Antero Resources (NYSE:AR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The brokerage presently has a $22.00 price target on the oil and natural gas company’s stock. Zacks Investment Research‘s price target points to a potential upside of 11.22% from the stock’s current price.

According to Zacks, “Antero Resources Corporation is an independent oil and natural gas company. It is primarily engaged in the exploitation, development and acquisition of unconventional oil and liquids-rich natural gas properties primarily located in the Appalachian Basin in West Virginia, Ohio and Pennsylvania. Antero Resources Corporation is headquartered in Denver, Colorado. “

AR has been the subject of several other research reports. Morgan Stanley lowered their price objective on shares of Antero Resources from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 18th. Barclays lowered shares of Antero Resources from an “overweight” rating to an “equal weight” rating and set a $21.00 price objective for the company. in a research note on Monday, November 20th. Robert W. Baird set a $38.00 price objective on shares of Antero Resources and gave the company a “buy” rating in a research note on Thursday, October 12th. BMO Capital Markets set a $24.00 price objective on shares of Antero Resources and gave the company a “buy” rating in a research note on Tuesday, October 24th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $22.00 price objective on shares of Antero Resources in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $26.26.

Antero Resources (NYSE:AR) traded up $0.78 during trading hours on Wednesday, hitting $19.78. 2,398,700 shares of the stock traded hands, compared to its average volume of 2,345,650. The company has a market cap of $6,240.00, a price-to-earnings ratio of -17.35, a P/E/G ratio of 2.02 and a beta of 0.94. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.54. Antero Resources has a 12 month low of $17.59 and a 12 month high of $26.60.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, November 1st. The oil and natural gas company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The company 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 quarter in the prior year, the firm earned $0.18 EPS. equities research analysts anticipate that Antero Resources will post -0.14 EPS for the current fiscal year.

In related news, insider K. Phil Yoo sold 10,865 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $19.25, for a total value of $209,151.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kevin J. Kilstrom sold 82,760 shares of the business’s stock in a transaction dated 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. 9.20% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the stock. Royal Bank of Canada lifted its holdings in Antero Resources by 5.1% during the second quarter. Royal Bank of Canada now owns 11,731 shares of the oil and natural gas company’s stock valued at $254,000 after purchasing an additional 566 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Antero Resources by 8.1% during the second quarter. The Manufacturers Life Insurance Company now owns 11,442 shares of the oil and natural gas company’s stock valued at $247,000 after purchasing an additional 855 shares during the last quarter. Kingfisher Capital LLC lifted its holdings in Antero Resources by 2.3% during the second quarter. Kingfisher Capital LLC now owns 45,361 shares of the oil and natural gas company’s stock valued at $980,000 after purchasing an additional 1,034 shares during the last quarter. Stephens Inc. AR lifted its holdings in Antero Resources by 6.5% during the second quarter. Stephens Inc. AR now owns 17,043 shares of the oil and natural gas company’s stock valued at $368,000 after purchasing an additional 1,040 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its holdings in Antero Resources by 3.1% during the second quarter. Dynamic Technology Lab Private Ltd now owns 46,145 shares of the oil and natural gas company’s stock valued at $997,000 after purchasing an additional 1,368 shares during the last quarter. 96.99% of the stock is currently owned by institutional investors.

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Antero Resources 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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