Antero Resources (NYSE:AR) has been given a $22.00 target price by equities research analysts at Cowen in a research note issued on Thursday. The firm currently has a “hold” rating on the oil and natural gas company’s stock. Cowen’s price objective would indicate a potential upside of 17.40% from the stock’s previous close.
Several other equities analysts have also recently commented on the stock. Zacks Investment Research cut shares of Antero Resources from a “buy” rating to a “hold” rating in a research note on Wednesday. Robert W. Baird reiterated a “buy” rating and set a $28.00 target price on shares of Antero Resources in a research note on Wednesday. Barclays reiterated a “hold” rating and set a $22.00 target price on shares of Antero Resources in a research note on Sunday, December 24th. Morgan Stanley reiterated an “equal weight” rating on shares of Antero Resources in a research note on Thursday, December 14th. Finally, Credit Suisse Group began coverage on shares of Antero Resources in a research note on Monday, December 11th. They set a “neutral” rating and a $21.00 target price for the company. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the stock. Antero Resources presently has an average rating of “Hold” and a consensus price target of $25.41.
Antero Resources (AR) traded down $0.59 during trading hours on Thursday, reaching $18.74. 4,875,460 shares of the company traded hands, compared to its average volume of 3,100,931. The firm has a market cap of $5,830.00, a PE ratio of -16.44, a P/E/G ratio of 2.10 and a beta of 0.94. Antero Resources has a 1 year low of $17.59 and a 1 year high of $26.60. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54.
Antero Resources (NYSE:AR) last released its earnings results on Wednesday, November 1st. The oil and natural gas company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). The company had revenue of $775.30 million for the quarter, compared to analyst estimates 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 company earned $0.18 earnings per share. research analysts forecast that Antero Resources will post -0.15 EPS for the current fiscal year.
In other news, insider Kevin J. Kilstrom sold 82,760 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $19.99, for a total value of $1,654,372.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider K. Phil Yoo sold 10,865 shares of the company’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 currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of AR. Toronto Dominion Bank lifted its position in Antero Resources by 244.3% during the 3rd quarter. Toronto Dominion Bank now owns 9,326 shares of the oil and natural gas company’s stock worth $186,000 after buying an additional 6,617 shares in the last quarter. Balasa Dinverno & Foltz LLC acquired a new position in Antero Resources during the 3rd quarter worth about $211,000. Linscomb & Williams Inc. acquired a new position in Antero Resources during the 2nd quarter worth about $220,000. PNC Financial Services Group Inc. lifted its position in Antero Resources by 22.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 10,353 shares of the oil and natural gas company’s stock worth $223,000 after buying an additional 1,891 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Antero Resources by 8.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,442 shares of the oil and natural gas company’s stock worth $247,000 after buying an additional 855 shares in the last quarter. Institutional investors and hedge funds own 96.99% of the company’s stock.
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.