The Antero Resources Corp. (AR) Upgrade by the Zacks Investment Research to “Buy”

The Antero Resources Corp. (AR) Upgrade by the Zacks Investment Research to “Buy”

Zacks Investment Research upgraded shares of Antero Resources Corp. (NYSE:AR) from a hold rating to a buy rating in a research report report published on Monday morning. The brokerage currently has $27.00 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. “

Several other brokerages have also weighed in on AR. Jefferies Group reissued a hold rating and issued a $29.00 price objective on shares of Antero Resources Corp. in a report on Wednesday, October 19th. Seaport Global Securities lowered Antero Resources Corp. from a buy rating to an accumulate rating in a report on Friday, December 9th. Susquehanna raised Antero Resources Corp. from a neutral rating to a positive rating and set a $35.00 price objective for the company in a report on Friday, October 28th. TheStreet raised Antero Resources Corp. from a sell rating to a hold rating in a report on Monday, October 31st. Finally, GMP Securities assumed coverage on Antero Resources Corp. in a research note on Wednesday, September 28th. They issued a hold rating and a $29.00 target price for the company. Nine research 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. Antero Resources Corp. presently has an average rating of Buy and an average target price of $32.03.

Antero Resources Corp. (NYSE:AR) opened at 24.44 on Monday. The stock’s 50 day moving average price is $25.09 and its 200-day moving average price is $26.48. The stock’s market capitalization is $7.67 billion. Antero Resources Corp. has a 52 week low of $19.00 and a 52 week high of $30.66.

Antero Resources Corp. (NYSE:AR) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.06. The firm earned $1.44 billion during the quarter, compared to analyst estimates of $695.90 million. Antero Resources Corp. had a return on equity of 1.73% and a net margin of 15.72%. Antero Resources Corp.’s quarterly revenue was up 29.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.05 earnings per share. Equities research analysts expect that Antero Resources Corp. will post $0.67 earnings per share for the current year.

In other Antero Resources Corp. news, insider Alvyn A. Schopp sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, December 8th. The stock was sold at an average price of $26.70, for a total value of $1,068,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard W. Connor bought 4,000 shares of the business’s stock in a transaction on Tuesday, November 1st. The stock was purchased at an average price of $26.04 per share, with a total value of $104,160.00. Following the completion of the transaction, the director now directly owns 14,275 shares of the company’s stock, valued at $371,721. The disclosure for this purchase can be found here. 10.80% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake 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 period. Brave Warrior Advisors LLC increased its stake 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 period. Yale University increased its stake 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 period. FMR LLC increased its stake 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 period. Finally, BlackRock Institutional Trust Company N.A. increased its stake in 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 during the period. Hedge funds and other institutional investors own 86.65% of the company’s stock.

About Antero Resources Corp.

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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