SunTrust Banks reissued their hold rating on shares of Antero Resources (NYSE:AR) in a research note issued to investors on Friday, December 8th, Marketbeat reports. The firm currently has a $23.00 price target on the oil and natural gas company’s stock.
Several other equities research analysts have also recently weighed in on the company. BMO Capital Markets reissued a buy rating on shares of Antero Resources in a research report on Friday, September 22nd. Cowen reaffirmed a hold rating and issued a $25.00 target price on shares of Antero Resources in a research report on Tuesday, September 12th. Scotiabank set a $26.00 target price on Antero Resources and gave the stock a buy rating in a research report on Tuesday, August 22nd. Boenning Scattergood lowered Antero Resources from an outperform rating to a sector perform rating and set a $26.00 price objective for the company. in a research note on Saturday, September 23rd. Finally, Robert W. Baird set a $38.00 price objective on Antero Resources and gave the stock a buy rating in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $27.16.
Antero Resources (NYSE:AR) opened at $17.65 on Friday. Antero Resources has a twelve month low of $17.59 and a twelve month high of $26.60. The firm has a market capitalization of $5,570.92, a PE ratio of 92.89 and a beta of 0.94. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.54.
Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, November 1st. The oil and natural gas company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates 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 had a positive return on equity of 0.78% and a negative net margin of 12.82%. During the same quarter in the prior year, the company posted $0.18 EPS. sell-side analysts forecast that Antero Resources will post -0.12 earnings per share for the current fiscal year.
In other Antero Resources news, insider Kevin J. Kilstrom sold 82,760 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $19.99, for a total transaction of $1,654,372.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider K. Phil Yoo sold 10,865 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $19.25, for a total value of $209,151.25. The disclosure for this sale can be found here. 9.20% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Sumitomo Mitsui Asset Management Company LTD boosted its stake in Antero Resources by 57.1% in the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 18,137 shares of the oil and natural gas company’s stock valued at $391,000 after purchasing an additional 6,595 shares during the period. Public Employees Retirement Association of Colorado boosted its stake in Antero Resources by 385.1% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 27,670 shares of the oil and natural gas company’s stock valued at $598,000 after purchasing an additional 21,966 shares during the period. Great West Life Assurance Co. Can boosted its stake in Antero Resources by 16.8% in the 2nd quarter. Great West Life Assurance Co. Can now owns 108,333 shares of the oil and natural gas company’s stock valued at $2,337,000 after purchasing an additional 15,563 shares during the period. Bessemer Group Inc. boosted its stake in Antero Resources by 7.6% in the 2nd quarter. Bessemer Group Inc. now owns 38,021 shares of the oil and natural gas company’s stock valued at $822,000 after purchasing an additional 2,689 shares during the period. Finally, Sei Investments Co. lifted its position in shares of Antero Resources by 128.1% during the 2nd quarter. Sei Investments Co. now owns 21,003 shares of the oil and natural gas company’s stock valued at $453,000 after acquiring an additional 11,794 shares during the period. 97.02% of the stock is currently owned by institutional investors and hedge funds.
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About Antero Resources
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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