Q3 2017 Earnings Forecast for Antero Resources Corporation Issued By KeyCorp (AR)
Antero Resources Corporation (NYSE:AR) – KeyCorp increased their Q3 2017 earnings per share estimates for shares of Antero Resources Corporation in a research report issued on Wednesday. KeyCorp analyst D. Deckelbaum now forecasts that the oil and natural gas company will post earnings per share of $0.06 for the quarter, up from their previous estimate of $0.02. KeyCorp currently has a “Buy” rating and a $33.00 target price on the stock. KeyCorp also issued estimates for Antero Resources Corporation’s Q4 2017 earnings at $0.14 EPS, FY2017 earnings at $0.18 EPS and FY2018 earnings at $0.64 EPS.
Antero Resources Corporation (NYSE:AR) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). The business had revenue of $736.00 million during the quarter, compared to the consensus estimate of $778.55 million. Antero Resources Corporation had a return on equity of 1.44% and a net margin of 0.48%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 earnings per share. COPYRIGHT VIOLATION NOTICE: “Q3 2017 Earnings Forecast for Antero Resources Corporation Issued By KeyCorp (AR)” was first posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.watchlistnews.com/q3-2017-earnings-forecast-for-antero-resources-corporation-issued-by-keycorp-ar/1650445.html.
A number of other research firms have also recently issued reports on AR. Scotiabank set a $27.00 price objective on Antero Resources Corporation and gave the company a “buy” rating in a research report on Saturday, July 1st. Cowen and Company reiterated a “hold” rating and set a $25.00 target price on shares of Antero Resources Corporation in a research note on Tuesday, September 12th. Robert W. Baird reiterated a “buy” rating and set a $38.00 target price on shares of Antero Resources Corporation in a research note on Sunday, September 10th. Citigroup Inc. lowered their target price 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. Finally, ValuEngine lowered Antero Resources Corporation from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $28.42.
Antero Resources Corporation (AR) opened at 19.08 on Monday. The firm has a 50-day moving average price of $20.06 and a 200 day moving average price of $20.65. Antero Resources Corporation has a 12 month low of $18.23 and a 12 month high of $27.85. The company has a market capitalization of $6.02 billion, a P/E ratio of 443.72 and a beta of 0.96.
In other Antero Resources Corporation news, insider K. Phil Yoo sold 3,785 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $20.55, for a total value of $77,781.75. The sale was disclosed in a filing with the SEC, which is available at this link. 9.20% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the business. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in shares of Antero Resources Corporation by 268.2% during 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 acquiring an additional 5,900 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Antero Resources Corporation during the 1st quarter valued at $204,000. Sei Investments Co. boosted its holdings in shares of Antero Resources Corporation by 174.6% during 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 acquiring an additional 5,855 shares in the last quarter. Balasa Dinverno & Foltz LLC acquired a new stake in shares of Antero Resources Corporation during the 3rd quarter valued at $211,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Antero Resources Corporation during the 1st quarter valued at $212,000. 93.67% of the stock is currently owned by hedge funds and other 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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