BMO Capital Markets set a $24.00 target price on Antero Resources Corporation (NYSE:AR) in a research note issued to investors on Thursday morning. The brokerage currently has a buy rating on the oil and natural gas company’s stock.

AR has been the subject of several other reports. Capital One Financial Corporation reaffirmed an overweight rating on shares of Antero Resources Corporation in a research note on Thursday, August 3rd. Stifel Nicolaus reaffirmed a hold rating and issued a $25.00 price target on shares of Antero Resources Corporation in a research note on Friday, July 21st. Zacks Investment Research downgraded shares of Antero Resources Corporation from a strong-buy rating to a hold rating in a research note on Tuesday, May 2nd. BidaskClub downgraded shares of Antero Resources Corporation from a hold rating to a sell rating in a research note on Thursday, July 27th. Finally, Scotiabank set a $31.00 price target on shares of Antero Resources Corporation and gave the company a buy rating in a research note on Monday, May 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Antero Resources Corporation has a consensus rating of Buy and an average price target of $29.13.

Shares of Antero Resources Corporation (AR) traded down 0.32% during trading on Thursday, reaching $18.49. 2,720,507 shares of the company were exchanged. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 430.00 and a beta of 0.95. The stock’s 50-day moving average is $20.76 and its 200-day moving average is $22.28. Antero Resources Corporation has a 52-week low of $18.23 and a 52-week high of $28.30.

Antero Resources Corporation (NYSE:AR) last posted its quarterly earnings results on Wednesday, August 2nd. 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. Antero Resources Corporation had a net margin of 0.48% and a return on equity of 1.44%. The company had revenue of $736 million during the quarter, compared to the consensus estimate of $778.55 million. During the same period last year, the firm posted $0.14 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. Equities research analysts predict that Antero Resources Corporation will post $0.35 earnings per share for the current fiscal year.

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In related news, insider Ward D. Mcneilly sold 24,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $22.05, for a total transaction of $529,200.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider K. Phil Yoo sold 3,785 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $20.55, for a total transaction of $77,781.75. The disclosure for this sale can be found here. 10.80% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. OxFORD Asset Management LLP boosted its position in Antero Resources Corporation by 38.9% in the second quarter. OxFORD Asset Management LLP now owns 352,649 shares of the oil and natural gas company’s stock valued at $7,621,000 after buying an additional 98,804 shares during the period. Dimensional Fund Advisors LP boosted its position in Antero Resources Corporation by 95.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,071,000 shares of the oil and natural gas company’s stock valued at $44,753,000 after buying an additional 1,011,429 shares during the period. Parametric Portfolio Associates LLC boosted its position in Antero Resources Corporation by 6.9% in the second quarter. Parametric Portfolio Associates LLC now owns 208,103 shares of the oil and natural gas company’s stock valued at $4,497,000 after buying an additional 13,459 shares during the period. Nordea Investment Management AB boosted its position in Antero Resources Corporation by 25.0% in the second quarter. Nordea Investment Management AB now owns 385,088 shares of the oil and natural gas company’s stock valued at $8,322,000 after buying an additional 77,000 shares during the period. Finally, Old West Investment Management LLC purchased a new position in Antero Resources Corporation during the second quarter valued at $5,359,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Antero Resources Corporation 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 processing; water handling and treatment, and marketing of excess firm transportation capacity.

Analyst Recommendations for Antero Resources Corporation (NYSE:AR)

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