An issue of Antero Resources Corp (NYSE:AR) debt fell 2.8% against its face value during trading on Thursday. The debt issue has a 5.625% coupon and is set to mature on June 1, 2023. The bonds in the issue are now trading at $99.06 and were trading at $100.48 one week ago. Price changes in a company’s debt in credit markets sometimes predict parallel changes in its stock price.
AR has been the topic of a number of research reports. Stifel Nicolaus initiated coverage on Antero Resources Corp in a research note on Thursday, March 23rd. They issued a “hold” rating and a $26.00 price objective on the stock. Evercore ISI cut Antero Resources Corp to an “outperform” rating in a research report on Wednesday. Credit Suisse Group AG reiterated a “buy” rating on shares of Antero Resources Corp in a research report on Friday, March 31st. Scotiabank set a $35.00 price target on Antero Resources Corp and gave the company a “buy” rating in a research report on Monday, March 20th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $28.00 price target on shares of Antero Resources Corp in a research report on Wednesday, March 22nd. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $32.55.
Shares of Antero Resources Corp (NYSE:AR) traded up 0.304% during mid-day trading on Friday, reaching $21.435. The company’s stock had a trading volume of 2,374,564 shares. The company’s 50-day moving average price is $23.13 and its 200-day moving average price is $24.84. Antero Resources Corp has a 12-month low of $21.11 and a 12-month high of $30.66. The stock’s market capitalization is $6.75 billion.
Antero Resources Corp (NYSE:AR) last released its earnings results on Tuesday, February 28th. The oil and natural gas company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.03. The company earned $887.90 million during the quarter, compared to analysts’ expectations of $772.83 million. The company’s revenue for the quarter was up 41.0% on a year-over-year basis. During the same quarter last year, the business posted $0.20 earnings per share. On average, equities research analysts forecast that Antero Resources Corp will post $0.46 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AR. Seven Eight Capital LP bought a new position in shares of Antero Resources Corp during the fourth quarter worth $132,000. Tyers Asset Management LLC bought a new position in shares of Antero Resources Corp during the fourth quarter worth $160,000. Flinton Capital Management LLC bought a new position in shares of Antero Resources Corp during the fourth quarter worth $194,000. Sciencast Management LP bought a new position in shares of Antero Resources Corp during the fourth quarter worth $200,000. Finally, Bourgeon Capital Management LLC bought a new position in shares of Antero Resources Corp during the third quarter worth $225,000. Hedge funds and other institutional investors own 86.83% of the company’s stock.
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Antero Resources Corp 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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