Antero Resources Corporation (NYSE:AR) had its target price cut by research analysts at Morgan Stanley from $23.00 to $22.00 in a research note issued on Wednesday, October 18th. The firm currently has an “equal weight” rating on the oil and natural gas company’s stock. Morgan Stanley’s price objective indicates a potential upside of 9.51% from the company’s current price.
AR has been the topic of several other research reports. ValuEngine lowered shares of Antero Resources Corporation from a “hold” rating to a “sell” rating in a report on Friday, September 1st. KeyCorp restated a “buy” rating and issued a $33.00 target price on shares of Antero Resources Corporation in a research note on Sunday, September 3rd. Zacks Investment Research upgraded 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 note on Tuesday, July 11th. Scotiabank restated a “buy” rating and issued a $27.00 target price on shares of Antero Resources Corporation in a research note on Thursday, August 3rd. Finally, Robert W. Baird set a $38.00 target price on shares of Antero Resources Corporation and gave the company a “buy” rating in a research note on Thursday, October 12th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $27.74.
Shares of Antero Resources Corporation (NYSE:AR) traded up $0.85 during trading on Wednesday, reaching $20.09. 3,619,151 shares of the company’s stock traded hands, compared to its average volume of 3,101,217. The company has a market cap of $6,072.77, a price-to-earnings ratio of 101.26 and a beta of 0.95. 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 12-month low of $17.89 and a 12-month high of $27.23.
Antero Resources Corporation (NYSE:AR) last announced its quarterly earnings results on Wednesday, November 1st. The oil and natural gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). The business had revenue of $775.30 million during the quarter, compared to the consensus estimate of $798.88 million. Antero Resources Corporation had a negative net margin of 12.82% and a positive return on equity of 0.78%. During the same period last year, the firm earned $0.18 EPS. sell-side analysts forecast that Antero Resources Corporation will post -0.02 EPS for the current year.
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A number of hedge funds have recently modified their holdings of AR. OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in shares of Antero Resources Corporation by 268.2% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,100 shares of the oil and natural gas company’s stock valued at $185,000 after acquiring an additional 5,900 shares in the last quarter. Nomura Holdings Inc. purchased a new position in shares of Antero Resources Corporation during the 1st quarter valued at $204,000. Sei Investments Co. lifted its position in shares of Antero Resources Corporation by 174.6% during the 1st quarter. Sei Investments Co. now owns 9,209 shares of the oil and natural gas company’s stock valued at $210,000 after buying an additional 5,855 shares during the last quarter. HighTower Advisors LLC purchased a new position in shares of Antero Resources Corporation during the 1st quarter valued at $212,000. Finally, Toronto Dominion Bank raised its stake in shares of Antero Resources Corporation by 244.3% during the 3rd quarter. Toronto Dominion Bank now owns 9,326 shares of the oil and natural gas company’s stock valued at $186,000 after purchasing an additional 6,617 shares during the period. Institutional investors and hedge funds own 93.66% of the company’s stock.
About Antero Resources Corporation
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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