Antero Resources Corp (NYSE:AR) Given Average Recommendation of “Hold” by Brokerages
Shares of Antero Resources Corp (NYSE:AR) have earned an average rating of “Hold” from the twenty analysts that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $13.48.
A number of equities analysts recently issued reports on AR shares. Capital One Financial upgraded Antero Resources from an “underweight” rating to an “equal weight” rating in a report on Tuesday, June 18th. Morgan Stanley set a $207.00 price objective on Alibaba Group and gave the company a “buy” rating in a report on Friday, July 12th. Zacks Investment Research cut Farmland Partners from a “hold” rating to a “sell” rating in a report on Friday, July 12th. Stifel Nicolaus set a $17.00 price objective on Antero Resources and gave the company a “buy” rating in a report on Friday, March 22nd. Finally, Macquarie started coverage on Antero Resources in a report on Wednesday, May 29th. They set an “underperform” rating and a $5.50 price objective for the company.
In other news, insider Glen C. Warren, Jr. bought 25,000 shares of the stock in a transaction on Wednesday, May 22nd. The stock was acquired at an average cost of $6.93 per share, for a total transaction of $173,250.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paul M. Rady bought 7,200 shares of the stock in a transaction on Friday, May 24th. The stock was purchased at an average price of $6.90 per share, with a total value of $49,680.00. The disclosure for this purchase can be found here. Insiders acquired a total of 48,050 shares of company stock valued at $330,062 over the last quarter. Company insiders own 9.70% of the company’s stock.
NYSE:AR traded up $0.19 during trading hours on Friday, reaching $4.91. The stock had a trading volume of 13,480,739 shares, compared to its average volume of 8,783,544. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.43 and a quick ratio of 0.43. Antero Resources has a 52 week low of $4.57 and a 52 week high of $21.61. The company’s 50 day moving average price is $5.68. The company has a market capitalization of $1.52 billion, a PE ratio of 6.38, a PEG ratio of 0.79 and a beta of 0.74.
Antero Resources (NYSE:AR) last released its earnings results on Wednesday, May 1st. The oil and natural gas company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.05). The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.24 billion. Antero Resources had a negative net margin of 9.58% and a positive return on equity of 3.70%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 EPS. Sell-side analysts anticipate that Antero Resources will post 0.3 EPS for the current fiscal year.
About Antero Resources
Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.
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