Antero Resources (NYSE:AR) Shares Gap Up to $2.19

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Antero Resources Corp (NYSE:AR)’s share price gapped up prior to trading on Monday . The stock had previously closed at $1.90, but opened at $2.19. Antero Resources shares last traded at $2.57, with a volume of 23,978,561 shares traded.

AR has been the topic of several recent analyst reports. Guggenheim set a $7.00 target price on shares of Antero Resources and gave the stock a “buy” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. started coverage on Antero Resources in a report on Thursday, October 3rd. They issued an “underweight” rating for the company. Goldman Sachs Group downgraded Antero Resources from a “buy” rating to a “neutral” rating in a research report on Friday, September 6th. Mitsubishi UFJ Financial Group reissued a “neutral” rating and issued a $3.00 price objective (down from $6.00) on shares of Antero Resources in a report on Tuesday, October 8th. Finally, ValuEngine raised Antero Resources from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $8.58.

The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $666.35 million, a price-to-earnings ratio of 3.34 and a beta of 0.72. The company has a fifty day moving average of $2.39 and a 200-day moving average of $3.94.

Antero Resources (NYSE:AR) last announced its earnings results on Tuesday, October 29th. The oil and natural gas company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.19). The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $988.92 million. Antero Resources had a negative net margin of 20.96% and a positive return on equity of 0.32%. Antero Resources’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.07 EPS. As a group, equities research analysts expect that Antero Resources Corp will post -0.44 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Marshall Wace LLP raised its holdings in Antero Resources by 707.9% in the 2nd quarter. Marshall Wace LLP now owns 867,866 shares of the oil and natural gas company’s stock valued at $4,799,000 after acquiring an additional 760,446 shares during the last quarter. AE Wealth Management LLC purchased a new stake in shares of Antero Resources in the third quarter valued at approximately $42,000. Alambic Investment Management L.P. purchased a new stake in shares of Antero Resources in the second quarter valued at approximately $1,442,000. First Republic Investment Management Inc. acquired a new stake in shares of Antero Resources in the second quarter valued at approximately $58,000. Finally, Wedge Capital Management L L P NC increased its holdings in shares of Antero Resources by 7.7% in the second quarter. Wedge Capital Management L L P NC now owns 48,860 shares of the oil and natural gas company’s stock valued at $270,000 after purchasing an additional 3,486 shares during the last quarter. 95.63% of the stock is owned by hedge funds and other institutional investors.

About Antero Resources (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.

See Also: Bond

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