Today, Antero Resources Corp. to Post Q4 2016 Earnings of $0.16 Per Share, KeyCorp Forecasts (AR)

Today, Antero Resources Corp. to Post Q4 2016 Earnings of $0.16 Per Share, KeyCorp Forecasts (AR)
Antero Resources Corp. (NYSE:AR) – Investment analysts at KeyCorp increased their Q4 2016 earnings estimates for shares of Antero Resources Corp. in a research report issued to clients and investors on Tuesday. KeyCorp analyst D. Deckelbaum now expects that the firm will post earnings of $0.16 per share for the quarter, up from their previous estimate of $0.15.

A number of other equities analysts have also recently commented on AR. Zacks Investment Research cut shares of Antero Resources Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 9th. Morgan Stanley set a $39.00 price target on shares of Antero Resources Corp. and gave the stock a “hold” rating in a report on Thursday, August 11th. GMP Securities initiated coverage on shares of Antero Resources Corp. in a report on Wednesday, September 28th. They issued a “hold” rating and a $29.00 price target on the stock. Jefferies Group reissued a “hold” rating and issued a $29.00 price target on shares of Antero Resources Corp. in a report on Wednesday, October 19th. Finally, Susquehanna raised shares of Antero Resources Corp. from a “neutral” rating to a “positive” rating and set a $35.00 price target on the stock in a report on Friday, October 28th. Nine investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $32.07.

Shares of Antero Resources Corp. (NYSE:AR) opened at 25.04 on Wednesday. Antero Resources Corp. has a 12-month low of $18.50 and a 12-month high of $30.66. The company has a 50 day moving average of $26.03 and a 200-day moving average of $26.74. The firm’s market cap is $7.86 billion.

Antero Resources Corp. (NYSE:AR) last posted its earnings results on Wednesday, October 26th. The company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.06. Antero Resources Corp. had a net margin of 15.72% and a return on equity of 1.73%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $695.90 million. During the same quarter in the prior year, the business posted $0.05 EPS. The firm’s revenue was up 29.3% compared to the same quarter last year.

In other news, Director Richard W. Connor purchased 4,000 shares of the company’s stock in a transaction on Tuesday, November 1st. The stock was acquired at an average cost of $26.04 per share, for a total transaction of $104,160.00. Following the completion of the transaction, the director now directly owns 14,275 shares in the company, valued at approximately $371,721. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 10.80% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Antero Resources Corp. by 37.3% in the second quarter. Vanguard Group Inc. now owns 13,811,368 shares of the company’s stock worth $358,819,000 after buying an additional 3,752,687 shares during the last quarter. Brave Warrior Advisors LLC raised its position in Antero Resources Corp. by 120.8% in the second quarter. Brave Warrior Advisors LLC now owns 9,285,336 shares of the company’s stock worth $241,233,000 after buying an additional 5,080,141 shares during the last quarter. Yale University raised its position in Antero Resources Corp. by 1.5% in the second quarter. Yale University now owns 8,874,073 shares of the company’s stock worth $230,549,000 after buying an additional 133,202 shares during the last quarter. FMR LLC raised its position in Antero Resources Corp. by 12.0% in the second quarter. FMR LLC now owns 7,847,056 shares of the company’s stock worth $203,867,000 after buying an additional 840,290 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Antero Resources Corp. by 5.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 4,131,316 shares of the company’s stock worth $111,339,000 after buying an additional 225,107 shares in the last quarter. Institutional investors and hedge funds own 86.08% of the company’s stock.

Antero Resources Corp. Company Profile

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