KeyCorp Analysts Lower Earnings Estimates for Antero Resources Corporation (AR)
Antero Resources Corporation (NYSE:AR) – Research analysts at KeyCorp cut their FY2017 EPS estimates for shares of Antero Resources Corporation in a note issued to investors on Tuesday. KeyCorp analyst D. Deckelbaum now forecasts that the oil and natural gas company will post earnings of $0.00 per share for the year, down from their previous forecast of $0.02. KeyCorp currently has a “Buy” rating and a $33.00 target price on the stock.
A number of other brokerages also recently issued reports on AR. Scotiabank set a $26.00 price target on Antero Resources Corporation and gave the company a “buy” rating in a research report on Tuesday, August 22nd. Cowen Inc restated a “hold” rating and issued a $25.00 target price on shares of Antero Resources Corporation in a research report on Tuesday, September 12th. Robert W. Baird restated a “buy” rating and issued a $38.00 target price on shares of Antero Resources Corporation in a research report on Sunday, September 10th. ValuEngine downgraded Antero Resources Corporation from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Finally, BidaskClub upgraded Antero Resources Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $27.44.
Shares of Antero Resources Corporation (AR) opened at $18.59 on Thursday. The stock has a market capitalization of $5,962.30, a PE ratio of 99.42 and a beta of 0.95. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54. Antero Resources Corporation has a 12-month low of $17.89 and a 12-month high of $27.23.
Antero Resources Corporation (NYSE:AR) last announced its quarterly earnings data on Wednesday, November 1st. The oil and natural gas company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The firm had revenue of $775.30 million during the quarter, compared to analysts’ expectations of $798.88 million. Antero Resources Corporation had a positive return on equity of 0.78% and a negative net margin of 12.82%. During the same period last year, the business posted $0.18 EPS.
In other Antero Resources Corporation news, insider K. Phil Yoo sold 10,865 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $19.25, for a total value of $209,151.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kevin J. Kilstrom sold 82,760 shares of the business’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 disclosure for this sale can be found here. 9.20% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in AR. Toronto Dominion Bank lifted its holdings in shares of Antero Resources Corporation by 244.3% during 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 purchasing an additional 6,617 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Antero Resources Corporation during the second quarter valued at $215,000. Linscomb & Williams Inc. bought a new position in shares of Antero Resources Corporation during the second quarter valued at $220,000. PNC Financial Services Group Inc. lifted its holdings in shares of Antero Resources Corporation by 22.3% during the second quarter. PNC Financial Services Group Inc. now owns 10,353 shares of the oil and natural gas company’s stock valued at $223,000 after purchasing an additional 1,891 shares in the last quarter. Finally, Balasa Dinverno & Foltz LLC bought a new position in shares of Antero Resources Corporation during the third quarter valued at $211,000. 94.24% of the stock is currently owned by institutional investors and hedge funds.
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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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