Antero Resources Corporation (AR) Given a $24.00 Price Target at BMO Capital Markets
Antero Resources Corporation (NYSE:AR) received a $24.00 price objective from research analysts at BMO Capital Markets in a research note issued on Thursday. The firm presently has a “buy” rating on the oil and natural gas company’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 29.80% from the company’s previous close.
A number of other analysts have also recently issued reports on AR. Evercore ISI cut Antero Resources Corporation to an “outperform” rating in a report on Wednesday, April 19th. Zacks Investment Research cut Antero Resources Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Scotiabank set a $31.00 target price on Antero Resources Corporation and gave the stock a “buy” rating in a report on Monday, May 8th. ValuEngine cut Antero Resources Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Finally, BidaskClub upgraded Antero Resources Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $29.13.
Shares of Antero Resources Corporation (NYSE:AR) traded down 0.32% during mid-day trading on Thursday, hitting $18.49. 2,720,507 shares of the stock traded hands. The stock has a 50 day moving average price of $20.76 and a 200-day moving average price of $22.28. Antero Resources Corporation has a one year low of $18.23 and a one year high of $28.30. The company has a market cap of $5.83 billion, a P/E ratio of 430.00 and a beta of 0.95.
Antero Resources Corporation (NYSE:AR) last issued its earnings results on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.01. Antero Resources Corporation had a return on equity of 1.44% and a net margin of 0.48%. The firm had revenue of $736 million for the quarter, compared to analysts’ expectations of $778.55 million. During the same quarter in the previous year, the firm posted $0.14 EPS. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, analysts forecast that Antero Resources Corporation will post $0.35 earnings per share for the current fiscal year.
In other Antero Resources Corporation news, insider Ward D. Mcneilly sold 24,000 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $22.05, for a total value of $529,200.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider K. Phil Yoo sold 3,785 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $20.55, for a total value of $77,781.75. The disclosure for this sale can be found here. Corporate insiders own 10.80% of the company’s stock.
Several institutional investors have recently made changes to their positions in AR. Daiwa Securities Group Inc. raised its stake in Antero Resources Corporation by 29.4% in the first quarter. Daiwa Securities Group Inc. now owns 4,400 shares of the oil and natural gas company’s stock valued at $100,000 after buying an additional 1,000 shares in the last quarter. First Quadrant L P CA purchased a new stake in Antero Resources Corporation during the first quarter valued at about $141,000. Advisors Capital Management LLC purchased a new stake in Antero Resources Corporation during the first quarter valued at about $156,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in Antero Resources Corporation by 268.2% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,100 shares of the oil and natural gas company’s stock valued at $185,000 after buying an additional 5,900 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in Antero Resources Corporation during the first quarter valued at about $204,000. 91.59% of the stock is currently owned by institutional investors.
Antero Resources Corporation 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 processing; water handling and treatment, and marketing of excess firm transportation capacity.
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