ValuEngine downgraded shares of Antero Resources (NYSE:AR) from a sell rating to a strong sell rating in a research note published on Friday morning.
A number of other analysts have also commented on the company. Zacks Investment Research upgraded Antero Resources from a hold rating to a strong-buy rating and set a $23.00 price objective for the company in a research report on Wednesday, March 21st. BMO Capital Markets reiterated a buy rating and issued a $23.00 price objective on shares of Antero Resources in a research report on Tuesday, February 27th. Jefferies Group set a $23.00 price objective on Antero Resources and gave the stock a hold rating in a research report on Tuesday, January 30th. Raymond James Financial lowered Antero Resources from a strong-buy rating to an outperform rating and set a $24.00 target price for the company. in a research report on Monday, January 29th. Finally, KeyCorp set a $29.00 target price on Antero Resources and gave the stock a buy rating in a research report on Sunday, January 21st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $24.13.
Shares of AR stock opened at $20.11 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $6,415.94, a P/E ratio of 167.58, a PEG ratio of 1.13 and a beta of 0.81. Antero Resources has a 12 month low of $16.31 and a 12 month high of $23.56.
Antero Resources (NYSE:AR) last announced its quarterly earnings data on Tuesday, February 13th. The oil and natural gas company reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.11. The firm had revenue of $919.84 million during the quarter, compared to analyst estimates of $857.64 million. Antero Resources had a return on equity of 0.83% and a net margin of 16.83%. equities analysts anticipate that Antero Resources will post 0.9 earnings per share for the current fiscal year.
In other news, insider K. Phil Yoo sold 2,500 shares of Antero Resources stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $20.00, for a total transaction of $50,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 9.20% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in Antero Resources by 60.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,325,460 shares of the oil and natural gas company’s stock valued at $66,176,000 after acquiring an additional 1,254,460 shares in the last quarter. Mountain Lake Investment Management LLC lifted its stake in Antero Resources by 270.7% in the 4th quarter. Mountain Lake Investment Management LLC now owns 1,075,000 shares of the oil and natural gas company’s stock valued at $20,425,000 after acquiring an additional 785,000 shares in the last quarter. Eagle Asset Management Inc. bought a new stake in Antero Resources in the 4th quarter valued at approximately $9,382,000. Neuberger Berman Group LLC lifted its stake in Antero Resources by 40.5% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,535,813 shares of the oil and natural gas company’s stock valued at $30,562,000 after acquiring an additional 442,397 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Antero Resources by 37.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,010,300 shares of the oil and natural gas company’s stock valued at $19,196,000 after acquiring an additional 276,300 shares in the last quarter. Institutional investors and hedge funds own 94.31% of the company’s stock.
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Antero Resources Company Profile
Antero Resources Corporation, an independent oil and natural gas company, acquires, explores, produces, and develops natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2017 had approximately 484,000 net acres in the southwestern core of the Marcellus Shale; approximately 137,000 net acres in the core of the Utica Shale; and approximately 214,000 net acres of Marcellus Shale leasehold.
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