Antero Resources (NYSE:AR) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Antero Resources (NYSE:AR) from a hold rating to a buy rating in a report issued on Wednesday, January 3rd. Zacks Investment Research currently has $22.00 target price on the oil and natural gas company’s stock.

According to Zacks, “Antero Resources Corporation is an independent oil and natural gas company. It is primarily engaged in the exploitation, development and acquisition of unconventional oil and liquids-rich natural gas properties primarily located in the Appalachian Basin in West Virginia, Ohio and Pennsylvania. Antero Resources Corporation is headquartered in Denver, Colorado. “

Other research analysts have also issued research reports about the stock. Royal Bank of Canada restated a hold rating on shares of Antero Resources in a report on Monday, October 23rd. Credit Suisse Group started coverage on shares of Antero Resources in a research note on Monday, December 11th. They issued a neutral rating and a $21.00 price objective for the company. Robert W. Baird lowered their price objective on shares of Antero Resources from $39.00 to $22.00 and set an outperform rating for the company in a research note on Monday, December 18th. BMO Capital Markets reiterated a buy rating on shares of Antero Resources in a research note on Friday, September 22nd. Finally, SunTrust Banks reiterated a hold rating and issued a $23.00 price objective on shares of Antero Resources in a research note on Friday, December 8th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $25.61.

Antero Resources (NYSE AR) opened at $19.58 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54. Antero Resources has a fifty-two week low of $17.59 and a fifty-two week high of $26.60. The stock has a market cap of $6,180.00, a P/E ratio of -17.18, a price-to-earnings-growth ratio of 2.07 and a beta of 0.94.

Antero Resources (NYSE:AR) last released its quarterly earnings results on Wednesday, November 1st. 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 had a positive return on equity of 0.78% and a negative net margin of 12.82%. The firm had revenue of $775.30 million for the quarter, compared to the consensus estimate of $798.88 million. During the same quarter in the previous year, the business posted $0.18 EPS. sell-side analysts forecast that Antero Resources will post -0.14 earnings per share for the current year.

In other Antero Resources news, insider Kevin J. Kilstrom sold 82,760 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $19.99, for a total transaction of $1,654,372.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider K. Phil Yoo sold 10,865 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $19.25, for a total transaction of $209,151.25. The disclosure for this sale can be found here. Insiders own 9.20% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Baupost Group LLC MA boosted its holdings in Antero Resources by 12.9% during the 3rd quarter. Baupost Group LLC MA now owns 23,912,257 shares of the oil and natural gas company’s stock worth $475,854,000 after acquiring an additional 2,741,261 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Antero Resources by 6.5% during the 2nd quarter. Vanguard Group Inc. now owns 17,760,019 shares of the oil and natural gas company’s stock worth $383,794,000 after acquiring an additional 1,091,065 shares during the last quarter. BlackRock Inc. boosted its holdings in Antero Resources by 18.7% during the 2nd quarter. BlackRock Inc. now owns 10,146,431 shares of the oil and natural gas company’s stock worth $219,264,000 after acquiring an additional 1,595,558 shares during the last quarter. Sound Shore Management Inc. CT boosted its holdings in Antero Resources by 5.6% during the 3rd quarter. Sound Shore Management Inc. CT now owns 9,932,900 shares of the oil and natural gas company’s stock worth $197,665,000 after acquiring an additional 526,500 shares during the last quarter. Finally, State Street Corp boosted its holdings in Antero Resources by 13.6% during the 2nd quarter. State Street Corp now owns 8,187,581 shares of the oil and natural gas company’s stock worth $176,939,000 after acquiring an additional 978,883 shares during the last quarter. 96.99% of the stock is currently owned by hedge funds and other institutional investors.

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Antero Resources Company Profile

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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