Shares of Antero Resources Corp (NYSE:AR) have been assigned an average rating of “Buy” from the twenty-one research firms that are presently covering the company. Seven research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $32.10.
Several analysts recently commented on AR shares. Raymond James Financial, Inc. upgraded Antero Resources Corp from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from $33.00 to $38.00 in a research report on Tuesday, January 3rd. Zacks Investment Research lowered Antero Resources Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, January 3rd. BMO Capital Markets reiterated a “buy” rating and issued a $28.00 price objective on shares of Antero Resources Corp in a report on Wednesday, January 11th. Piper Jaffray Companies upgraded Antero Resources Corp from a “neutral” rating to an “overweight” rating and set a $32.00 price target on the stock in a report on Friday, January 13th. Finally, Credit Suisse Group AG restated a “buy” rating on shares of Antero Resources Corp in a report on Sunday, February 5th.
Shares of Antero Resources Corp (NYSE:AR) opened at 21.37 on Tuesday. The firm has a 50-day moving average of $23.13 and a 200-day moving average of $24.84. Antero Resources Corp has a 12-month low of $21.35 and a 12-month high of $30.66. The company’s market cap is $6.73 billion.
Antero Resources Corp (NYSE:AR) last issued its quarterly earnings results on Tuesday, February 28th. The oil and natural gas company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.03. The firm had revenue of $887.90 million for the quarter, compared to analysts’ expectations of $772.83 million. During the same quarter in the previous year, the firm posted $0.20 earnings per share. The firm’s revenue for the quarter was up 41.0% compared to the same quarter last year. Analysts predict that Antero Resources Corp will post $0.46 EPS for the current year.
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A number of institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its position in Antero Resources Corp by 0.3% in the fourth quarter. Van ECK Associates Corp now owns 30,854 shares of the oil and natural gas company’s stock valued at $730,000 after buying an additional 84 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Antero Resources Corp by 2.2% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 21,819 shares of the oil and natural gas company’s stock valued at $588,000 after buying an additional 472 shares during the last quarter. Hsbc Holdings PLC increased its position in Antero Resources Corp by 4.3% in the third quarter. Hsbc Holdings PLC now owns 18,367 shares of the oil and natural gas company’s stock valued at $495,000 after buying an additional 752 shares during the last quarter. Cantab Capital Partners LLP increased its position in Antero Resources Corp by 8.8% in the fourth quarter. Cantab Capital Partners LLP now owns 10,666 shares of the oil and natural gas company’s stock valued at $252,000 after buying an additional 864 shares during the last quarter. Finally, US Bancorp DE increased its position in Antero Resources Corp by 11.4% in the third quarter. US Bancorp DE now owns 11,000 shares of the oil and natural gas company’s stock valued at $296,000 after buying an additional 1,122 shares during the last quarter. 86.83% of the stock is owned by hedge funds and other institutional investors.
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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