Antero Resources (AR) Sets New 1-Year Low at $17.21
Antero Resources Corp (NYSE:AR) hit a new 52-week low on Thursday . The company traded as low as $17.21 and last traded at $17.17, with a volume of 1436621 shares changing hands. The stock had previously closed at $17.57.
A number of brokerages have weighed in on AR. Royal Bank of Canada reaffirmed a “hold” rating on shares of Antero Resources in a report on Monday, October 23rd. Robert W. Baird lowered their price objective on Antero Resources from $39.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, December 18th. Credit Suisse Group began coverage on Antero Resources in a report on Monday, December 11th. They issued a “neutral” rating and a $21.00 price objective on the stock. SunTrust Banks reaffirmed a “hold” rating and issued a $23.00 price objective on shares of Antero Resources in a report on Friday, December 8th. Finally, Raymond James Financial lowered Antero Resources from a “strong-buy” rating to an “outperform” rating and set a $24.00 price objective on the stock. in a report on Monday, January 29th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $25.28.
The stock has a market cap of $5,788.70, a P/E ratio of -15.07, a P/E/G ratio of 3.11 and a beta of 0.93. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.54.
A number of hedge funds have recently bought and sold shares of AR. Toronto Dominion Bank lifted its stake in Antero Resources by 244.3% in the 3rd quarter. Toronto Dominion Bank now owns 9,326 shares of the oil and natural gas company’s stock valued at $186,000 after buying an additional 6,617 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Antero Resources in the 4th quarter valued at approximately $191,000. Balasa Dinverno & Foltz LLC purchased a new stake in Antero Resources in the 3rd quarter valued at approximately $211,000. Linscomb & Williams Inc. purchased a new stake in Antero Resources in the 2nd quarter valued at approximately $220,000. Finally, PNC Financial Services Group Inc. lifted its stake in Antero Resources by 22.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 10,353 shares of the oil and natural gas company’s stock valued at $223,000 after buying an additional 1,891 shares in the last quarter. 96.95% of the stock is currently owned by hedge funds and other institutional investors.
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Antero Resources 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.
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