Zacks Investment Research upgraded shares of Antero Resources Corporation (NYSE:AR) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning. The brokerage currently has $24.00 target price on the oil and natural gas company’s stock.

According to Zacks, “Antero Resources Corporation is an independent oil and natural gas company. It is primarily engaged in the exploitation, development and acquisition of unconventional oil and liquids-rich natural gas properties primarily located in the Appalachian Basin in West Virginia, Ohio and Pennsylvania. Antero Resources Corporation is headquartered in Denver, Colorado. “

Other research analysts also recently issued reports about the company. Scotiabank set a $27.00 price objective on Antero Resources Corporation and gave the company a buy rating in a research note on Saturday, July 1st. BidaskClub raised Antero Resources Corporation from a sell rating to a hold rating in a research note on Wednesday, June 28th. Wolfe Research downgraded Antero Resources Corporation from an outperform rating to a market perform rating in a research note on Thursday, June 15th. ValuEngine downgraded Antero Resources Corporation from a hold rating to a sell rating in a research note on Friday, June 2nd. Finally, BMO Capital Markets reissued a buy rating and issued a $26.00 price objective on shares of Antero Resources Corporation in a research note on Thursday, June 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of Buy and an average price target of $31.91.

Antero Resources Corporation (NYSE:AR) traded down 0.05% during trading on Tuesday, reaching $21.97. The company’s stock had a trading volume of 708,832 shares. The firm has a 50 day moving average price of $21.11 and a 200-day moving average price of $23.13. The stock’s market cap is $6.93 billion. Antero Resources Corporation has a 52-week low of $19.51 and a 52-week high of $28.30.

Antero Resources Corporation (NYSE:AR) last announced its earnings results on Monday, May 8th. The oil and natural gas company reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.17. The company had revenue of $801.65 million for the quarter, compared to analyst estimates of $762.70 million. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.17 earnings per share. On average, analysts expect that Antero Resources Corporation will post $0.51 earnings per share for the current year.

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In other news, insider Paul M. Rady acquired 500,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The shares were acquired at an average price of $21.11 per share, for a total transaction of $10,555,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ward D. Mcneilly sold 24,000 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $22.05, for a total value of $529,200.00. The disclosure for this sale can be found here. 10.80% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of AR. Daiwa Securities Group Inc. increased its stake in Antero Resources Corporation by 29.4% in the first quarter. Daiwa Securities Group Inc. now owns 4,400 shares of the oil and natural gas company’s stock valued at $100,000 after buying an additional 1,000 shares in the last quarter. First Quadrant L P CA bought a new stake in Antero Resources Corporation during the first quarter valued at about $141,000. Advisors Capital Management LLC bought a new stake in Antero Resources Corporation during the first quarter valued at about $156,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in Antero Resources Corporation by 268.2% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,100 shares of the oil and natural gas company’s stock valued at $185,000 after buying an additional 5,900 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new stake in Antero Resources Corporation during the first quarter valued at about $204,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Antero Resources Corporation Company Profile

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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Analyst Recommendations for Antero Resources Corporation (NYSE:AR)

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