Antero Resources Corp. to Post Q4 2016 Earnings of $0.16 Per Share, KeyCorp Forecasts (AR)
Antero Resources Corp. (NYSE:AR) – Research analysts at KeyCorp lifted their Q4 2016 earnings per share estimates for Antero Resources Corp. in a report issued on Tuesday. KeyCorp analyst D. Deckelbaum now expects that the brokerage will earn $0.16 per share for the quarter, up from their prior forecast of $0.15.
AR has been the topic of several other research reports. GMP Securities initiated coverage on shares of Antero Resources Corp. in a research note on Wednesday, September 28th. They issued a “hold” rating and a $29.00 target price on the stock. Deutsche Bank AG raised shares of Antero Resources Corp. from a “hold” rating to a “buy” rating and raised their price target for the stock from $27.00 to $30.00 in a research note on Monday. Susquehanna raised shares of 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. Zacks Investment Research raised shares of Antero Resources Corp. from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Tuesday, October 11th. Finally, TheStreet raised shares of Antero Resources Corp. from a “sell” rating to a “hold” rating in a research note on Monday, October 31st. Nine equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Antero Resources Corp. currently has an average rating of “Buy” and a consensus target price of $32.07.
Antero Resources Corp. (NYSE:AR) opened at 25.04 on Wednesday. The stock’s market capitalization is $7.86 billion. Antero Resources Corp. has a one year low of $18.50 and a one year high of $30.66. The firm has a 50-day moving average of $26.03 and a 200 day moving average of $26.74.
Antero Resources Corp. (NYSE:AR) last issued its earnings results on Wednesday, October 26th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.06. The business earned $1.44 billion during the quarter, compared to analysts’ expectations of $695.90 million. Antero Resources Corp. had a net margin of 15.72% and a return on equity of 1.73%. The business’s revenue for the quarter was up 29.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.05 earnings per share.
A number of institutional investors have recently bought and sold shares of AR. Harvest Fund Advisors LLC acquired a new position in Antero Resources Corp. during the second quarter worth about $75,537,000. Carnick & Kubik Group LLC acquired a new position in Antero Resources Corp. during the second quarter worth about $21,613,000. Cohen & Steers Inc. acquired a new position in Antero Resources Corp. during the second quarter worth about $2,229,000. British Columbia Investment Management Corp raised its position in Antero Resources Corp. by 13.7% in the second quarter. British Columbia Investment Management Corp now owns 50,244 shares of the company’s stock worth $1,305,000 after buying an additional 6,067 shares in the last quarter. Finally, Hilton Capital Management LLC acquired a new position in Antero Resources Corp. during the second quarter worth about $666,000. 86.08% of the stock is owned by institutional investors.
In other Antero Resources Corp. news, Director Richard W. Connor purchased 4,000 shares of Antero Resources Corp. stock in a transaction on Tuesday, November 1st. The stock was bought at an average cost of $26.04 per share, with a total value of $104,160.00. Following the transaction, the director now owns 14,275 shares of the company’s stock, valued at approximately $371,721. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 10.80% of the company’s stock.
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.
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