Antero Resources Corporation (NYSE:AR) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Friday.

Several other equities research analysts have also issued reports on AR. Scotiabank set a $27.00 price target on shares of Antero Resources Corporation and gave the company a “buy” rating in a report on Saturday, July 1st. BMO Capital Markets set a $24.00 price target on shares of Antero Resources Corporation and gave the company a “buy” rating in a report on Thursday, August 10th. Barclays PLC decreased their price target on shares of Antero Resources Corporation from $25.00 to $23.00 and set an “overweight” rating on the stock in a report on Tuesday, August 8th. Capital One Financial Corporation reaffirmed an “overweight” rating on shares of Antero Resources Corporation in a report on Thursday, August 3rd. Finally, Wolfe Research lowered shares of Antero Resources Corporation from an “outperform” rating to a “market perform” rating in a report on Thursday, June 15th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Antero Resources Corporation currently has a consensus rating of “Buy” and an average price target of $29.07.

Shares of Antero Resources Corporation (AR) traded down 0.35% during trading on Friday, reaching $19.69. The company’s stock had a trading volume of 91,854 shares. Antero Resources Corporation has a 1-year low of $18.23 and a 1-year high of $28.30. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 457.91 and a beta of 0.95. The company’s 50-day moving average price is $20.21 and its 200 day moving average price is $21.87.

Antero Resources Corporation (NYSE:AR) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.01. The company had revenue of $736 million for the quarter, compared to the consensus estimate of $778.55 million. Antero Resources Corporation had a net margin of 0.48% and a return on equity of 1.44%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the firm posted $0.14 earnings per share. Analysts anticipate that Antero Resources Corporation will post $0.30 EPS for the current year.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. Daiwa Securities Group Inc. increased its position in shares of Antero Resources Corporation by 29.4% in the first quarter. Daiwa Securities Group Inc. now owns 4,400 shares of the oil and natural gas company’s stock worth $100,000 after buying an additional 1,000 shares during the period. First Quadrant L P CA purchased a new position in shares of Antero Resources Corporation during the first quarter worth about $141,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in shares of Antero Resources Corporation by 268.2% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,100 shares of the oil and natural gas company’s stock worth $185,000 after buying an additional 5,900 shares during the period. Nomura Holdings Inc. purchased a new position in shares of Antero Resources Corporation during the first quarter worth about $204,000. Finally, Bourgeon Capital Management LLC purchased a new position in shares of Antero Resources Corporation during the first quarter worth about $206,000. Hedge funds and other institutional investors own 92.68% of the company’s stock.

About Antero Resources Corporation

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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