Antero Resources (NYSE:AR) Downgraded to “Sell” at Zacks Investment Research

Antero Resources (NYSE:AR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, December 20th.

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. “

A number of other equities research analysts have also weighed in on AR. Royal Bank of Canada reaffirmed a “hold” rating on shares of Antero Resources in a research report on Monday, October 23rd. Credit Suisse Group began coverage on Antero Resources in a research report on Monday, December 11th. They set a “neutral” rating and a $21.00 target price for the company. Robert W. Baird reduced their price target on Antero Resources from $39.00 to $22.00 and set an “outperform” rating for the company in a research report on Monday, December 18th. BMO Capital Markets reissued a “buy” rating on shares of Antero Resources in a research report on Friday, September 22nd. Finally, SunTrust Banks reissued a “hold” rating and issued a $23.00 price target on shares of Antero Resources in a research report on Friday, December 8th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $25.61.

Shares of Antero Resources (NYSE AR) traded up $0.29 during trading on Wednesday, hitting $19.87. The stock had a trading volume of 2,456,172 shares, compared to its average volume of 2,440,305. Antero Resources has a 12-month low of $17.59 and a 12-month high of $26.60. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54. The stock has a market cap of $6,180.08, a PE ratio of -17.28, a price-to-earnings-growth ratio of 2.08 and a beta of 0.94.

Antero Resources (NYSE:AR) last posted its quarterly earnings data on Wednesday, November 1st. The oil and natural gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). Antero Resources had a negative net margin of 12.82% and a positive return on equity of 0.78%. The business had revenue of $775.30 million for the quarter, compared to analysts’ expectations of $798.88 million. During the same quarter in the previous year, the firm earned $0.18 EPS. equities analysts expect that Antero Resources will post -0.14 EPS 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 dated 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 filing with the SEC, which is accessible through this hyperlink. Also, insider K. Phil Yoo sold 10,865 shares of the company’s stock in a transaction dated 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 insiders.

Several institutional investors and hedge funds have recently modified their holdings of AR. Great West Life Assurance Co. Can boosted its stake in shares of Antero Resources by 16.8% in the second quarter. Great West Life Assurance Co. Can now owns 108,333 shares of the oil and natural gas company’s stock worth $2,337,000 after buying an additional 15,563 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Antero Resources by 128.1% during the second 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 last quarter. Pictet Asset Management Ltd. raised its holdings in shares of Antero Resources by 29.0% during the second quarter. Pictet Asset Management Ltd. now owns 80,000 shares of the oil and natural gas company’s stock valued at $1,646,000 after acquiring an additional 18,000 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Antero Resources by 23.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 581,400 shares of the oil and natural gas company’s stock valued at $12,565,000 after acquiring an additional 110,834 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Antero Resources by 23.1% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 28,895 shares of the oil and natural gas company’s stock valued at $624,000 after acquiring an additional 5,415 shares during the last quarter. Hedge funds and other institutional investors own 96.99% of the company’s stock.

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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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