BMO Capital Markets set a $24.00 price objective on Antero Resources Corporation (NYSE:AR) in a research note released on Tuesday, October 24th. The firm currently has a buy rating on the oil and natural gas company’s stock.
A number of other research analysts also recently weighed in on the company. Royal Bank of Canada reissued a hold rating on shares of Antero Resources Corporation in a research note on Monday, October 23rd. Cowen and Company set a $25.00 price objective on Antero Resources Corporation and gave the stock a hold rating in a research note on Wednesday, October 18th. Morgan Stanley lowered their target price on Antero Resources Corporation from $23.00 to $22.00 and set an equal weight rating for the company in a report on Wednesday, October 18th. Robert W. Baird set a $38.00 price objective on Antero Resources Corporation and gave the company a buy rating in a report on Thursday, October 12th. Finally, Jefferies Group LLC began coverage on Antero Resources Corporation in a report on Monday, October 9th. They issued a hold rating and a $21.00 price objective for the company. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $27.74.
Shares of Antero Resources Corporation (NYSE AR) traded up $0.49 during trading hours on Tuesday, hitting $20.26. The company’s stock had a trading volume of 3,542,000 shares, compared to its average volume of 3,364,932. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $6,240.06, a PE ratio of 104.05 and a beta of 0.95. 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 posted its quarterly earnings results on Wednesday, November 1st. The oil and natural gas company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The firm had revenue of $775.30 million during the quarter, compared to analyst estimates of $798.88 million. Antero Resources Corporation had a negative net margin of 12.82% and a positive return on equity of 0.78%. During the same period last year, the company earned $0.18 EPS. equities analysts forecast that Antero Resources Corporation will post -0.02 earnings per share for the current fiscal year.
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Several hedge funds have recently made changes to their positions in AR. BlackRock Inc. lifted its stake in 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 purchasing an additional 8,214,276 shares in the last quarter. Janus Henderson Group PLC lifted its stake in 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 purchasing an additional 2,897,820 shares in the last quarter. Sound Shore Management Inc. CT lifted its stake in 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 purchasing an additional 1,697,858 shares in the last quarter. State Street Corp raised its position in shares of Antero Resources Corporation by 21.4% during the 1st quarter. State Street Corp now owns 7,208,698 shares of the oil and natural gas company’s stock valued at $164,429,000 after buying an additional 1,271,005 shares in the last quarter. Finally, Caymus Capital Partners L.P. raised its position in shares of Antero Resources Corporation by 34.5% during the 2nd quarter. Caymus Capital Partners L.P. now owns 4,369,500 shares of the oil and natural gas company’s stock valued at $94,425,000 after buying an additional 1,121,300 shares in the last quarter. Institutional investors own 93.66% of the company’s stock.
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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