MKM Partners began coverage on shares of Antero Resources (NYSE:AR) in a research note released on Wednesday, Marketbeat.com reports. The firm issued a buy rating and a $17.00 target price on the oil and natural gas company’s stock.
Other equities analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Antero Resources from a hold rating to a buy rating and set a $19.00 price target for the company in a report on Monday, November 12th. BMO Capital Markets set a $15.00 target price on Antero Resources and gave the company a hold rating in a research note on Monday, November 12th. Scotiabank reiterated a hold rating and set a $26.00 target price on shares of Antero Resources in a research note on Monday, October 1st. Citigroup reduced their target price on Antero Resources from $22.00 to $20.00 and set a neutral rating for the company in a research note on Monday, August 13th. Finally, Credit Suisse Group reduced their target price on Antero Resources from $24.00 to $21.00 and set a neutral rating for the company in a research note on Thursday, November 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. Antero Resources currently has an average rating of Hold and a consensus target price of $22.53.
NYSE AR opened at $12.75 on Wednesday. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 106.25, a P/E/G ratio of 0.77 and a beta of 0.75. Antero Resources has a fifty-two week low of $12.11 and a fifty-two week high of $22.69. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.11 and a quick ratio of 1.11.
Antero Resources (NYSE:AR) last released its quarterly earnings results on Wednesday, October 31st. The oil and natural gas company reported $0.23 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.23. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Antero Resources had a return on equity of 2.80% and a net margin of 5.12%. Antero Resources’s quarterly revenue was up 38.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.01 EPS. As a group, sell-side analysts forecast that Antero Resources will post 0.83 earnings per share for the current fiscal year.
In related news, Director Richard W. Connor sold 6,907 shares of the company’s stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $16.49, for a total transaction of $113,896.43. Following the sale, the director now directly owns 26,059 shares of the company’s stock, valued at approximately $429,712.91. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert J. Clark sold 20,429 shares of the company’s stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $12.80, for a total value of $261,491.20. Following the sale, the director now directly owns 26,924 shares in the company, valued at $344,627.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,336 shares of company stock valued at $388,888. Company insiders own 9.40% of the company’s stock.
Several hedge funds have recently bought and sold shares of AR. BlackRock Inc. raised its position in shares of Antero Resources by 10.1% during the 2nd quarter. BlackRock Inc. now owns 13,679,453 shares of the oil and natural gas company’s stock valued at $292,057,000 after acquiring an additional 1,256,488 shares in the last quarter. Pennant Investors LP acquired a new stake in shares of Antero Resources during the 3rd quarter valued at approximately $17,710,000. Dimensional Fund Advisors LP raised its position in shares of Antero Resources by 12.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,168,222 shares of the oil and natural gas company’s stock valued at $131,691,000 after acquiring an additional 668,836 shares in the last quarter. United Services Automobile Association raised its position in shares of Antero Resources by 125.6% during the 2nd quarter. United Services Automobile Association now owns 1,169,417 shares of the oil and natural gas company’s stock valued at $53,934,000 after acquiring an additional 651,000 shares in the last quarter. Finally, Poplar Forest Capital LLC raised its position in shares of Antero Resources by 31.9% during the 3rd quarter. Poplar Forest Capital LLC now owns 1,967,016 shares of the oil and natural gas company’s stock valued at $34,836,000 after acquiring an additional 475,948 shares in the last quarter. 95.94% of the stock is currently owned by institutional investors and hedge funds.
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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