Shares of Antero Resources Corp (NYSE:AR) dropped 8.5% on Thursday . The company traded as low as $3.51 and last traded at $3.54, approximately 8,472,464 shares traded hands during mid-day trading. An increase of 6% from the average daily volume of 8,027,294 shares. The stock had previously closed at $3.87.
AR has been the subject of a number of research analyst reports. TD Securities dropped their price target on Antero Resources from $9.00 to $7.50 and set a “buy” rating for the company in a research report on Friday, August 2nd. Canaccord Genuity restated an “average” rating and issued a $3.50 price target on shares of Antero Resources in a research report on Wednesday, June 26th. Macquarie upgraded Antero Resources from an “underperform” rating to a “neutral” rating in a research report on Friday, August 2nd. They noted that the move was a valuation call. Guggenheim set a $10.00 price target on Antero Resources and gave the company a “buy” rating in a research report on Wednesday, August 21st. Finally, Zacks Investment Research upgraded Antero Resources from a “hold” rating to a “buy” rating and set a $5.50 price target for the company in a research report on Friday, July 12th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $11.48.
The business has a fifty day moving average price of $3.73 and a 200 day moving average price of $6.37. The company has a market capitalization of $1.11 billion, a PE ratio of 4.60 and a beta of 0.79. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.58 and a current ratio of 0.58.
Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, July 31st. The oil and natural gas company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.08). The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Antero Resources had a positive return on equity of 2.99% and a negative net margin of 4.91%. The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the business earned $0.02 earnings per share. Research analysts forecast that Antero Resources Corp will post -0.31 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. Comerica Bank purchased a new position in shares of Antero Resources in the 1st quarter worth about $87,000. State Treasurer State of Michigan purchased a new position in shares of Antero Resources in the 1st quarter worth about $2,969,000. JPMorgan Chase & Co. raised its holdings in shares of Antero Resources by 46.0% in the 1st quarter. JPMorgan Chase & Co. now owns 3,198,782 shares of the oil and natural gas company’s stock worth $28,246,000 after purchasing an additional 1,007,490 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Antero Resources in the 1st quarter worth about $9,374,000. Finally, Twin Tree Management LP purchased a new stake in shares of Antero Resources during the 1st quarter valued at about $120,000. Institutional investors own 95.06% of the company’s stock.
About Antero Resources (NYSE:AR)
Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.
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