Antero Resources (NYSE:AR)‘s stock had its “hold” rating reaffirmed by SunTrust Banks in a research note issued on Friday, MarketBeat reports. They currently have a $23.00 price target on the oil and natural gas company’s stock. SunTrust Banks’ price objective would indicate a potential upside of 26.17% from the company’s previous close.

A number of other brokerages have also recently commented on AR. BMO Capital Markets reiterated a “buy” rating on shares of Antero Resources in a research note on Friday, September 22nd. Cowen reiterated a “hold” rating and issued a $25.00 price target on shares of Antero Resources in a research note on Tuesday, September 12th. Scotiabank set a $26.00 price target on shares of Antero Resources and gave the company a “buy” rating in a research note on Tuesday, August 22nd. Boenning Scattergood cut shares of Antero Resources from an “outperform” rating to a “sector perform” rating and set a $26.00 target price for the company. in a research note on Saturday, September 23rd. Finally, Robert W. Baird set a $38.00 target price on shares of Antero Resources and gave the stock a “buy” rating in a research note on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Antero Resources has a consensus rating of “Hold” and an average price target of $27.50.

Shares of Antero Resources (NYSE AR) traded up $0.03 during mid-day trading on Friday, hitting $18.23. 3,286,600 shares of the stock traded hands, compared to its average volume of 3,354,856. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.85 and a quick ratio of 0.85. Antero Resources has a 52 week low of $17.89 and a 52 week high of $27.23. The company has a market capitalization of $5,740.00, a P/E ratio of 95.68 and a beta of 0.94.

Antero Resources (NYSE:AR) last released its earnings results on Wednesday, November 1st. The oil and natural gas company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The business had revenue of $775.30 million during the quarter, compared to the consensus estimate of $798.88 million. Antero Resources had a negative net margin of 12.82% and a positive return on equity of 0.78%. During the same period last year, the business posted $0.18 EPS. sell-side analysts predict that Antero Resources will post -0.09 earnings per share for the current fiscal year.

In related news, insider K. Phil Yoo sold 10,865 shares of Antero Resources stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $19.25, for a total transaction of $209,151.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Kevin J. Kilstrom sold 82,760 shares of Antero Resources stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $19.99, for a total transaction of $1,654,372.40. The disclosure for this sale can be found here. Insiders own 9.20% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. GSA Capital Partners LLP acquired a new position in shares of Antero Resources in the 3rd quarter worth approximately $664,000. Tortoise Capital Advisors L.L.C. lifted its position in shares of Antero Resources by 7.1% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 436,950 shares of the oil and natural gas company’s stock worth $8,695,000 after purchasing an additional 29,013 shares during the period. Salem Investment Counselors Inc. lifted its position in shares of Antero Resources by 50.0% during the 3rd quarter. Salem Investment Counselors Inc. now owns 14,136 shares of the oil and natural gas company’s stock valued at $287,000 after acquiring an additional 4,712 shares during the period. Yellowstone Partners LLC acquired a new position in shares of Antero Resources during the 3rd quarter valued at $4,979,000. Finally, Neuberger Berman Group LLC lifted its position in shares of Antero Resources by 40.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,535,813 shares of the oil and natural gas company’s stock valued at $30,562,000 after acquiring an additional 442,397 shares during the period. Institutional investors and hedge funds own 97.02% of the company’s stock.

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About Antero Resources

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 (NYSE:AR)

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