Investment analysts at Credit Suisse Group started coverage on shares of Antero Resources (NYSE:AR) in a report issued on Monday, December 11th, MarketBeat reports. The brokerage set a “neutral” rating and a $21.00 price target on the oil and natural gas company’s stock. Credit Suisse Group’s price objective indicates a potential upside of 12.96% from the company’s current price.
Several other research analysts have also issued reports on the stock. SunTrust Banks restated a “hold” rating and set a $23.00 price target on shares of Antero Resources in a report on Friday, December 8th. Barclays lowered shares of Antero Resources from an “overweight” rating to an “equal weight” rating and set a $21.00 price target for the company. in a report on Monday, November 20th. Jefferies Group set a $20.00 price target on shares of Antero Resources and gave the stock a “hold” rating in a report on Friday, November 17th. BMO Capital Markets set a $24.00 price target on shares of Antero Resources and gave the stock a “buy” rating in a report on Tuesday, October 24th. Finally, Royal Bank of Canada restated a “hold” rating on shares of Antero Resources in a report on Monday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $26.37.
Antero Resources (NYSE AR) traded up $0.06 during trading hours on Monday, reaching $18.59. 1,871,283 shares of the company traded hands, compared to its average volume of 3,340,000. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54. Antero Resources has a twelve month low of $17.59 and a twelve month high of $26.60. The firm has a market cap of $5,870.00, a P/E ratio of -16.31 and a beta of 0.94.
In other news, insider K. Phil Yoo sold 10,865 shares of Antero Resources stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $19.25, for a total value of $209,151.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Kevin J. Kilstrom sold 82,760 shares of Antero Resources stock in a transaction on Friday, November 10th. The shares were sold at an average price of $19.99, for a total transaction of $1,654,372.40. The disclosure for this sale can be found here. Insiders own 9.20% of the company’s stock.
Several large investors have recently added to or reduced their stakes in AR. Toronto Dominion Bank lifted its position in shares of Antero Resources by 244.3% during the 3rd quarter. Toronto Dominion Bank now owns 9,326 shares of the oil and natural gas company’s stock valued at $186,000 after buying an additional 6,617 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Antero Resources in the 2nd quarter worth approximately $215,000. Linscomb & Williams Inc. purchased a new position in shares of Antero Resources in the 2nd quarter worth approximately $220,000. PNC Financial Services Group Inc. boosted its holdings in shares of Antero Resources by 22.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 10,353 shares of the oil and natural gas company’s stock worth $223,000 after purchasing an additional 1,891 shares during the period. Finally, Balasa Dinverno & Foltz LLC purchased a new position in shares of Antero Resources in the 3rd quarter worth approximately $211,000. 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.
