Antero Resources Corp. (NYSE:AR) was upgraded by equities researchers at Deutsche Bank AG from a “hold” rating to a “buy” rating in a report issued on Monday. The brokerage presently has a $30.00 target price on the stock, up from their previous target price of $27.00. Deutsche Bank AG’s price objective suggests a potential upside of 19.95% from the company’s previous close.

A number of other equities analysts have also recently weighed in on AR. Zacks Investment Research cut Antero Resources Corp. from a “buy” rating to a “hold” rating in a report on Thursday, October 27th. TheStreet raised Antero Resources Corp. from a “sell” rating to a “hold” rating in a research note on Monday, October 31st. Jefferies Group reaffirmed a “hold” rating and issued a $29.00 price target on shares of Antero Resources Corp. in a research note on Wednesday, October 19th. Morgan Stanley set a $39.00 price target on Antero Resources Corp. and gave the stock a “hold” rating in a research note on Thursday, August 11th. Finally, Susquehanna raised Antero Resources Corp. from a “neutral” rating to a “positive” rating and set a $35.00 price target on the stock in a research note on Friday, October 28th. Nine investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $32.07.

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

Antero Resources Corp. (NYSE:AR) opened at 25.01 on Monday. The company’s market capitalization is $7.85 billion. The firm’s 50 day moving average price is $26.09 and its 200-day moving average price is $26.76. Antero Resources Corp. has a 12-month low of $18.50 and a 12-month high of $30.66.

Antero Resources Corp. (NYSE:AR) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.06. The firm earned $1.44 billion during the quarter, compared to the consensus estimate of $695.90 million. Antero Resources Corp. had a return on equity of 1.73% and a net margin of 15.72%. The company’s revenue for the quarter was up 29.3% on a year-over-year basis. During the same quarter last year, the company posted $0.05 EPS. On average, equities analysts anticipate that Antero Resources Corp. will post $0.67 earnings per share for the current fiscal year.

In related news, Director Richard W. Connor bought 4,000 shares of the company’s stock in a transaction on Tuesday, November 1st. The shares were acquired at an average cost of $26.04 per share, with a total value of $104,160.00. Following the completion of the acquisition, the director now owns 14,275 shares of the company’s stock, valued at approximately $371,721. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 10.80% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Cohen & Steers Inc. acquired a new position in shares of Antero Resources Corp. during the second quarter worth about $187,000. Ameritas Investment Partners Inc. acquired a new position in shares of Antero Resources Corp. during the second quarter worth about $113,000. Metropolitan Life Insurance Co. NY increased its position in shares of Antero Resources Corp. by 138.8% in the second quarter. Metropolitan Life Insurance Co. NY now owns 4,853 shares of the company’s stock worth $126,000 after buying an additional 2,821 shares during the last quarter. Shell Asset Management Co. increased its position in shares of Antero Resources Corp. by 18.7% in the second quarter. Shell Asset Management Co. now owns 4,946 shares of the company’s stock worth $128,000 after buying an additional 779 shares during the last quarter. Finally, Deprince Race & Zollo Inc. acquired a new position in shares of Antero Resources Corp. during the third quarter worth about $202,000. 86.08% of the stock is currently owned by institutional investors and hedge funds.

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

5 Day Chart for NYSE:AR

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