SunTrust Banks restated their hold rating on shares of Antero Resources (NYSE:AR) in a research report report published on Friday, December 8th, MarketBeat.com reports. They currently have a $23.00 target price on the oil and natural gas company’s stock.
Other analysts have also recently issued reports about the company. Royal Bank of Canada restated a hold rating on shares of Antero Resources in a research report on Monday, October 23rd. BMO Capital Markets reiterated a buy rating on shares of Antero Resources in a research report on Friday, September 22nd. Boenning Scattergood cut Antero Resources from an outperform rating to a sector perform rating and set a $26.00 price target for the company. in a research report on Saturday, September 23rd. Howard Weil cut Antero Resources from an outperform rating to a sector perform rating and set a $26.00 price target for the company. in a research report on Thursday, September 21st. Finally, Cowen reissued a hold rating and set a $25.00 price objective on shares of Antero Resources in a research note on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $26.37.
Antero Resources (NYSE:AR) traded up $0.78 during trading on Friday, hitting $19.78. The company had a trading volume of 2,398,798 shares, compared to its average volume of 2,345,650. Antero Resources has a 12-month low of $17.59 and a 12-month high of $26.60. The firm has a market capitalization of $5,997.02, a P/E ratio of -17.20 and a beta of 0.94. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.85 and a quick ratio of 0.85.
Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, November 1st. The oil and natural gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). The company had revenue of $775.30 million during the quarter, compared to analyst estimates of $798.88 million. Antero Resources had a negative net margin of 12.82% and a positive return on equity of 0.78%. During the same period in the previous year, the firm posted $0.18 earnings per share. analysts expect that Antero Resources will post -0.14 EPS for the current fiscal year.
In other Antero Resources news, insider K. Phil Yoo sold 10,865 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $19.25, for a total transaction of $209,151.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Kevin J. Kilstrom sold 82,760 shares of the stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $19.99, for a total value of $1,654,372.40. The disclosure for this sale can be found here. 9.20% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Evergreen Capital Management LLC purchased a new position in Antero Resources during the 2nd quarter worth approximately $3,110,000. Delta Lloyd Asset Management N.V. purchased a new position in Antero Resources during the 2nd quarter worth approximately $1,373,000. Caymus Capital Partners L.P. grew its stake in Antero Resources by 34.5% during the 2nd quarter. Caymus Capital Partners L.P. now owns 4,369,500 shares of the oil and natural gas company’s stock worth $94,425,000 after buying an additional 1,121,300 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Antero Resources by 0.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,801,717 shares of the oil and natural gas company’s stock worth $38,934,000 after buying an additional 11,737 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in Antero Resources by 20.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 311,221 shares of the oil and natural gas company’s stock worth $6,725,000 after buying an additional 53,045 shares during the last quarter. Institutional investors and hedge funds 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.
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