Antero Resources Corporation (AR) PT Set at $24.00 by BMO Capital Markets

BMO Capital Markets set a $24.00 target price on Antero Resources Corporation (NYSE:AR) in a research note issued to investors on Tuesday, October 24th. The firm currently has a buy rating on the oil and natural gas company’s stock.

Several other equities research analysts have also recently issued reports on AR. Scotiabank set a $26.00 target price on shares of Antero Resources Corporation and gave the stock a buy rating in a research report on Tuesday, August 22nd. Zacks Investment Research raised shares of Antero Resources Corporation from a hold rating to a buy rating and set a $24.00 target price on the stock in a research report on Tuesday, July 11th. Citigroup Inc. cut their price target on shares of Antero Resources Corporation from $34.00 to $27.00 and set a buy rating on the stock in a report on Friday, July 21st. KeyCorp restated a buy rating and issued a $33.00 price target on shares of Antero Resources Corporation in a report on Sunday, September 3rd. Finally, Robert W. Baird restated a buy rating and issued a $38.00 price target on shares of Antero Resources Corporation in a report on Sunday, September 10th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $27.74.

Antero Resources Corporation (NYSE AR) traded up $0.49 during trading hours on Tuesday, reaching $20.26. 3,542,000 shares of the company’s stock traded hands, compared to its average volume of 3,183,937. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.85 and a quick ratio of 0.85. Antero Resources Corporation has a 52-week low of $17.89 and a 52-week high of $27.23. The stock has a market cap of $6,394.72, a P/E ratio of 106.63 and a beta of 0.95.

Antero Resources Corporation (NYSE:AR) last posted its earnings results on Wednesday, November 1st. The oil and natural gas company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). Antero Resources Corporation had a negative net margin of 12.82% and a positive return on equity of 0.78%. The business had revenue of $775.30 million for the quarter, compared to analysts’ expectations of $798.88 million. During the same quarter last year, the business posted $0.18 earnings per share. sell-side analysts predict that Antero Resources Corporation will post -0.02 EPS for the current year.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. lifted its holdings in Antero Resources Corporation by 0.8% in the first quarter. Nomura Asset Management Co. Ltd. now owns 22,990 shares of the oil and natural gas company’s stock worth $524,000 after purchasing an additional 190 shares during the period. Texan Capital Management lifted its holdings in Antero Resources Corporation by 2.0% in the second quarter. Texan Capital Management now owns 26,845 shares of the oil and natural gas company’s stock worth $580,000 after purchasing an additional 535 shares during the period. Royal Bank of Canada lifted its holdings in Antero Resources Corporation by 5.1% in the second quarter. Royal Bank of Canada now owns 11,731 shares of the oil and natural gas company’s stock worth $254,000 after purchasing an additional 566 shares during the period. Strs Ohio lifted its holdings in Antero Resources Corporation by 0.3% in the second quarter. Strs Ohio now owns 230,265 shares of the oil and natural gas company’s stock worth $4,976,000 after purchasing an additional 721 shares during the period. Finally, Gargoyle Investment Advisor L.L.C. lifted its holdings in Antero Resources Corporation by 3.2% in the second quarter. Gargoyle Investment Advisor L.L.C. now owns 23,665 shares of the oil and natural gas company’s stock worth $511,000 after purchasing an additional 742 shares during the period. 93.66% of the stock is owned by institutional investors.

Antero Resources Corporation 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.

Analyst Recommendations for Antero Resources Corporation (NYSE:AR)

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