Antero Resources Corporation (AR) Given a $25.00 Price Target at Cowen and Company
Cowen and Company set a $25.00 target price on Antero Resources Corporation (NYSE:AR) in a report issued on Wednesday morning. The brokerage currently has a hold rating on the oil and natural gas company’s stock.
Several other analysts also recently issued reports on the company. Morgan Stanley dropped their target price on Antero Resources Corporation from $23.00 to $22.00 and set an equal weight rating for the company in a research note on Wednesday. Robert W. Baird set a $38.00 target price on Antero Resources Corporation and gave the company a buy rating in a research note on Thursday, October 12th. Jefferies Group LLC began coverage on Antero Resources Corporation in a research note on Monday, October 9th. They issued a hold rating and a $21.00 target price for the company. Stifel Nicolaus set a $21.00 target price on Antero Resources Corporation and gave the company a hold rating in a research note on Thursday, October 5th. Finally, Boenning Scattergood lowered Antero Resources Corporation from an outperform rating to a sector perform rating and set a $26.00 target price for the company. in a research note on Saturday, September 23rd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $28.42.
Shares of Antero Resources Corporation (NYSE AR) traded down 0.66% during midday trading on Wednesday, reaching $19.59. 1,981,025 shares of the company’s stock traded hands. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of 455.58 and a beta of 0.96. The company has a 50-day moving average of $20.08 and a 200-day moving average of $20.75. Antero Resources Corporation has a one year low of $18.23 and a one year high of $28.10.
Antero Resources Corporation (NYSE:AR) last posted its earnings results on Wednesday, August 2nd. 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 firm had revenue of $736.00 million for the quarter, compared to analysts’ expectations of $778.55 million. Antero Resources Corporation had a return on equity of 1.44% and a net margin of 0.48%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 earnings per share. Equities research analysts anticipate that Antero Resources Corporation will post $0.32 EPS for the current year.
In other Antero Resources Corporation news, insider K. Phil Yoo sold 3,785 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $20.55, for a total transaction of $77,781.75. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 9.20% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd increased its position in Antero Resources Corporation by 3.1% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 46,145 shares of the oil and natural gas company’s stock valued at $997,000 after acquiring an additional 1,368 shares during the period. Public Employees Retirement System of Ohio increased its position in Antero Resources Corporation by 27.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 108,429 shares of the oil and natural gas company’s stock valued at $2,343,000 after acquiring an additional 23,090 shares during the period. Kingfisher Capital LLC increased its position in Antero Resources Corporation by 2.3% in the 2nd quarter. Kingfisher Capital LLC now owns 45,361 shares of the oil and natural gas company’s stock valued at $980,000 after acquiring an additional 1,034 shares during the period. Linscomb & Williams Inc. acquired a new stake in Antero Resources Corporation in the 2nd quarter valued at approximately $220,000. Finally, Nomura Holdings Inc. increased its position in Antero Resources Corporation by 119.0% in the 2nd quarter. Nomura Holdings Inc. now owns 19,627 shares of the oil and natural gas company’s stock valued at $424,000 after acquiring an additional 10,666 shares during the period. Institutional investors and hedge funds own 93.59% of the company’s stock.
About Antero Resources Corporation
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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