BMO Capital Markets Reaffirms Buy Rating for Antero Resources (AR)

Antero Resources (NYSE:AR)‘s stock had its “buy” rating restated by investment analysts at BMO Capital Markets in a research note issued on Wednesday.

Other equities analysts have also recently issued research reports about the stock. Robert W. Baird set a $38.00 price objective on shares of Antero Resources and gave the stock a “buy” rating in a research note on Thursday, October 12th. Zacks Investment Research raised shares of Antero Resources from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Wednesday, January 3rd. KeyCorp set a $29.00 price objective on shares of Antero Resources and gave the stock a “buy” rating in a research note on Sunday, January 21st. Morgan Stanley reaffirmed an “equal weight” rating on shares of Antero Resources in a research note on Thursday, December 14th. Finally, Barclays cut shares of Antero Resources from an “overweight” rating to an “equal weight” rating and set a $21.00 price objective on the stock. in a research note on Monday, November 20th. 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 company’s stock. The stock has an average rating of “Hold” and a consensus price target of $25.18.

Shares of Antero Resources (NYSE:AR) traded up $0.20 on Wednesday, hitting $20.00. 1,709,245 shares of the stock traded hands, compared to its average volume of 3,180,000. The firm has a market cap of $6,310.00, a PE ratio of -17.54, a P/E/G ratio of 3.36 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 announced its quarterly earnings data 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 business had revenue of $775.30 million during the quarter, compared to analyst estimates of $798.88 million. Antero Resources had a positive return on equity of 0.78% and a negative net margin of 12.82%. During the same period in the prior year, the firm earned $0.18 EPS. equities research analysts forecast that Antero Resources will post -0.08 earnings per share 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 value of $1,654,372.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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. Company insiders own 9.20% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Toronto Dominion Bank boosted its holdings in shares of Antero Resources by 244.3% during the third quarter. Toronto Dominion Bank now owns 9,326 shares of the oil and natural gas company’s stock worth $186,000 after purchasing an additional 6,617 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Antero Resources during the fourth quarter worth approximately $191,000. Linscomb & Williams Inc. acquired a new stake in shares of Antero Resources during the second quarter worth approximately $220,000. PNC Financial Services Group Inc. boosted its holdings in shares of Antero Resources by 22.3% during the second quarter. PNC Financial Services Group Inc. now owns 10,353 shares of the oil and natural gas company’s stock worth $223,000 after purchasing an additional 1,891 shares during the period. Finally, Balasa Dinverno & Foltz LLC acquired a new stake in shares of Antero Resources during the third quarter worth approximately $211,000. Institutional investors and hedge funds own 96.83% 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.

Analyst Recommendations for Antero Resources (NYSE:AR)

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