Antero Resources (NYSE:AR) had its target price lowered by research analysts at Robert W. Baird from $39.00 to $22.00 in a research note issued on Monday, MarketBeat reports. The brokerage currently has an “outperform” rating on the oil and natural gas company’s stock. Robert W. Baird’s price target points to a potential upside of 22.22% from the stock’s current price.
AR has been the subject of several other research reports. Jefferies Group began coverage on Antero Resources in a research note on Monday, October 9th. They set a “hold” rating and a $21.00 target price for the company. Barclays lowered Antero Resources from an “overweight” rating to an “equal weight” rating and set a $21.00 price target for the company. in a research report on Monday, November 20th. Cowen set a $25.00 price target on Antero Resources and gave the company a “hold” rating in a research report on Wednesday, October 18th. BMO Capital Markets reiterated a “buy” rating on shares of Antero Resources in a research report on Friday, September 22nd. Finally, Credit Suisse Group began coverage on Antero Resources in a research report on Monday, December 11th. They issued a “neutral” rating and a $21.00 price target for the company. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $26.32.
Shares of Antero Resources (NYSE AR) traded down $0.04 during mid-day trading on Monday, reaching $18.00. The company had a trading volume of 2,220,000 shares, compared to its average volume of 3,400,000. Antero Resources has a fifty-two week low of $17.59 and a fifty-two week high of $26.60. The company has a market capitalization of $5,680.00, a PE ratio of 92.89 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.
In other Antero Resources news, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kevin J. Kilstrom sold 82,760 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $19.99, for a total value of $1,654,372.40. The disclosure for this sale can be found here. Company insiders own 9.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement Association of Colorado raised its stake in shares of Antero Resources by 385.1% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 27,670 shares of the oil and natural gas company’s stock worth $598,000 after purchasing an additional 21,966 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Antero Resources by 16.8% during the 2nd quarter. Great West Life Assurance Co. Can now owns 108,333 shares of the oil and natural gas company’s stock worth $2,337,000 after purchasing an additional 15,563 shares in the last quarter. Sei Investments Co. raised its stake in shares of Antero Resources by 128.1% during the 2nd quarter. Sei Investments Co. now owns 21,003 shares of the oil and natural gas company’s stock worth $453,000 after purchasing an additional 11,794 shares in the last quarter. Pictet Asset Management Ltd. raised its stake in shares of Antero Resources by 29.0% during the 2nd quarter. Pictet Asset Management Ltd. now owns 80,000 shares of the oil and natural gas company’s stock worth $1,646,000 after purchasing an additional 18,000 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Antero Resources by 23.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 581,400 shares of the oil and natural gas company’s stock worth $12,565,000 after purchasing an additional 110,834 shares in the last quarter. Hedge funds and other institutional investors own 96.99% 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.
