Zacks Investment Research Upgrades Antero Resources (AR) to Buy

Antero Resources (NYSE:AR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The brokerage presently has a $19.00 price target on the oil and natural gas company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 4.00% from the company’s current price.

According to Zacks, “Antero Resources Corporation is an independent oil and natural gas company. It is primarily engaged in the exploitation, development and acquisition of unconventional oil and liquids-rich natural gas properties primarily located in the Appalachian Basin in West Virginia, Ohio and Pennsylvania. Antero Resources Corporation is headquartered in Denver, Colorado. “

Other analysts have also issued reports about the company. Royal Bank of Canada reissued a “hold” rating on shares of Antero Resources in a report on Monday, October 23rd. Robert W. Baird reduced their target price on Antero Resources from $39.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, December 18th. Credit Suisse Group began coverage on Antero Resources in a report on Monday, December 11th. They set a “neutral” rating and a $21.00 target price on the stock. SunTrust Banks reissued a “hold” rating and set a $23.00 target price on shares of Antero Resources in a report on Friday, December 8th. Finally, Raymond James Financial lowered Antero Resources from a “strong-buy” rating to an “outperform” rating and set a $24.00 target price on the stock. in a report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $25.11.

Antero Resources (NYSE:AR) traded up $0.87 on Wednesday, hitting $18.27. The stock had a trading volume of 5,941,460 shares, compared to its average volume of 3,797,240. The firm has a market cap of $5,510.94, a price-to-earnings ratio of -15.89, a P/E/G ratio of 2.96 and a beta of 0.93. Antero Resources has a 12 month low of $16.31 and a 12 month high of $26.09. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54.

In related news, insider K. Phil Yoo sold 10,865 shares of the company’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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 9.20% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of AR. Twin Tree Management LP bought a new position in Antero Resources in the fourth quarter valued at about $143,000. Toronto Dominion Bank raised its position in Antero Resources by 244.3% in the third quarter. Toronto Dominion Bank now owns 9,326 shares of the oil and natural gas company’s stock valued at $186,000 after purchasing an additional 6,617 shares during the last quarter. James Hambro & Partners bought a new position in Antero Resources in the fourth quarter valued at about $190,000. SG Americas Securities LLC bought a new position in Antero Resources in the fourth quarter valued at about $191,000. Finally, Balasa Dinverno & Foltz LLC bought a new position in Antero Resources in the third quarter valued at about $211,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

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About Antero Resources

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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