Jefferies Group Reaffirms Hold Rating for Antero Resources Corp. (AR)
Antero Resources Corp. (NYSE:AR)‘s stock had its “hold” rating reaffirmed by stock analysts at Jefferies Group in a research report issued on Wednesday. They presently have a $29.00 price target on the stock. Jefferies Group’s target price points to a potential upside of 5.69% from the company’s current price.
AR has been the topic of several other reports. Evercore ISI cut Antero Resources Corp. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 20th. Vetr raised Antero Resources Corp. from a “buy” rating to a “strong-buy” rating and set a $31.50 price target on the stock in a research note on Monday, July 18th. Barclays PLC reduced their price target on Antero Resources Corp. from $29.00 to $28.00 and set an “overweight” rating on the stock in a research note on Thursday, July 14th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Antero Resources Corp. in a research note on Monday, July 18th. Finally, Zacks Investment Research raised Antero Resources Corp. from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Tuesday, June 28th. Nine investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Antero Resources Corp. presently has an average rating of “Buy” and an average price target of $31.48.
Shares of Antero Resources Corp. (NYSE:AR) opened at 27.44 on Wednesday. The stock has a market cap of $8.43 billion, a price-to-earnings ratio of 84.69 and a beta of 1.09. Antero Resources Corp. has a one year low of $18.50 and a one year high of $30.66. The company has a 50-day moving average price of $26.86 and a 200 day moving average price of $27.01.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/19/jefferies-group-reaffirms-hold-rating-for-antero-resources-corp-ar.html
Antero Resources Corp. (NYSE:AR) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.03. The company had revenue of $376.70 million for the quarter, compared to analysts’ expectations of $676.46 million. Antero Resources Corp. had a return on equity of 1.19% and a net margin of 15.72%. During the same period in the prior year, the firm earned $0.06 earnings per share. Equities research analysts expect that Antero Resources Corp. will post $0.61 earnings per share for the current year.
In related news, insider Glen C. Warren, Jr. sold 1,000,000 shares of the stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $27.38, for a total transaction of $27,380,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ward D. Mcneilly sold 28,037 shares of the stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $27.35, for a total value of $766,811.95. The disclosure for this sale can be found here. 10.80% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. Aviva PLC boosted its stake in Antero Resources Corp. by 1.5% in the first quarter. Aviva PLC now owns 28,859 shares of the company’s stock valued at $718,000 after buying an additional 416 shares in the last quarter. Shell Asset Management Co. boosted its stake in Antero Resources Corp. by 18.7% in the second quarter. Shell Asset Management Co. now owns 4,946 shares of the company’s stock valued at $128,000 after buying an additional 779 shares in the last quarter. Fiera Capital Corp boosted its stake in Antero Resources Corp. by 1.1% in the second quarter. Fiera Capital Corp now owns 84,500 shares of the company’s stock valued at $2,195,000 after buying an additional 900 shares in the last quarter. Freestone Capital Holdings LLC boosted its stake in Antero Resources Corp. by 6.7% in the second quarter. Freestone Capital Holdings LLC now owns 14,469 shares of the company’s stock valued at $376,000 after buying an additional 911 shares in the last quarter. Finally, Blume Capital Management Inc. boosted its stake in Antero Resources Corp. by 0.7% in the second quarter. Blume Capital Management Inc. now owns 140,600 shares of the company’s stock valued at $3,653,000 after buying an additional 950 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.
Antero Resources Corp. 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 compression; water handling and treatment, and marketing of excess firm transportation capacity.
Receive News & Ratings for Antero Resources Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antero Resources Corp. and related companies with MarketBeat.com's FREE daily email newsletter.