Shares of Antero Resources Corp (NYSE:AR) traded down 4.8% on Thursday . The company traded as low as $3.88 and last traded at $3.73, 438,392 shares were traded during mid-day trading. A decline of 96% from the average session volume of 10,462,901 shares. The stock had previously closed at $3.92.

A number of analysts have weighed in on the company. TD Securities reduced their target price on Antero Resources from $9.00 to $7.50 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Capital One Financial upgraded Antero Resources from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, June 18th. Macquarie upgraded Antero Resources from an “underperform” rating to a “neutral” rating in a research note on Friday, August 2nd. They noted that the move was a valuation call. Canaccord Genuity reiterated an “average” rating and issued a $3.50 target price on shares of Antero Resources in a research note on Wednesday, June 26th. Finally, Guggenheim set a $10.00 target price on Antero Resources and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. Antero Resources presently has an average rating of “Hold” and a consensus target price of $11.48.

The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.78. The business has a 50-day moving average price of $3.68 and a 200-day moving average price of $6.21. The firm has a market cap of $1.33 billion, a P/E ratio of 4.94 and a beta of 0.79.

Antero Resources (NYSE:AR) last posted its quarterly earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.08). Antero Resources had a positive return on equity of 2.99% and a negative net margin of 4.91%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the company posted $0.02 EPS. Antero Resources’s quarterly revenue was up .1% compared to the same quarter last year. On average, equities analysts anticipate that Antero Resources Corp will post -0.33 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Treasurer of the State of North Carolina grew its position in shares of Antero Resources by 21.6% during the 2nd quarter. Treasurer of the State of North Carolina now owns 129,911 shares of the oil and natural gas company’s stock worth $718,000 after buying an additional 23,040 shares in the last quarter. Magnetar Financial LLC boosted its position in Antero Resources by 41.2% during the second quarter. Magnetar Financial LLC now owns 145,933 shares of the oil and natural gas company’s stock valued at $807,000 after purchasing an additional 42,596 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in Antero Resources by 7.6% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 46,314 shares of the oil and natural gas company’s stock valued at $256,000 after purchasing an additional 3,278 shares in the last quarter. MAI Capital Management bought a new stake in Antero Resources during the second quarter valued at about $66,000. Finally, Raffles Associates LP bought a new stake in Antero Resources during the second quarter valued at about $830,000. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Company Profile (NYSE:AR)

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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