ValuEngine Lowers Antero Resources Corporation (AR) to Sell
Antero Resources Corporation (NYSE:AR) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Friday, June 2nd.
Several other analysts have also issued reports on AR. Stifel Nicolaus began coverage on shares of Antero Resources Corporation in a research report on Thursday, March 23rd. They set a “hold” rating and a $26.00 price target on the stock. Evercore ISI lowered shares of Antero Resources Corporation to an “outperform” rating in a research report on Wednesday, April 19th. Credit Suisse Group reaffirmed a “buy” rating on shares of Antero Resources Corporation in a research report on Friday, March 31st. Scotiabank set a $35.00 price target on shares of Antero Resources Corporation and gave the stock a “buy” rating in a research report on Monday, March 20th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $28.00 price target on shares of Antero Resources Corporation in a research report on Wednesday, March 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Antero Resources Corporation presently has an average rating of “Buy” and an average target price of $32.55.
Shares of Antero Resources Corporation (NYSE AR) traded up 0.37% during mid-day trading on Friday, reaching $21.58. 3,432,130 shares of the company were exchanged. Antero Resources Corporation has a 12 month low of $19.51 and a 12 month high of $28.92. The company’s market capitalization is $6.81 billion. The firm’s 50-day moving average is $21.12 and its 200-day moving average is $23.51.
Antero Resources Corporation (NYSE:AR) last announced its quarterly earnings data on Monday, May 8th. The oil and natural gas company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.17. The business had revenue of $801.65 million during the quarter, compared to the consensus estimate of $762.70 million. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.17 EPS. On average, equities analysts forecast that Antero Resources Corporation will post $0.53 earnings per share for the current fiscal year.
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In other Antero Resources Corporation news, insider Paul M. Rady purchased 500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were acquired at an average cost of $21.11 per share, for a total transaction of $10,555,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 10.80% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG increased its position in Antero Resources Corporation by 87.6% in the third quarter. UBS Group AG now owns 183,303 shares of the oil and natural gas company’s stock valued at $4,941,000 after buying an additional 85,592 shares during the period. Adams Street Partners LLC purchased a new stake in Antero Resources Corporation during the third quarter valued at $514,000. Chapter IV Investors LLC boosted its stake in Antero Resources Corporation by 15.0% in the third quarter. Chapter IV Investors LLC now owns 765,000 shares of the oil and natural gas company’s stock valued at $20,617,000 after buying an additional 100,000 shares in the last quarter. United Services Automobile Association purchased a new stake in Antero Resources Corporation during the third quarter valued at $4,002,000. Finally, Allen Investment Management LLC purchased a new stake in Antero Resources Corporation during the third quarter valued at $583,000. Institutional investors and hedge funds own 91.80% of the company’s stock.
About Antero Resources Corporation
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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