Antero Resources (NYSE:AR) has been given a $29.00 price objective by analysts at KeyCorp in a research report issued to clients and investors on Sunday. The brokerage presently has a “buy” rating on the oil and natural gas company’s stock. KeyCorp’s price target suggests a potential upside of 54.75% from the company’s previous close. KeyCorp also issued estimates for Antero Resources’ Q4 2017 earnings at $0.12 EPS.
A number of other equities research analysts have also issued reports on AR. Boenning Scattergood lowered Antero Resources from an “outperform” rating to a “sector perform” rating and set a $26.00 price target for the company. in a research note on Saturday, September 23rd. Stifel Nicolaus set a $21.00 price target on Antero Resources and gave the stock a “hold” rating in a research note on Thursday, October 5th. Jefferies Group initiated coverage on Antero Resources in a research report on Monday, October 9th. They set a “hold” rating and a $21.00 price objective for the company. Robert W. Baird set a $38.00 price objective on Antero Resources and gave the company a “buy” rating in a research report on Thursday, October 12th. Finally, Morgan Stanley cut their price objective on Antero Resources from $23.00 to $22.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the stock. Antero Resources currently has an average rating of “Hold” and a consensus target price of $25.18.
Shares of Antero Resources (NYSE AR) traded down $0.59 during mid-day trading on Friday, reaching $18.74. The company’s stock had a trading volume of 4,875,800 shares, compared to its average volume of 3,100,931. Antero Resources has a 1-year low of $17.59 and a 1-year high of $26.60. 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 $5,914.95, a price-to-earnings ratio of -16.30, a PEG ratio of 1.84 and a beta of 0.94.
Antero Resources (NYSE:AR) last issued 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). Antero Resources had a negative return on equity of 7.07% and a negative net margin of 13.89%. The business had revenue of $775.30 million during the quarter, compared to analysts’ expectations of $798.88 million. During the same quarter in the previous year, the company posted $0.18 EPS. equities analysts anticipate that Antero Resources will post -0.09 earnings per share for the current fiscal year.
In related news, insider Kevin J. Kilstrom sold 82,760 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider K. Phil Yoo sold 10,865 shares of the stock in a transaction dated Thursday, November 16th. The shares were 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. Company insiders own 9.20% of the company’s stock.
Several large investors have recently made changes to their positions in AR. Toronto Dominion Bank lifted its holdings in shares of Antero Resources by 244.3% in the 3rd quarter. Toronto Dominion Bank now owns 9,326 shares of the oil and natural gas company’s stock valued at $186,000 after acquiring an additional 6,617 shares during the last quarter. Balasa Dinverno & Foltz LLC bought a new position in shares of Antero Resources in the 3rd quarter valued at about $211,000. Linscomb & Williams Inc. bought a new position in shares of Antero Resources in the 2nd quarter valued at about $220,000. PNC Financial Services Group Inc. lifted its holdings in shares of Antero Resources by 22.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 10,353 shares of the oil and natural gas company’s stock valued at $223,000 after acquiring an additional 1,891 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Antero Resources by 8.1% in the 2nd 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 acquiring an additional 855 shares during the last quarter. 96.83% of the stock is owned by hedge funds and other 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.