Antero Resources (AR) Stock Rating Lowered by Raymond James Financial

Antero Resources (NYSE:AR) was downgraded by stock analysts at Raymond James Financial from a “strong-buy” rating to an “outperform” rating in a report released on Monday.

Several other equities analysts have also commented on AR. Stifel Nicolaus set a $21.00 target price on shares of Antero Resources and gave the company a “hold” rating in a report on Thursday, October 5th. Jefferies Group started coverage on shares of Antero Resources in a report on Monday, October 9th. They set a “hold” rating and a $21.00 target price on the stock. Robert W. Baird set a $38.00 target price on shares of Antero Resources and gave the company a “buy” rating in a report on Thursday, October 12th. Morgan Stanley reduced their target price on shares of Antero Resources from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 18th. Finally, Cowen set a $25.00 target price on shares of Antero Resources and gave the company a “hold” rating in a report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have given a buy rating to the company’s stock. Antero Resources presently 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 trading hours on Monday, hitting $19.41. 424,985 shares of the stock were exchanged, compared to its average volume of 3,176,298. The company has a market cap of $6,312.65, a price-to-earnings ratio of -16.90, a price-to-earnings-growth ratio of 3.39 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 quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.54.

Antero Resources (NYSE:AR) last issued its quarterly earnings results on Wednesday, November 1st. The oil and natural gas company reported ($0.04) 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 the consensus estimate 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 previous year, the company earned $0.18 EPS. 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 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider K. Phil Yoo sold 10,865 shares of the firm’s stock in a transaction on 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 large investors have recently bought and sold shares of AR. Janus Henderson Group PLC lifted its position in shares of Antero Resources by 15,715.7% in the 2nd 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 purchasing an additional 2,897,820 shares during the period. Baupost Group LLC MA lifted its position in shares of Antero Resources by 12.9% in the 3rd 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 purchasing an additional 2,741,261 shares during the period. BlackRock Inc. lifted its position in shares of Antero Resources by 18.7% in the 2nd quarter. BlackRock Inc. now owns 10,146,431 shares of the oil and natural gas company’s stock worth $219,264,000 after purchasing an additional 1,595,558 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Antero Resources by 60.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,325,460 shares of the oil and natural gas company’s stock worth $66,176,000 after purchasing an additional 1,254,460 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Antero Resources by 6.5% in the 2nd quarter. Vanguard Group Inc. now owns 17,760,019 shares of the oil and natural gas company’s stock worth $383,794,000 after purchasing an additional 1,091,065 shares during the period. 97.00% 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.

Analyst Recommendations for Antero Resources (NYSE:AR)

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