Antero Resources Corp. (NYSE:AR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The brokerage currently has a $31.00 target price on the stock. Zacks Investment Research’s price target suggests a potential upside of 11.59% from the stock’s current price.

According to Zacks, “Antero Resources Corporation is an independent oil and natural gas company. It is primarily engaged in the exploitation, development and acquisition of unconventional oil and liquids-rich natural gas properties primarily located in the Appalachian Basin in West Virginia, Ohio and Pennsylvania. Antero Resources Corporation is headquartered in Denver, Colorado. “

Several other research analysts have also recently issued reports on AR. Vetr upgraded shares of Antero Resources Corp. from a “hold” rating to a “buy” rating and set a $29.14 target price on the stock in a report on Monday, June 13th. BMO Capital Markets restated a “buy” rating on shares of Antero Resources Corp. in a report on Monday, June 13th. Deutsche Bank AG cut their target price on shares of Antero Resources Corp. from $28.00 to $27.00 and set a “hold” rating on the stock in a report on Tuesday, June 14th. Credit Suisse Group AG restated an “outperform” rating and issued a $39.00 target price (up previously from $35.00) on shares of Antero Resources Corp. in a report on Tuesday, June 14th. Finally, Barclays PLC cut their target price on shares of Antero Resources Corp. from $29.00 to $28.00 and set an “overweight” rating on the stock in a report on Thursday, July 14th. Nine analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $31.40.

Analyst Recommendations for Antero Resources Corp. (NYSE:AR)

Shares of Antero Resources Corp. (NYSE:AR) traded down 2.16% during mid-day trading on Tuesday, reaching $27.18. 1,285,042 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $26.74 and a 200 day moving average of $26.91. The firm has a market capitalization of $8.35 billion, a P/E ratio of 83.89 and a beta of 1.09. Antero Resources Corp. has a one year low of $18.50 and a one year high of $30.66.

Antero Resources Corp. (NYSE:AR) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. Antero Resources Corp. had a net margin of 15.72% and a return on equity of 1.19%. The business had revenue of $376.70 million for the quarter, compared to analysts’ expectations of $676.46 million. During the same period last year, the business earned $0.06 earnings per share. On average, analysts forecast that Antero Resources Corp. will post $0.10 EPS for the current fiscal year.

In other Antero Resources Corp. news, insider Glen C. Warren, Jr. sold 1,000,000 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $27.38, for a total transaction of $27,380,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ward D. Mcneilly sold 28,037 shares of the firm’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $27.35, for a total value of $766,811.95. The disclosure for this sale can be found here. Company insiders own 10.80% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Zebra Capital Management LLC raised its position in shares of Antero Resources Corp. by 30.7% in the first quarter. Zebra Capital Management LLC now owns 47,453 shares of the company’s stock valued at $1,180,000 after buying an additional 11,149 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of Antero Resources Corp. during the first quarter valued at approximately $273,000. Aviva PLC raised its position in shares of Antero Resources Corp. by 1.5% in the first quarter. Aviva PLC now owns 28,859 shares of the company’s stock valued at $718,000 after buying an additional 416 shares in the last quarter. Menta Capital LLC purchased a new position in shares of Antero Resources Corp. during the first quarter valued at approximately $1,048,000. Finally, NN Investment Partners Holdings N.V. purchased a new position in shares of Antero Resources Corp. during the first quarter valued at approximately $563,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Antero Resources Corp. 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 compression; water handling and treatment, and marketing of excess firm transportation capacity.

5 Day Chart for NYSE:AR

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