Antero Resources (AR) Upgraded 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 released on Tuesday. Zacks Investment Research currently has $22.00 price target 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. “

A number of other equities research analysts have also weighed in on the stock. Barclays reiterated a hold rating and set a $22.00 price objective on shares of Antero Resources in a report on Sunday, December 24th. Robert W. Baird decreased their price objective on shares of Antero Resources from $39.00 to $22.00 and set an outperform rating for the company in a report on Monday, December 18th. Morgan Stanley reiterated an equal weight rating on shares of Antero Resources in a report on Thursday, December 14th. Credit Suisse Group began coverage on shares of Antero Resources in a report on Monday, December 11th. They set a neutral rating and a $21.00 price objective for the company. Finally, SunTrust Banks reiterated a hold rating and set a $23.00 price objective on shares of Antero Resources in a report on Friday, December 8th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the company’s stock. Antero Resources currently has an average rating of Hold and an average price target of $25.61.

Shares of Antero Resources (NYSE AR) traded up $0.29 on Tuesday, reaching $19.87. 2,397,005 shares of the company were exchanged, compared to its average volume of 2,373,500. Antero Resources has a one year low of $17.59 and a one year high of $26.60. The company has a market cap of $6,270.00, a price-to-earnings ratio of -17.43, a price-to-earnings-growth ratio of 2.07 and a beta of 0.94. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.54.

Antero Resources (NYSE:AR) last announced its quarterly earnings data on Wednesday, November 1st. The oil and natural gas company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates 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 company 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 earned $0.18 EPS. equities analysts predict that Antero Resources will post -0.14 EPS for the current year.

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

Several institutional investors have recently modified their holdings of AR. Janus Henderson Group PLC grew its position in shares of Antero Resources by 15,715.7% in the 2nd quarter. Janus Henderson Group PLC now owns 2,916,259 shares of the oil and natural gas company’s stock worth $63,020,000 after buying an additional 2,897,820 shares during the last quarter. Baupost Group LLC MA grew its position in shares of Antero Resources by 12.9% in 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 buying an additional 2,741,261 shares during the last quarter. BlackRock Inc. grew its position in shares of Antero Resources by 18.7% in 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 buying an additional 1,595,558 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of 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 worth $66,176,000 after buying an additional 1,254,460 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Antero Resources by 6.5% in 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 buying an additional 1,091,065 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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