Antero Resources (AR) Receives New Coverage from Analysts at TD Securities

TD Securities started coverage on shares of Antero Resources (NYSE:AR) in a research report sent to investors on Thursday morning, Marketbeat reports. The brokerage issued a buy rating and a $26.00 price objective on the oil and natural gas company’s stock.

Other research analysts have also recently issued reports about the stock. Citigroup cut shares of Antero Resources from a buy rating to a neutral rating and boosted their price objective for the company from $20.62 to $27.00 in a report on Tuesday, April 17th. Morgan Stanley boosted their price objective on shares of Antero Resources from $20.00 to $22.00 and gave the company an equal weight rating in a report on Friday, April 20th. Stifel Nicolaus assumed coverage on shares of Antero Resources in a report on Wednesday, May 23rd. They set a buy rating and a $24.50 price objective for the company. ValuEngine cut shares of Antero Resources from a sell rating to a strong sell rating in a report on Friday, April 6th. Finally, Zacks Investment Research raised shares of Antero Resources from a hold rating to a strong-buy rating and set a $23.00 price objective for the company in a report on Wednesday, March 21st. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $24.38.

Antero Resources stock traded up $0.28 during trading hours on Thursday, hitting $21.75. The stock had a trading volume of 106,179 shares, compared to its average volume of 2,568,475. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $6.77 billion, a PE ratio of 180.17, a price-to-earnings-growth ratio of 1.08 and a beta of 0.81. Antero Resources has a 12-month low of $16.31 and a 12-month high of $22.38.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, April 25th. The oil and natural gas company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.07. Antero Resources had a net margin of 10.36% and a return on equity of 1.61%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $916.54 million. During the same period in the previous year, the company earned $0.18 earnings per share. The firm’s quarterly revenue was up 40.1% on a year-over-year basis. equities research analysts forecast that Antero Resources will post 0.98 EPS for the current fiscal year.

In other Antero Resources news, insider K. Phil Yoo sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 1st. The shares were sold at an average price of $18.93, for a total value of $47,325.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 9.40% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the business. SailingStone Capital Partners LLC boosted its position in shares of Antero Resources by 0.7% in the fourth quarter. SailingStone Capital Partners LLC now owns 34,911,997 shares of the oil and natural gas company’s stock worth $663,328,000 after purchasing an additional 250,548 shares during the period. BlackRock Inc. boosted its position in shares of Antero Resources by 4.7% during the first quarter. BlackRock Inc. now owns 12,422,965 shares of the oil and natural gas company’s stock worth $246,595,000 after acquiring an additional 556,251 shares during the last quarter. Sound Shore Management Inc. CT boosted its position in shares of Antero Resources by 7.6% during the first quarter. Sound Shore Management Inc. CT now owns 11,620,868 shares of the oil and natural gas company’s stock worth $230,674,000 after acquiring an additional 821,751 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its position in shares of Antero Resources by 8.2% during the first quarter. Thompson Siegel & Walmsley LLC now owns 6,677,371 shares of the oil and natural gas company’s stock worth $132,546,000 after acquiring an additional 505,497 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Antero Resources by 15.6% during the first quarter. Dimensional Fund Advisors LP now owns 5,499,386 shares of the oil and natural gas company’s stock worth $109,163,000 after acquiring an additional 741,671 shares during the last quarter. Institutional investors and hedge funds own 95.18% of the company’s stock.

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.

Analyst Recommendations for Antero Resources (NYSE:AR)

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