Cowen set a $22.00 price objective on Antero Resources (NYSE:AR) in a research report sent to investors on Thursday morning. The brokerage currently has a hold rating on the oil and natural gas company’s stock.
AR has been the topic of a number of other reports. Morgan Stanley reduced their target price on shares of Antero Resources from $23.00 to $22.00 and set an equal weight rating on the stock in a research report on Wednesday, October 18th. Barclays downgraded shares of Antero Resources from an overweight rating to an equal weight rating and set a $21.00 price objective on the stock. in a research note on Monday, November 20th. Zacks Investment Research upgraded shares of Antero Resources from a hold rating to a buy rating and set a $22.00 price objective on the stock in a research note on Wednesday, January 3rd. Robert W. Baird set a $38.00 price objective on shares of Antero Resources and gave the company a buy rating in a research note on Thursday, October 12th. Finally, BMO Capital Markets set a $24.00 price objective on shares of Antero Resources and gave the company a buy rating in a research note on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $25.41.
Antero Resources (NYSE AR) opened at $18.74 on Thursday. The company has a market cap of $5,910.00, a P/E ratio of -16.44, a PEG ratio of 1.27 and a beta of 0.94. Antero Resources has a 1 year low of $17.59 and a 1 year high of $26.60. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 0.85.
Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, November 1st. The oil and natural gas company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). The company had revenue of $775.30 million for the quarter, compared to analysts’ expectations of $798.88 million. Antero Resources had a positive return on equity of 0.78% and a negative net margin of 12.82%. During the same period last year, the business posted $0.18 earnings per share. research analysts anticipate that Antero Resources will post -0.09 EPS for the current year.
In other Antero Resources news, insider Kevin J. Kilstrom sold 82,760 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $19.99, for a total value of $1,654,372.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider K. Phil Yoo sold 10,865 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $19.25, for a total transaction of $209,151.25. The disclosure for this sale can be found here. 9.20% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Antero Resources in the fourth quarter worth $413,000. State of Alaska Department of Revenue purchased a new position in shares of Antero Resources in the fourth quarter worth $284,000. Hamilton Lane Advisors LLC raised its holdings in shares of Antero Resources by 520.2% in the fourth quarter. Hamilton Lane Advisors LLC now owns 285,782 shares of the oil and natural gas company’s stock worth $5,430,000 after buying an additional 239,702 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Antero Resources by 12.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 955,070 shares of the oil and natural gas company’s stock worth $18,147,000 after buying an additional 103,917 shares during the last quarter. Finally, Gulf International Bank UK Ltd raised its holdings in shares of Antero Resources by 23.4% during the fourth quarter. Gulf International Bank UK Ltd now owns 79,114 shares of the oil and natural gas company’s stock worth $1,503,000 after purchasing an additional 15,000 shares during the last quarter. 96.99% of the stock is owned by institutional investors and hedge funds.
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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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