Antero Resources (NYSE:AR)‘s stock had its “equal weight” rating restated by equities researchers at Morgan Stanley in a research note issued on Thursday.
Other analysts have also issued research reports about the stock. Royal Bank of Canada reaffirmed a “hold” rating on shares of Antero Resources in a report on Monday, October 23rd. Credit Suisse Group began coverage on shares of Antero Resources in a report on Monday. They set a “neutral” rating and a $21.00 price objective for the company. BMO Capital Markets reaffirmed a “buy” rating on shares of Antero Resources in a report on Friday, September 22nd. SunTrust Banks reaffirmed a “hold” rating and set a $23.00 price objective on shares of Antero Resources in a report on Friday, December 8th. Finally, Boenning Scattergood lowered shares of Antero Resources from an “outperform” rating to a “sector perform” rating and set a $26.00 price objective for the company. in a report on Saturday, September 23rd. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $27.16.
Shares of Antero Resources (NYSE:AR) traded down $0.27 on Thursday, reaching $18.28. 2,725,800 shares of the company’s stock were exchanged, compared to its average volume of 3,360,435. The company has a market capitalization of $5,730.00, a PE ratio of 97.63 and a beta of 0.94. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54. Antero Resources has a 1 year low of $17.89 and a 1 year high of $26.60.
Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, November 1st. The oil and natural gas company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The business had revenue of $775.30 million for the quarter, compared to the consensus estimate of $798.88 million. Antero Resources had a positive return on equity of 0.78% and a negative net margin of 12.82%. During the same quarter in the prior year, the business earned $0.18 EPS. analysts expect that Antero Resources will post -0.12 earnings per share for the current fiscal year.
In related news, insider K. Phil Yoo sold 10,865 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $19.25, for a total value of $209,151.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kevin J. Kilstrom sold 82,760 shares of the business’s stock in a transaction on Friday, November 10th. The shares were 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. Company insiders own 9.20% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Toronto Dominion Bank increased its stake in Antero Resources by 244.3% in the 3rd quarter. Toronto Dominion Bank now owns 9,326 shares of the oil and natural gas company’s stock valued at $186,000 after buying an additional 6,617 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Antero Resources in the 2nd quarter valued at $215,000. Linscomb & Williams Inc. acquired a new stake in Antero Resources in the 2nd quarter valued at $220,000. PNC Financial Services Group Inc. increased its stake in Antero Resources by 22.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 10,353 shares of the oil and natural gas company’s stock valued at $223,000 after buying an additional 1,891 shares during the last quarter. Finally, Balasa Dinverno & Foltz LLC acquired a new stake in Antero Resources in the 3rd quarter valued at $211,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.
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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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