Antero Resources (NYSE:AR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

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. “

Several other brokerages have also issued reports on AR. Stifel Nicolaus set a $21.00 target price on Antero Resources and gave the company a “hold” rating in a research note on Thursday, October 5th. Jefferies Group assumed coverage on Antero Resources in a research note on Monday, October 9th. They issued a “hold” rating and a $21.00 target price on the stock. BMO Capital Markets restated a “buy” rating on shares of Antero Resources in a research note on Friday, September 22nd. Howard Weil lowered Antero Resources from an “outperform” rating to a “sector perform” rating and set a $26.00 target price on the stock. in a research note on Thursday, September 21st. Finally, Robert W. Baird set a $38.00 target price on Antero Resources and gave the company a “buy” rating in a research note on Thursday, October 12th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $25.59.

Shares of Antero Resources (AR) remained flat at $$19.78 on Wednesday. 3,070,000 shares of the company’s stock traded hands, compared to its average volume of 3,040,000. The stock has a market capitalization of $6,240.00, a P/E ratio of -17.35, a price-to-earnings-growth ratio of 2.11 and a beta of 0.94. 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 12-month low of $17.59 and a 12-month high of $26.60.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, November 1st. The oil and natural gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). The firm 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 previous year, the firm earned $0.18 earnings per share. equities analysts forecast that Antero Resources will post -0.14 earnings per share for the current fiscal year.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. grew its position in Antero Resources by 23.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 581,400 shares of the oil and natural gas company’s stock worth $12,565,000 after buying an additional 110,834 shares in the last quarter. Comerica Bank grew its position in Antero Resources by 11.9% during the second quarter. Comerica Bank now owns 18,164 shares of the oil and natural gas company’s stock worth $378,000 after buying an additional 1,927 shares in the last quarter. Principal Financial Group Inc. grew its position in Antero Resources by 38.5% during the second quarter. Principal Financial Group Inc. now owns 39,044 shares of the oil and natural gas company’s stock worth $844,000 after buying an additional 10,855 shares in the last quarter. Alliancebernstein L.P. grew its position in Antero Resources by 34.4% during the second quarter. Alliancebernstein L.P. now owns 137,439 shares of the oil and natural gas company’s stock worth $2,970,000 after buying an additional 35,154 shares in the last quarter. Finally, Stephens Inc. AR grew its position 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 worth $368,000 after buying an additional 1,040 shares in the last quarter. Institutional investors own 96.99% of the company’s stock.

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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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