Jefferies Group LLC Analysts Give Antero Resources Corporation (AR) a $20.00 Price Target
Antero Resources Corporation (NYSE:AR) has been assigned a $20.00 price target by equities researchers at Jefferies Group LLC in a research report issued on Friday. The brokerage currently has a “hold” rating on the oil and natural gas company’s stock. Jefferies Group LLC’s target price would indicate a potential upside of 3.84% from the stock’s current price.
AR has been the topic of several other research reports. Citigroup Inc. decreased their price target on Antero Resources Corporation from $34.00 to $27.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Robert W. Baird reaffirmed a “buy” rating and issued a $38.00 price target on shares of Antero Resources Corporation in a research note on Sunday, September 10th. Morgan Stanley decreased their price target on Antero Resources Corporation from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 18th. Zacks Investment Research raised Antero Resources Corporation from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Friday, July 21st. Finally, KeyCorp reaffirmed a “buy” rating and issued a $33.00 price target on shares of Antero Resources Corporation in a research note on Sunday, September 3rd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $27.68.
Shares of Antero Resources Corporation (NYSE:AR) opened at $19.26 on Friday. 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 Corporation has a one year low of $17.89 and a one year high of $27.23. The firm has a market capitalization of $5,971.77, a PE ratio of 99.58 and a beta of 0.95.
Antero Resources Corporation (NYSE:AR) last released its earnings results on Wednesday, November 1st. The oil and natural gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). The business had revenue of $775.30 million during the quarter, compared to analyst estimates of $798.88 million. Antero Resources Corporation had a negative net margin of 12.82% and a positive return on equity of 0.78%. During the same period last year, the business earned $0.18 EPS. equities research analysts anticipate that Antero Resources Corporation will post -0.02 earnings per share for the current fiscal year.
In other Antero Resources Corporation news, insider Kevin J. Kilstrom sold 82,760 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was 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 SEC, which is available at this link. Corporate insiders own 9.20% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC acquired a new stake in shares of Antero Resources Corporation during the 1st quarter valued at $212,000. Toronto Dominion Bank boosted its holdings in shares of Antero Resources Corporation by 244.3% during the 3rd quarter. Toronto Dominion Bank now owns 9,326 shares of the oil and natural gas company’s stock valued at $186,000 after acquiring an additional 6,617 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Antero Resources Corporation during the 2nd quarter valued at $215,000. Linscomb & Williams Inc. bought a new position in Antero Resources Corporation during the 2nd quarter worth $220,000. Finally, PNC Financial Services Group Inc. raised its position in Antero Resources Corporation 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 purchasing an additional 1,891 shares during the last quarter. 93.55% of the stock is currently owned by institutional investors.
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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