The Antero Resources Corp. (AR) Lifted to “Buy” at Zacks Investment Research

The Antero Resources Corp. (AR) Lifted to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Antero Resources Corp. (NYSE:AR) from a hold rating to a buy rating in a research report sent to investors on Tuesday. They currently have $31.00 price objective on the stock.

According to Zacks, “Antero Resources Corporation is an independent oil and natural gas company. It is primarily engaged in the exploitation, development and acquisition of unconventional oil and liquids-rich natural gas properties primarily located in the Appalachian Basin in West Virginia, Ohio and Pennsylvania. Antero Resources Corporation is headquartered in Denver, Colorado. “

Other equities research analysts have also issued reports about the company. Barclays PLC restated a buy rating on shares of Antero Resources Corp. in a research report on Sunday, July 17th. Deutsche Bank AG dropped their price target on Antero Resources Corp. from $28.00 to $27.00 and set a hold rating for the company in a research report on Tuesday, June 14th. Vetr upgraded Antero Resources Corp. from a hold rating to a buy rating and set a $29.14 price target for the company in a research report on Monday, June 13th. JPMorgan Chase & Co. restated a hold rating on shares of Antero Resources Corp. in a research report on Monday, July 18th. Finally, BMO Capital Markets restated a buy rating on shares of Antero Resources Corp. in a research report on Monday, June 13th. Nine investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $31.40.

Shares of Antero Resources Corp. (NYSE:AR) opened at 27.82 on Tuesday. The firm’s 50-day moving average price is $26.78 and its 200-day moving average price is $26.92. Antero Resources Corp. has a 12 month low of $18.50 and a 12 month high of $30.66. The company has a market capitalization of $8.55 billion, a price-to-earnings ratio of 85.86 and a beta of 1.09.

Antero Resources Corp. (NYSE:AR) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.03. Antero Resources Corp. had a return on equity of 1.19% and a net margin of 15.72%. The company earned $376.70 million during the quarter, compared to analyst estimates of $676.46 million. During the same period in the previous year, the business earned $0.06 EPS. Equities research analysts expect that Antero Resources Corp. will post $0.10 EPS for the current year.

In other Antero Resources Corp. news, insider Glen C. Warren, Jr. sold 1,000,000 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $27.38, for a total value of $27,380,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ward D. Mcneilly sold 28,037 shares of the firm’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $27.35, for a total value of $766,811.95. The disclosure for this sale can be found here. 10.80% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of AR. Zebra Capital Management LLC boosted its stake in Antero Resources Corp. by 30.7% in the first quarter. Zebra Capital Management LLC now owns 47,453 shares of the company’s stock worth $1,180,000 after buying an additional 11,149 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Antero Resources Corp. during the first quarter worth $273,000. Aviva PLC boosted its stake in Antero Resources Corp. by 1.5% in the first quarter. Aviva PLC now owns 28,859 shares of the company’s stock worth $718,000 after buying an additional 416 shares in the last quarter. Menta Capital LLC acquired a new stake in Antero Resources Corp. during the first quarter worth $1,048,000. Finally, NN Investment Partners Holdings N.V. acquired a new stake in Antero Resources Corp. during the first quarter worth $563,000. Institutional investors own 86.14% of the company’s stock.

Antero Resources Corp. Company Profile

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 compression; water handling and treatment, and marketing of excess firm transportation capacity.

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