Barclays Reiterates “Hold” Rating for Antero Resources (AR)

Barclays reissued their hold rating on shares of Antero Resources (NYSE:AR) in a report issued on Sunday morning. The brokerage currently has a $22.00 price target on the oil and natural gas company’s stock.

Several other equities analysts also recently issued reports on AR. ValuEngine downgraded shares of Antero Resources from a hold rating to a sell rating in a research note on Friday, September 1st. KeyCorp reaffirmed a buy rating and set a $33.00 price target on shares of Antero Resources in a research report on Sunday, September 3rd. Robert W. Baird reaffirmed a buy rating and set a $38.00 price target on shares of Antero Resources in a research report on Sunday, September 10th. Cowen reaffirmed a hold rating and set a $25.00 price target on shares of Antero Resources in a research report on Tuesday, September 12th. Finally, Howard Weil lowered shares of 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. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Hold and an average target price of $26.37.

Shares of Antero Resources (NYSE AR) opened at $19.03 on Friday. Antero Resources has a fifty-two week low of $17.59 and a fifty-two week high of $26.60. The stock has a market cap of $6,040.00, a PE ratio of -16.69 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 consensus estimate of ($0.03) by ($0.01). Antero Resources had a negative net margin of 12.82% and a positive return on equity of 0.78%. The business had revenue of $775.30 million during the quarter, compared to analysts’ expectations of $798.88 million. During the same period last year, the company earned $0.18 EPS. equities research analysts expect that Antero Resources will post -0.14 EPS for the current fiscal year.

In related news, insider K. Phil Yoo sold 10,865 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $19.25, for a total value of $209,151.25. The transaction was disclosed in a legal 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 stock was sold at an average price of $19.99, for a total transaction of $1,654,372.40. The disclosure for this sale can be found here. Corporate insiders own 9.20% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in AR. Janus Henderson Group PLC increased its holdings in shares of Antero Resources by 15,715.7% in the 2nd quarter. Janus Henderson Group PLC now owns 2,916,259 shares of the oil and natural gas company’s stock worth $63,020,000 after acquiring an additional 2,897,820 shares during the period. Baupost Group LLC MA increased its stake in Antero Resources by 12.9% during the 3rd quarter. Baupost Group LLC MA now owns 23,912,257 shares of the oil and natural gas company’s stock valued at $475,854,000 after buying an additional 2,741,261 shares during the period. BlackRock Inc. increased its stake in Antero Resources by 18.7% during the 2nd quarter. BlackRock Inc. now owns 10,146,431 shares of the oil and natural gas company’s stock valued at $219,264,000 after buying an additional 1,595,558 shares during the period. Dimensional Fund Advisors LP increased its stake in Antero Resources by 60.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,325,460 shares of the oil and natural gas company’s stock valued at $66,176,000 after buying an additional 1,254,460 shares during the period. Finally, Thompson Siegel & Walmsley LLC increased its stake in Antero Resources by 19.7% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 6,671,696 shares of the oil and natural gas company’s stock valued at $144,176,000 after buying an additional 1,096,317 shares during the period. 96.99% of the stock is currently 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.

Analyst Recommendations for Antero Resources (NYSE:AR)

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