Brokers Set Expectations for Antero Resources Corp’s Q1 2018 Earnings (AR)
Antero Resources Corp (NYSE:AR) – Stock analysts at Jefferies Group issued their Q1 2018 EPS estimates for Antero Resources in a research report issued on Monday. Jefferies Group analyst M. Lear forecasts that the oil and natural gas company will post earnings per share of $0.23 for the quarter. Jefferies Group currently has a “Hold” rating and a $23.00 target price on the stock. Jefferies Group also issued estimates for Antero Resources’ Q2 2018 earnings at $0.13 EPS, Q3 2018 earnings at $0.17 EPS, Q4 2018 earnings at $0.18 EPS and FY2018 earnings at $0.71 EPS.
Several other brokerages have also recently weighed in on AR. Zacks Investment Research cut Antero Resources from a “buy” rating to a “hold” rating in a research note on Monday, March 5th. BMO Capital Markets reissued a “buy” rating on shares of Antero Resources in a research note on Wednesday, January 24th. Robert W. Baird reissued a “buy” rating and issued a $28.00 target price on shares of Antero Resources in a research note on Wednesday, January 17th. ValuEngine cut Antero Resources from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, Raymond James Financial cut Antero Resources from a “strong-buy” rating to an “outperform” rating and set a $24.00 target price on the stock. in a research note on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Antero Resources presently has a consensus rating of “Hold” and a consensus price target of $24.13.
Several large investors have recently made changes to their positions in the company. Twin Tree Management LP bought a new position in Antero Resources in the fourth quarter valued at about $143,000. Toronto Dominion Bank lifted its holdings in Antero Resources by 244.3% in the third 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 during the period. James Hambro & Partners bought a new position in Antero Resources in the fourth quarter valued at about $190,000. SG Americas Securities LLC bought a new position in Antero Resources in the fourth quarter valued at about $191,000. Finally, American International Group Inc. lifted its holdings in Antero Resources by 76.4% in the fourth quarter. American International Group Inc. now owns 11,873 shares of the oil and natural gas company’s stock valued at $226,000 after acquiring an additional 5,141 shares during the period. 94.31% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider K. Phil Yoo sold 2,500 shares of the company’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $20.00, for a total transaction of $50,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 9.20% of the company’s stock.
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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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