Cowen and Company set a $25.00 target price on Antero Resources Corporation (NYSE:AR) in a research note released on Wednesday, October 18th. The brokerage currently has a hold rating on the oil and natural gas company’s stock.
Several other equities analysts also recently weighed in on the company. Morgan Stanley dropped their price target on Antero Resources Corporation from $23.00 to $22.00 and set an equal weight rating for the company in a research report on Wednesday, October 18th. Robert W. Baird set a $38.00 price objective on Antero Resources Corporation and gave the stock a buy rating in a report on Thursday, October 12th. Jefferies Group LLC assumed coverage on Antero Resources Corporation in a report on Monday, October 9th. They set a hold rating and a $21.00 price objective on the stock. Stifel Nicolaus set a $21.00 price objective on Antero Resources Corporation and gave the stock a hold rating in a report on Thursday, October 5th. Finally, Boenning Scattergood cut Antero Resources Corporation from an outperform rating to a sector perform rating and set a $26.00 price objective on the stock. in a report on Saturday, September 23rd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $28.42.
Antero Resources Corporation (NYSE AR) traded up 3.36% during midday trading on Wednesday, hitting $18.75. 4,432,626 shares of the stock traded hands. The company has a 50-day moving average of $19.91 and a 200-day moving average of $20.56. The stock has a market cap of $5.92 billion, a PE ratio of 436.05 and a beta of 0.96. Antero Resources Corporation has a 12 month low of $17.89 and a 12 month high of $27.23.
Antero Resources Corporation (NYSE:AR) last released its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The company had revenue of $736.00 million for the quarter, compared to analysts’ expectations of $778.55 million. Antero Resources Corporation had a return on equity of 1.44% and a net margin of 0.48%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 EPS. On average, equities research analysts anticipate that Antero Resources Corporation will post $0.40 earnings per share for the current year.
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In other Antero Resources Corporation news, insider K. Phil Yoo sold 3,785 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $20.55, for a total transaction of $77,781.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 9.20% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in shares of Antero Resources Corporation by 268.2% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,100 shares of the oil and natural gas company’s stock worth $185,000 after acquiring an additional 5,900 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Antero Resources Corporation during the first quarter worth about $204,000. Sei Investments Co. increased its position in shares of Antero Resources Corporation by 174.6% during the first quarter. Sei Investments Co. now owns 9,209 shares of the oil and natural gas company’s stock worth $210,000 after acquiring an additional 5,855 shares during the last quarter. HighTower Advisors LLC purchased a new stake in shares of Antero Resources Corporation during the first quarter worth about $212,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Antero Resources Corporation during the second quarter worth about $215,000. 93.67% of the stock is currently owned by institutional investors and hedge funds.
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.
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