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FBR Capital Markets started coverage on shares of Antero Resources Corp (NYSE:AR) in a research note issued on Wednesday. The firm set a “market perform” rating on the stock.

Shares of Antero Resources Corp (NYSE:AR) traded up 0.12% on Wednesday, hitting $60.40. 978,779 shares of the company’s stock traded hands. Antero Resources Corp has a 52 week low of $51.56 and a 52 week high of $68.43. The stock’s 50-day moving average is $63.16 and its 200-day moving average is $61.55. The company’s market cap is $15.828 billion.

Antero Resources Corp (NYSE:AR) last released its earnings data on Thursday, May 29th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.12. Analysts expect that Antero Resources Corp will post $1.71 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity initiated coverage on shares of Antero Resources Corp in a research note on Wednesday. They set a “buy” rating on the stock. Separately, analysts at Stephens initiated coverage on shares of Antero Resources Corp in a research note on Friday, June 27th. They set an “overweight” rating and a $77.00 price target on the stock. Finally, 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. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $69.28.

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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