Jefferies Group LLC started coverage on shares of Antero Resources Corporation (NYSE:AR) in a report issued on Monday morning, MarketBeat.com reports. The firm issued a hold rating and a $21.00 target price on the oil and natural gas company’s stock.

Several other brokerages have also commented on AR. BidaskClub upgraded shares of Antero Resources Corporation from a strong sell rating to a sell rating in a research note on Tuesday, June 13th. Cowen and Company set a $25.00 price target on shares of Antero Resources Corporation and gave the company a hold rating in a research note on Tuesday, July 18th. Wolfe Research lowered shares of Antero Resources Corporation from an outperform rating to a market perform rating in a research note on Thursday, June 15th. Scotiabank set a $27.00 price target on shares of Antero Resources Corporation and gave the company a buy rating in a research note on Saturday, July 1st. Finally, Zacks Investment Research upgraded shares of 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 Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $28.78.

Antero Resources Corporation (NYSE:AR) traded down 1.39% on Monday, hitting $19.93. 85,023 shares of the stock were exchanged. The company has a 50-day moving average of $20.04 and a 200 day moving average of $20.85. The firm has a market cap of $6.29 billion, a P/E ratio of 463.49 and a beta of 0.96. Antero Resources Corporation has a 12 month low of $18.23 and a 12 month high of $28.10.

Antero Resources Corporation (NYSE:AR) last issued its earnings results on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). The firm had revenue of $736.00 million during the quarter, compared to analyst estimates of $778.55 million. Antero Resources Corporation had a net margin of 0.48% and a return on equity of 1.44%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same period last year, the business earned $0.14 EPS. Equities research analysts expect that Antero Resources Corporation will post $0.31 earnings per share for the current fiscal year.

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In other news, insider K. Phil Yoo sold 3,785 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $20.55, for a total transaction of $77,781.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 9.20% of the company’s stock.

A number of large investors have recently bought and sold shares of AR. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in Antero Resources Corporation by 268.2% in the 1st 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 during the last quarter. Nomura Holdings Inc. purchased a new position in Antero Resources Corporation in the 1st quarter valued at $204,000. Sei Investments Co. grew its position in Antero Resources Corporation by 174.6% in the 1st quarter. Sei Investments Co. now owns 9,209 shares of the oil and natural gas company’s stock valued at $210,000 after buying an additional 5,855 shares during the last quarter. HighTower Advisors LLC purchased a new position in Antero Resources Corporation in the 1st quarter valued at $212,000. Finally, TD Asset Management Inc. grew its position in Antero Resources Corporation by 4.4% in the 1st quarter. TD Asset Management Inc. now owns 9,411 shares of the oil and natural gas company’s stock valued at $215,000 after buying an additional 400 shares during the last quarter. Hedge funds and other institutional investors 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.

Analyst Recommendations for Antero Resources Corporation (NYSE:AR)

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