restated a “buy” rating and set a $26.00 price objective on shares of Antero Resources Corporation in a report on Thursday, June 22nd. BidaskClub upgraded Antero Resources Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Scotiabank set a $27.00 price objective on Antero Resources Corporation and gave the stock a “buy” rating in a report on Saturday, July 1st. Zacks Investment Research upgraded Antero Resources Corporation from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Tuesday, July 11th. Finally, Cowen and Company set a $25.00 target price on Antero Resources Corporation and gave the stock a “hold” rating in a research report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $28.42.

Shares of Antero Resources Corporation (AR) traded up 3.36% during midday trading on Wednesday, hitting $18.75. 4,432,626 shares of the stock traded hands. Antero Resources Corporation has a 12-month low of $17.89 and a 12-month high of $27.23. The company’s 50 day moving average price is $19.91 and its 200-day moving average price is $20.56. The stock has a market cap of $5.92 billion, a price-to-earnings ratio of 436.05 and a beta of 0.96.

Antero Resources Corporation (NYSE:AR) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). Antero Resources Corporation had a return on equity of 1.44% and a net margin of 0.48%. The business had revenue of $736.00 million for the quarter, compared to analysts’ expectations of $778.55 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. Antero Resources Corporation’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, equities research analysts expect that Antero Resources Corporation will post $0.40 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Antero Resources Corporation (AR) Price Target Lowered to $22.00 at Morgan Stanley” was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The original version of this piece can be accessed at https://www.dispatchtribunal.com/2017/10/28/antero-resources-corporation-ar-price-target-lowered-to-22-00-at-morgan-stanley.html.

In other news, insider K. Phil Yoo sold 3,785 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $20.55, for a total value of $77,781.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 9.20% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of AR. BlackRock Inc. raised its stake in shares of Antero Resources Corporation by 2,440.4% in the 1st quarter. BlackRock Inc. now owns 8,550,873 shares of the oil and natural gas company’s stock worth $195,044,000 after buying an additional 8,214,276 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Antero Resources Corporation by 15,715.7% in the 2nd quarter. Janus Henderson Group PLC now owns 2,916,259 shares of the oil and natural gas company’s stock worth $63,020,000 after buying an additional 2,897,820 shares in the last quarter. Sound Shore Management Inc. CT raised its stake in shares of Antero Resources Corporation by 22.0% in the 2nd quarter. Sound Shore Management Inc. CT now owns 9,406,400 shares of the oil and natural gas company’s stock worth $203,272,000 after buying an additional 1,697,858 shares in the last quarter. State Street Corp raised its stake in shares of Antero Resources Corporation by 21.4% in the 1st quarter. State Street Corp now owns 7,208,698 shares of the oil and natural gas company’s stock worth $164,429,000 after buying an additional 1,271,005 shares in the last quarter. Finally, Caymus Capital Partners L.P. raised its stake in shares of Antero Resources Corporation by 34.5% in the 2nd quarter. Caymus Capital Partners L.P. now owns 4,369,500 shares of the oil and natural gas company’s stock worth $94,425,000 after buying an additional 1,121,300 shares in the last quarter. 93.67% of the stock is currently owned by institutional investors.

About Antero Resources Corporation

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.

Analyst Recommendations for Antero Resources Corporation (NYSE:AR)

Receive News & Ratings for Antero Resources Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antero Resources Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply