BMO Capital Markets reiterated their buy rating on shares of Antero Resources Corporation (NYSE:AR) in a report released on Thursday. They currently have a $26.00 price target on the oil and natural gas company’s stock.
AR has been the topic of a number of other research reports. Zacks Investment Research cut shares of Antero Resources Corporation from a strong-buy rating to a hold rating in a research note on Tuesday, May 2nd. Guggenheim upgraded shares of Antero Resources Corporation from a neutral rating to a buy rating and set a $34.00 target price on the stock in a research note on Thursday, March 16th. ValuEngine cut shares of Antero Resources Corporation from a hold rating to a sell rating in a research note on Friday, June 2nd. Scotiabank set a $31.00 target price on shares of Antero Resources Corporation and gave the stock a buy rating in a research note on Monday, March 27th. Finally, KLR Group restated a buy rating and set a $35.00 target price on shares of Antero Resources Corporation in a research note on Wednesday, March 1st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $32.08.
Antero Resources Corporation (NYSE AR) opened at 21.05 on Thursday. The company’s 50-day moving average is $21.17 and its 200 day moving average is $23.38. Antero Resources Corporation has a 52 week low of $19.51 and a 52 week high of $28.92. The stock’s market cap is $6.64 billion.
Antero Resources Corporation (NYSE:AR) last released its earnings results on Monday, May 8th. The oil and natural gas company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.17. The firm had revenue of $801.65 million for the quarter, compared to the consensus estimate of $762.70 million. During the same quarter in the previous year, the business posted $0.17 EPS. Antero Resources Corporation’s revenue was up 4.7% on a year-over-year basis. On average, analysts expect that Antero Resources Corporation will post $0.52 earnings per share for the current fiscal year.
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In related news, insider Ward D. Mcneilly sold 24,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $22.05, for a total value of $529,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul M. Rady bought 500,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was acquired at an average cost of $21.11 per share, with a total value of $10,555,000.00. The disclosure for this purchase can be found here. Company insiders own 10.80% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. acquired a new position in Antero Resources Corporation during the fourth quarter worth $9,059,000. Bessemer Group Inc. raised its position in Antero Resources Corporation by 651.0% in the fourth quarter. Bessemer Group Inc. now owns 35,389 shares of the oil and natural gas company’s stock worth $837,000 after buying an additional 30,677 shares during the period. State Board of Administration of Florida Retirement System raised its position in Antero Resources Corporation by 8.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 276,212 shares of the oil and natural gas company’s stock worth $6,532,000 after buying an additional 21,146 shares during the period. Comerica Bank raised its position in Antero Resources Corporation by 75.5% in the fourth quarter. Comerica Bank now owns 16,389 shares of the oil and natural gas company’s stock worth $420,000 after buying an additional 7,052 shares during the period. Finally, State Street Corp raised its position in Antero Resources Corporation by 24.5% in the fourth quarter. State Street Corp now owns 5,937,693 shares of the oil and natural gas company’s stock worth $140,431,000 after buying an additional 1,168,043 shares during the period. 91.80% of the stock is owned by hedge funds and other institutional investors.
About Antero Resources Corporation
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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