MKM Partners Begins Coverage on Antero Resources (AR)

MKM Partners initiated coverage on shares of Antero Resources (NYSE:AR) in a report released on Wednesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $17.00 price objective on the oil and natural gas company’s stock.

AR has been the topic of several other reports. Scotiabank reiterated a hold rating and issued a $26.00 price objective on shares of Antero Resources in a research report on Monday, October 1st. Zacks Investment Research downgraded shares of Antero Resources from a hold rating to a sell rating in a research note on Wednesday, September 19th. Credit Suisse Group cut their target price on shares of Antero Resources from $24.00 to $21.00 and set a neutral rating for the company in a research note on Thursday, November 1st. BMO Capital Markets set a $15.00 target price on shares of Antero Resources and gave the company a hold rating in a research note on Monday, November 12th. Finally, ValuEngine downgraded shares of Antero Resources from a sell rating to a strong sell rating in a research note on Thursday, November 15th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. Antero Resources currently has a consensus rating of Hold and a consensus target price of $22.53.

Antero Resources stock opened at $12.75 on Wednesday. Antero Resources has a 52 week low of $12.11 and a 52 week high of $22.69. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market capitalization of $4.05 billion, a P/E ratio of 106.25, a price-to-earnings-growth ratio of 0.77 and a beta of 0.75.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, October 31st. The oil and natural gas company reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. Antero Resources had a net margin of 5.12% and a return on equity of 2.80%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the firm earned $0.01 EPS. The business’s revenue for the quarter was up 38.6% compared to the same quarter last year. Analysts forecast that Antero Resources will post 0.83 EPS for the current fiscal year.

In other news, Director Robert J. Clark sold 20,429 shares of the company’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $12.80, for a total transaction of $261,491.20. Following the completion of the transaction, the director now owns 26,924 shares of the company’s stock, valued at approximately $344,627.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard W. Connor sold 6,907 shares of the company’s stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $16.49, for a total transaction of $113,896.43. Following the transaction, the director now directly owns 26,059 shares of the company’s stock, valued at approximately $429,712.91. The disclosure for this sale can be found here. Insiders sold a total of 28,336 shares of company stock valued at $388,888 in the last three months. 9.40% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. increased its stake in shares of Antero Resources by 114.5% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 8,900 shares of the oil and natural gas company’s stock valued at $158,000 after acquiring an additional 4,750 shares during the last quarter. Sheaff Brock Investment Advisors LLC acquired a new position in shares of Antero Resources during the 3rd quarter valued at about $177,000. Standard Life Aberdeen plc acquired a new position in shares of Antero Resources during the 2nd quarter valued at about $254,000. Eqis Capital Management Inc. acquired a new position in shares of Antero Resources during the 2nd quarter valued at about $257,000. Finally, grace capital acquired a new position in shares of Antero Resources during the 2nd quarter valued at about $278,000. 95.94% of the stock is owned by institutional investors.

About Antero Resources

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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