Antero Resources’ (AR) Hold Rating Reaffirmed at SunTrust Banks
SunTrust Banks reiterated their hold rating on shares of Antero Resources (NYSE:AR) in a report published on Friday. They currently have a $23.00 price objective on the oil and natural gas company’s stock.
Several other research analysts have also weighed in on the stock. Barclays lowered 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. Jefferies Group set a $20.00 price objective on shares of Antero Resources and gave the company a hold rating in a research note on Friday, November 17th. 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. Royal Bank Of Canada reiterated a hold rating on shares of Antero Resources in a research note on Monday, October 23rd. Finally, Cowen set a $25.00 target price on shares of Antero Resources and gave the stock a hold rating in a research report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Antero Resources presently has a consensus rating of Hold and an average price target of $27.50.
Antero Resources (NYSE:AR) traded up $0.03 during trading on Friday, reaching $18.23. 3,286,622 shares of the company’s stock traded hands, compared to its average volume of 3,090,111. The firm has a market cap of $5,744.51, a price-to-earnings ratio of 95.79 and a beta of 0.94. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54. Antero Resources has a 1 year low of $17.89 and a 1 year high of $27.23.
Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, November 1st. The oil and natural gas company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ 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 quarter in the prior year, the company posted $0.18 EPS. research analysts expect that Antero Resources will post -0.09 EPS for the current fiscal year.
In related news, insider Kevin J. Kilstrom sold 82,760 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $19.99, for a total transaction of $1,654,372.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider K. Phil Yoo sold 10,865 shares of the company’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. Insiders own 9.20% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Toronto Dominion Bank boosted its holdings in shares of Antero Resources by 244.3% during the 3rd quarter. Toronto Dominion Bank now owns 9,326 shares of the oil and natural gas company’s stock worth $186,000 after buying an additional 6,617 shares during the period. Balasa Dinverno & Foltz LLC bought a new stake in shares of Antero Resources during the 3rd quarter worth $211,000. SG Americas Securities LLC bought a new stake in shares of Antero Resources during the 2nd quarter worth $215,000. Linscomb & Williams Inc. bought a new stake in shares of Antero Resources during the 2nd quarter worth $220,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Antero Resources by 22.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 10,353 shares of the oil and natural gas company’s stock worth $223,000 after buying an additional 1,891 shares during the period. 97.02% 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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