Antero Resources (NYSE:AR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The firm presently has a $22.00 target price on the oil and natural gas company’s stock. Zacks Investment Research‘s target price indicates a potential upside of 10.72% from the company’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 reports. Barclays restated a “hold” rating and set a $22.00 target price on shares of Antero Resources in a report on Sunday, December 24th. Robert W. Baird dropped their target price on shares of Antero Resources from $39.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, December 18th. Morgan Stanley restated an “equal weight” rating on shares of Antero Resources in a report on Thursday, December 14th. Credit Suisse Group started coverage on shares of Antero Resources in a report on Monday, December 11th. They set a “neutral” rating and a $21.00 target price for the company. Finally, SunTrust Banks restated a “hold” rating and set a $23.00 target price on shares of Antero Resources in a report on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $25.24.

Shares of Antero Resources (NYSE:AR) traded up $0.29 on Tuesday, hitting $19.87. 2,456,100 shares of the stock were exchanged, compared to its average volume of 2,373,500. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $6,270.00, a P/E ratio of -17.43, a PEG ratio of 2.11 and a beta of 0.94. Antero Resources has a 1-year low of $17.59 and a 1-year high of $26.60.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, November 1st. 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). The company had revenue of $775.30 million during the quarter, compared to analysts’ expectations 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 business earned $0.18 EPS. equities analysts forecast that Antero Resources will post -0.14 EPS for the current fiscal year.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in AR. Janus Henderson Group PLC boosted its position in shares of Antero Resources by 15,715.7% in 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 acquiring an additional 2,897,820 shares during the last quarter. Baupost Group LLC MA boosted its position in shares of Antero Resources by 12.9% in the third quarter. Baupost Group LLC MA now owns 23,912,257 shares of the oil and natural gas company’s stock worth $475,854,000 after acquiring an additional 2,741,261 shares during the last quarter. BlackRock Inc. lifted its position in Antero Resources by 18.7% during the second quarter. BlackRock Inc. now owns 10,146,431 shares of the oil and natural gas company’s stock valued at $219,264,000 after buying an additional 1,595,558 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Antero Resources by 60.6% during the third quarter. Dimensional Fund Advisors LP now owns 3,325,460 shares of the oil and natural gas company’s stock valued at $66,176,000 after buying an additional 1,254,460 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Antero Resources by 6.5% during the second quarter. Vanguard Group Inc. now owns 17,760,019 shares of the oil and natural gas company’s stock valued at $383,794,000 after buying an additional 1,091,065 shares in the last quarter. 96.99% of the stock is currently owned by institutional investors and hedge funds.

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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.

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