Shares of Antero Resources Corp (NYSE:AR) dropped 7.9% during trading on Monday . The stock traded as low as $2.66 and last traded at $2.67, approximately 13,497,176 shares changed hands during mid-day trading. An increase of 61% from the average daily volume of 8,381,392 shares. The stock had previously closed at $2.90.

AR has been the subject of several research reports. JPMorgan Chase & Co. initiated coverage on shares of Antero Resources in a research report on Thursday, October 3rd. They issued an “underweight” rating for the company. Morgan Stanley downgraded shares of Antero Resources from an “equal” rating to a “weight” rating and reduced their price target for the company from $3.25 to $1.50 in a research report on Friday, October 4th. Canaccord Genuity reiterated an “average” rating and issued a $3.50 price target on shares of Antero Resources in a research report on Wednesday, June 26th. Goldman Sachs Group downgraded shares of Antero Resources from a “buy” rating to a “neutral” rating in a research report on Friday, September 6th. Finally, TD Securities reduced their price target on shares of Antero Resources from $9.00 to $7.50 and set a “buy” rating for the company in a research report on Friday, August 2nd. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company’s stock. Antero Resources presently has a consensus rating of “Hold” and an average target price of $10.40.

The company has a market cap of $760.69 million, a PE ratio of 3.19 and a beta of 0.79. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.58 and a current ratio of 0.58. The stock’s 50-day simple moving average is $3.37 and its 200 day simple moving average is $5.67.

Antero Resources (NYSE:AR) last announced its quarterly earnings data on Wednesday, July 31st. The oil and natural gas company reported ($0.23) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($0.08). The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Antero Resources had a positive return on equity of 2.99% and a negative net margin of 4.91%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS. On average, sell-side analysts predict that Antero Resources Corp will post -0.35 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in AR. Grantham Mayo Van Otterloo & Co. LLC purchased a new position in Antero Resources during the 2nd quarter worth $60,408,000. Renaissance Technologies LLC grew its stake in shares of Antero Resources by 435.1% during the 2nd quarter. Renaissance Technologies LLC now owns 6,312,201 shares of the oil and natural gas company’s stock worth $34,906,000 after purchasing an additional 5,132,465 shares during the period. Nuveen Asset Management LLC grew its stake in shares of Antero Resources by 727.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 3,568,894 shares of the oil and natural gas company’s stock worth $19,737,000 after purchasing an additional 3,137,781 shares during the period. DDD Partners LLC acquired a new position in shares of Antero Resources during the 2nd quarter worth $7,224,000. Finally, Parametric Portfolio Associates LLC grew its stake in shares of Antero Resources by 265.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,707,178 shares of the oil and natural gas company’s stock worth $9,441,000 after purchasing an additional 1,239,685 shares during the period. Institutional investors own 95.07% of the company’s stock.

Antero Resources Company Profile (NYSE:AR)

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.

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