Antero Resources Corporation (NYSE:AR) had its price objective decreased by stock analysts at Barclays PLC from $25.00 to $23.00 in a research note issued on Tuesday. The brokerage currently has an “overweight” rating on the oil and natural gas company’s stock. Barclays PLC’s price target indicates a potential upside of 21.12% from the stock’s previous close.

A number of other research analysts have also recently commented on the company. Zacks Investment Research cut Antero Resources Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. ValuEngine cut Antero Resources Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Scotiabank reiterated a “buy” rating and set a $27.00 price objective on shares of Antero Resources Corporation in a research note on Thursday, August 3rd. Wolfe Research cut Antero Resources Corporation from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 15th. Finally, BidaskClub upgraded Antero Resources Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $29.88.

Shares of Antero Resources Corporation (NYSE:AR) traded down 2.72% during mid-day trading on Tuesday, reaching $18.99. The company had a trading volume of 2,699,604 shares. The stock has a 50 day moving average price of $21.31 and a 200 day moving average price of $22.59. The firm has a market capitalization of $5.98 billion, a PE ratio of 441.63 and a beta of 0.95. Antero Resources Corporation has a 12-month low of $18.85 and a 12-month high of $28.30.

Antero Resources Corporation (NYSE:AR) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.01. The business had revenue of $736 million during the quarter, compared to the consensus estimate of $778.55 million. Antero Resources Corporation had a return on equity of 1.44% and a net margin of 0.48%. Antero Resources Corporation’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 earnings per share. On average, equities analysts forecast that Antero Resources Corporation will post $0.41 earnings per share for the current year.

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In other Antero Resources Corporation news, insider Ward D. Mcneilly sold 24,000 shares of the stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $22.05, for a total transaction of $529,200.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Paul M. Rady bought 500,000 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were bought at an average cost of $21.11 per share, for a total transaction of $10,555,000.00. The disclosure for this purchase can be found here. 10.80% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in AR. Dimensional Fund Advisors LP raised its stake in shares of Antero Resources Corporation by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 906,453 shares of the oil and natural gas company’s stock valued at $21,440,000 after buying an additional 46,056 shares in the last quarter. Guggenheim Capital LLC raised its stake in shares of Antero Resources Corporation by 31.7% in the fourth quarter. Guggenheim Capital LLC now owns 50,677 shares of the oil and natural gas company’s stock valued at $1,198,000 after buying an additional 12,187 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Antero Resources Corporation by 3.0% in the fourth quarter. Teachers Advisors LLC now owns 247,090 shares of the oil and natural gas company’s stock valued at $5,844,000 after buying an additional 7,283 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of Antero Resources Corporation by 22,753.0% in the fourth quarter. Macquarie Group Ltd. now owns 365,648 shares of the oil and natural gas company’s stock valued at $8,648,000 after buying an additional 364,048 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its stake in shares of Antero Resources Corporation by 2.4% in the first quarter. Gulf International Bank UK Ltd now owns 51,914 shares of the oil and natural gas company’s stock valued at $1,184,000 after buying an additional 1,200 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Antero Resources Corporation (NYSE:AR)

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