Brokers Offer Predictions for Antero Resources Corp’s FY2017 Earnings (AR)

Antero Resources Corp (NYSE:AR) – Investment analysts at Capital One Financial raised their FY2017 EPS estimates for shares of Antero Resources in a research report issued to clients and investors on Tuesday. Capital One Financial analyst B. Velie now forecasts that the oil and natural gas company will earn $0.03 per share for the year, up from their prior forecast of ($0.05).

Several other research firms also recently weighed in on AR. KeyCorp set a $29.00 price target on shares of Antero Resources and gave the stock a “buy” rating in a research note on Sunday, January 21st. Zacks Investment Research downgraded shares of Antero Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. Cowen set a $22.00 price objective on shares of Antero Resources and gave the stock a “hold” rating in a research report on Thursday, January 18th. Barclays restated a “hold” rating and set a $22.00 price objective on shares of Antero Resources in a research report on Sunday, December 24th. Finally, Morgan Stanley restated an “equal weight” rating on shares of Antero Resources in a research report on Thursday, December 14th. 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. The stock has a consensus rating of “Hold” and a consensus price target of $25.28.

Antero Resources (NYSE:AR) opened at $17.02 on Friday. 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 firm has a market cap of $5,370.00, a PE ratio of -14.93, a PEG ratio of 2.98 and a beta of 0.93. Antero Resources has a 52 week low of $16.99 and a 52 week high of $26.09.

In related news, insider K. Phil Yoo sold 10,865 shares of Antero Resources stock in a transaction that occurred on Thursday, November 16th. The shares were 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 at the SEC website. 9.20% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in the stock. Baupost Group LLC MA grew its holdings in shares of Antero Resources by 12.9% in the third quarter. Baupost Group LLC MA now owns 23,912,257 shares of the oil and natural gas company’s stock valued at $475,854,000 after purchasing an additional 2,741,261 shares in the last quarter. Sound Shore Management Inc. CT grew its holdings in shares of Antero Resources by 5.6% in the third quarter. Sound Shore Management Inc. CT now owns 9,932,900 shares of the oil and natural gas company’s stock valued at $197,665,000 after purchasing an additional 526,500 shares in the last quarter. State Street Corp grew its holdings in shares of Antero Resources by 13.6% in the second quarter. State Street Corp now owns 8,187,581 shares of the oil and natural gas company’s stock valued at $176,939,000 after purchasing an additional 978,883 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Antero Resources by 60.6% in the third quarter. Dimensional Fund Advisors LP now owns 3,325,460 shares of the oil and natural gas company’s stock valued at $66,176,000 after purchasing an additional 1,254,460 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Antero Resources by 15,715.7% in the second quarter. Janus Henderson Group PLC now owns 2,916,259 shares of the oil and natural gas company’s stock valued at $63,020,000 after purchasing an additional 2,897,820 shares in the last quarter. Hedge funds and other institutional investors own 96.95% 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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