Robert W. Baird Analysts Give Antero Resources Corporation (AR) a $38.00 Price Target
Antero Resources Corporation (NYSE:AR) has been given a $38.00 price objective by stock analysts at Robert W. Baird in a research report issued on Thursday. The brokerage presently has a “buy” rating on the oil and natural gas company’s stock. Robert W. Baird’s price objective points to a potential upside of 85.91% from the company’s previous close.
Other research analysts have also issued reports about the company. BMO Capital Markets restated a “buy” rating and issued a $26.00 target price on shares of Antero Resources Corporation in a research note on Thursday, June 22nd. Zacks Investment Research upgraded Antero Resources Corporation from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Tuesday, July 11th. Scotiabank set a $27.00 target price on Antero Resources Corporation and gave the company a “buy” rating in a research note on Saturday, July 1st. Citigroup Inc. cut their target price on Antero Resources Corporation from $34.00 to $27.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Finally, KeyCorp restated a “buy” rating and issued a $33.00 target price on shares of Antero Resources Corporation in a research note on Sunday, September 3rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Antero Resources Corporation presently has an average rating of “Buy” and a consensus price target of $28.78.
Shares of Antero Resources Corporation (NYSE AR) traded up 1.14% during mid-day trading on Thursday, hitting $20.44. Antero Resources Corporation has a 12-month low of $18.23 and a 12-month high of $28.10. The firm’s 50-day moving average price is $20.06 and its 200 day moving average price is $20.85. The stock has a market cap of $6.45 billion, a price-to-earnings ratio of 475.35 and a beta of 0.96.
Antero Resources Corporation (NYSE:AR) last issued its earnings results on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The firm had revenue of $736.00 million during the quarter, compared to analyst estimates of $778.55 million. Antero Resources Corporation had a net margin of 0.48% and a return on equity of 1.44%. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 earnings per share. On average, equities analysts predict that Antero Resources Corporation will post $0.30 earnings per share for the current year.
WARNING: This report was first posted by American Banking News and is owned by of American Banking News. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international copyright and trademark law. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/10/12/robert-w-baird-analysts-give-antero-resources-corporation-ar-a-38-00-price-target.html.
In other news, insider K. Phil Yoo sold 3,785 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $20.55, for a total transaction of $77,781.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 9.20% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in AR. BlackRock Inc. grew its holdings in shares of Antero Resources Corporation by 2,440.4% during the first quarter. BlackRock Inc. now owns 8,550,873 shares of the oil and natural gas company’s stock worth $195,044,000 after purchasing an additional 8,214,276 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Antero Resources Corporation by 15,715.7% during the second quarter. Janus Henderson Group PLC now owns 2,916,259 shares of the oil and natural gas company’s stock worth $63,020,000 after purchasing an additional 2,897,820 shares during the last quarter. Sound Shore Management Inc. CT boosted its holdings in Antero Resources Corporation by 22.0% in the second quarter. Sound Shore Management Inc. CT now owns 9,406,400 shares of the oil and natural gas company’s stock valued at $203,272,000 after acquiring an additional 1,697,858 shares during the last quarter. State Street Corp boosted its holdings in Antero Resources Corporation by 21.4% in the first quarter. State Street Corp now owns 7,208,698 shares of the oil and natural gas company’s stock valued at $164,429,000 after acquiring an additional 1,271,005 shares during the last quarter. Finally, Caymus Capital Partners L.P. boosted its holdings in Antero Resources Corporation by 34.5% in the second quarter. Caymus Capital Partners L.P. now owns 4,369,500 shares of the oil and natural gas company’s stock valued at $94,425,000 after acquiring an additional 1,121,300 shares during the last quarter. Institutional investors own 93.59% 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.
Receive News & Ratings for Antero Resources Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antero Resources Corporation and related companies with MarketBeat.com's FREE daily email newsletter.