Antero Resources Corp (NYSE:AR) has been given a consensus recommendation of “Hold” by the eighteen brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $23.90.
A number of brokerages recently weighed in on AR. Stifel Nicolaus began coverage on Antero Resources in a report on Wednesday, May 23rd. They issued a “buy” rating and a $24.50 target price on the stock. TD Securities reduced their target price on Antero Resources from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, August 2nd. Morgan Stanley lifted their target price on Antero Resources from $22.00 to $23.00 and gave the company an “equal weight” rating in a report on Thursday, July 12th. Citigroup reduced their target price on Antero Resources from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, August 13th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $22.00 target price on shares of Antero Resources in a report on Friday, July 20th.
In other Antero Resources news, insider K. Phil Yoo sold 2,500 shares of the firm’s stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $18.59, for a total value of $46,475.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 9.40% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in AR. BlackRock Inc. raised its position in Antero Resources by 10.1% in the second quarter. BlackRock Inc. now owns 13,679,453 shares of the oil and natural gas company’s stock valued at $292,057,000 after purchasing an additional 1,256,488 shares during the period. Poplar Forest Capital LLC raised its position in Antero Resources by 120.5% in the first quarter. Poplar Forest Capital LLC now owns 1,493,123 shares of the oil and natural gas company’s stock valued at $29,638,000 after purchasing an additional 815,912 shares during the period. Dimensional Fund Advisors LP raised its position in Antero Resources by 15.6% in the first quarter. Dimensional Fund Advisors LP now owns 5,499,386 shares of the oil and natural gas company’s stock valued at $109,163,000 after purchasing an additional 741,671 shares during the period. Nuveen Asset Management LLC raised its position in Antero Resources by 443.8% in the first quarter. Nuveen Asset Management LLC now owns 874,105 shares of the oil and natural gas company’s stock valued at $17,351,000 after purchasing an additional 713,355 shares during the period. Finally, United Services Automobile Association raised its position in Antero Resources by 125.6% in the second quarter. United Services Automobile Association now owns 1,169,417 shares of the oil and natural gas company’s stock valued at $53,934,000 after purchasing an additional 651,000 shares during the period. 94.88% of the stock is currently owned by institutional investors.
AR stock opened at $18.61 on Friday. Antero Resources has a 52-week low of $16.31 and a 52-week high of $22.69. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $5.77 billion, a PE ratio of 155.08, a price-to-earnings-growth ratio of 1.09 and a beta of 0.73.
Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, August 1st. The oil and natural gas company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.17). Antero Resources had a net margin of 6.24% and a return on equity of 1.83%. The firm had revenue of $989.34 million during the quarter, compared to analyst estimates of $950.78 million. During the same quarter in the previous year, the business posted ($0.04) EPS. Antero Resources’s revenue was up 25.2% compared to the same quarter last year. equities research analysts predict that Antero Resources will post 0.84 EPS for the current fiscal year.
About Antero Resources
Antero Resources Corporation, an independent oil and natural gas company, acquires, explores, produces, and develops natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2017 had approximately 484,000 net acres in the southwestern core of the Marcellus Shale; approximately 137,000 net acres in the core of the Utica Shale; and approximately 214,000 net acres of Marcellus Shale leasehold.
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