Weiss Ratings Reaffirms Hold (C-) Rating for Antero Resources (NYSE:AR)

Antero Resources (NYSE:AR)‘s stock had its “hold (c-)” rating restated by equities researchers at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

AR has been the topic of a number of other research reports. Scotiabank reissued an “outperform” rating on shares of Antero Resources in a research report on Wednesday, August 13th. Citigroup upgraded shares of Antero Resources from a “neutral” rating to a “buy” rating and increased their price objective for the company from $37.00 to $39.00 in a research note on Tuesday, September 23rd. Mizuho reduced their price objective on shares of Antero Resources from $49.00 to $41.00 and set an “outperform” rating for the company in a research note on Monday, September 15th. Wells Fargo & Company set a $39.00 target price on Antero Resources and gave the company an “equal weight” rating in a research report on Tuesday, July 15th. Finally, Jefferies Financial Group reduced their price target on Antero Resources from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.31.

Antero Resources Stock Down 1.6%

Shares of NYSE:AR opened at $33.60 on Wednesday. The business’s 50 day moving average is $32.55 and its 200 day moving average is $35.68. The stock has a market cap of $10.38 billion, a P/E ratio of 21.40 and a beta of 0.56. Antero Resources has a 52-week low of $25.36 and a 52-week high of $44.01. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.15.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.33). Antero Resources had a return on equity of 6.48% and a net margin of 10.13%.The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the prior year, the company posted ($0.21) earnings per share. Antero Resources’s quarterly revenue was up 32.6% compared to the same quarter last year. Sell-side analysts predict that Antero Resources will post 2.74 EPS for the current year.

Institutional Trading of Antero Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Chickasaw Capital Management LLC raised its stake in shares of Antero Resources by 10.5% during the 3rd quarter. Chickasaw Capital Management LLC now owns 10,540 shares of the oil and natural gas company’s stock valued at $354,000 after buying an additional 1,000 shares during the last quarter. Oak Thistle LLC grew its holdings in Antero Resources by 58.5% during the third quarter. Oak Thistle LLC now owns 45,911 shares of the oil and natural gas company’s stock worth $1,541,000 after acquiring an additional 16,937 shares during the period. Texas Permanent School Fund Corp raised its position in Antero Resources by 9.3% during the second quarter. Texas Permanent School Fund Corp now owns 337,664 shares of the oil and natural gas company’s stock valued at $13,601,000 after acquiring an additional 28,863 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its holdings in Antero Resources by 114.2% in the second quarter. Newbridge Financial Services Group Inc. now owns 938 shares of the oil and natural gas company’s stock valued at $38,000 after acquiring an additional 500 shares during the period. Finally, State of Wyoming purchased a new stake in Antero Resources in the 2nd quarter worth approximately $536,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

About Antero Resources

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.