Antero Resources Corp (AR) Posts Quarterly Results
Antero Resources Corp (NYSE:AR) issued its quarterly earnings data on Thursday. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.12, Analyst Ratings News reports.
Shares of Antero Resources Corp (NYSE:AR) opened at 62.00 on Thursday. Antero Resources Corp has a 1-year low of $51.56 and a 1-year high of $68.43. The stock’s 50-day moving average is $63.42 and its 200-day moving average is $59.78. The company’s market cap is $16.247 billion.
A number of research firms have recently commented on AR. Analysts at SunTrust raised their price target on shares of Antero Resources Corp from $68.00 to $74.00 in a research note on Monday, May 19th. They now have a “buy” rating on the stock. On the ratings front, analysts at Credit Suisse reiterated an “outperform” rating on shares of Antero Resources Corp in a research note on Friday, May 16th. They now have a $75.00 price target on the stock, up previously from $71.00. Finally, analysts at KLR Group raised their price target on shares of Antero Resources Corp to $58.00 in a research note on Monday, May 12th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $68.68.
In other Antero Resources Corp news, Director Pincus Private Equity Warburg sold 12,000,000 shares of the stock on the open market in a transaction dated Monday, May 19th. The stock was sold at an average price of $62.00, for a total value of $744,000,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Antero Resources Corporation is an independent oil and natural gas company engaged in the exploitation, development and acquisition of natural gas, NGLs and oil properties located in the Appalachian Basin in West Virginia, Ohio and Pennsylvania.
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