SunTrust Banks, Inc. Reaffirms “Hold” Rating for Antero Resources Corp (AR)
Antero Resources Corp (NYSE:AR)‘s stock had its “hold” rating restated by analysts at SunTrust Banks, Inc. in a research note issued to investors on Friday. They presently have a $22.00 target price on the oil and natural gas company’s stock. SunTrust Banks, Inc.’s target price suggests a potential upside of 14.35% from the company’s previous close.
A number of other research firms have also recently commented on AR. KeyCorp reiterated a “buy” rating and set a $33.00 target price on shares of Antero Resources Corp in a research note on Sunday, September 3rd. Scotiabank set a $26.00 target price on Antero Resources Corp and gave the stock a “buy” rating in a research note on Tuesday, August 22nd. Cowen and Company reiterated a “hold” rating and set a $25.00 target price on shares of Antero Resources Corp 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 Corp in a research note on Sunday, September 10th. Finally, Citigroup Inc lowered their price objective on Antero Resources Corp from $34.00 to $27.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Antero Resources Corp presently has a consensus rating of “Buy” and a consensus price target of $27.74.
Antero Resources Corp (NYSE:AR) opened at $19.24 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.06 and a current ratio of 0.85. Antero Resources Corp has a 52 week low of $17.89 and a 52 week high of $27.23. The firm has a market capitalization of $6.07 billion, a price-to-earnings ratio of 99.47 and a beta of 0.95.
Antero Resources Corp (NYSE:AR) last issued 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 company had revenue of $775.30 million for the quarter, compared to the consensus estimate of $798.88 million. Antero Resources Corp had a negative net margin of 12.82% and a positive return on equity of 0.78%. During the same quarter last year, the business posted $0.18 earnings per share. equities research analysts anticipate that Antero Resources Corp will post -0.02 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of AR. Balasa Dinverno & Foltz LLC bought a new stake in Antero Resources Corp in the 3rd quarter worth approximately $211,000. HighTower Advisors LLC bought a new stake in Antero Resources Corp in the 1st quarter worth approximately $212,000. SG Americas Securities LLC bought a new stake in Antero Resources Corp in the 2nd quarter worth approximately $215,000. Linscomb & Williams Inc. bought a new stake in Antero Resources Corp in the 2nd quarter worth approximately $220,000. Finally, PNC Financial Services Group Inc. lifted its position in Antero Resources Corp by 22.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 10,353 shares of the oil and natural gas company’s stock worth $223,000 after buying an additional 1,891 shares during the last quarter. 93.66% of the stock is owned by institutional investors.
About Antero Resources Corp
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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