Antero Resources Corporation (NYSE:AR)‘s stock had its “buy” rating reiterated by equities researchers at Robert W. Baird in a report issued on Sunday. They currently have a $38.00 target price on the oil and natural gas company’s stock. Robert W. Baird’s price target would indicate a potential upside of 97.51% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets reiterated a “buy” rating and issued a $26.00 price objective on shares of Antero Resources Corporation in a report on Thursday, June 22nd. Citigroup Inc. decreased their price objective on shares of Antero Resources Corporation from $34.00 to $27.00 and set a “buy” rating for the company in a report on Friday, July 21st. Zacks Investment Research upgraded shares of Antero Resources Corporation from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Friday, July 21st. Scotiabank set a $27.00 price objective on shares of Antero Resources Corporation and gave the stock a “buy” rating in a report on Saturday, July 1st. Finally, KeyCorp reiterated a “buy” rating and issued a $33.00 price objective on shares of Antero Resources Corporation in a report on Sunday, September 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Antero Resources Corporation presently has an average rating of “Buy” and an average target price of $29.82.

Shares of Antero Resources Corporation (NYSE AR) traded down 2.38% on Friday, reaching $19.24. The company had a trading volume of 3,299,516 shares. The stock has a market capitalization of $6.07 billion, a PE ratio of 447.44 and a beta of 0.95. Antero Resources Corporation has a 52-week low of $18.23 and a 52-week high of $28.30. The company has a 50 day moving average price of $19.63 and a 200 day moving average price of $21.47.

Antero Resources Corporation (NYSE:AR) last posted its quarterly earnings results 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. Antero Resources Corporation had a return on equity of 1.44% and a net margin of 0.48%. The company had revenue of $736 million during the quarter, compared to analyst estimates of $778.55 million. During the same period last year, the company posted $0.14 earnings per share. The company’s revenue was up 1.1% compared to the same quarter last year. On average, equities research analysts anticipate that Antero Resources Corporation will post $0.30 earnings per share for the current year.

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In related news, insider Ward D. Mcneilly sold 24,000 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $22.05, for a total value of $529,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider K. Phil Yoo sold 3,785 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $20.55, for a total transaction of $77,781.75. The disclosure for this sale can be found here. 10.80% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. lifted its stake in shares of Antero Resources Corporation by 0.8% in the first quarter. Nomura Asset Management Co. Ltd. now owns 22,990 shares of the oil and natural gas company’s stock valued at $524,000 after buying an additional 190 shares during the period. TD Asset Management Inc. lifted its stake in shares of Antero Resources Corporation by 4.4% in the first quarter. TD Asset Management Inc. now owns 9,411 shares of the oil and natural gas company’s stock valued at $215,000 after buying an additional 400 shares during the period. Allen Investment Management LLC lifted its stake in shares of Antero Resources Corporation by 2.4% in the first quarter. Allen Investment Management LLC now owns 18,275 shares of the oil and natural gas company’s stock valued at $417,000 after buying an additional 422 shares during the period. TCW Group Inc. raised its position in Antero Resources Corporation by 1.9% in the first quarter. TCW Group Inc. now owns 23,368 shares of the oil and natural gas company’s stock worth $533,000 after purchasing an additional 445 shares in the last quarter. Finally, Texan Capital Management raised its position in Antero Resources Corporation by 2.0% in the second quarter. Texan Capital Management now owns 26,845 shares of the oil and natural gas company’s stock worth $580,000 after purchasing an additional 535 shares in the last quarter. Institutional investors and hedge funds own 93.61% of the company’s stock.

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.

Analyst Recommendations for Antero Resources Corporation (NYSE:AR)

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