Antero Resources Corporation (AR) Given a $21.00 Price Target by Stifel Nicolaus Analysts

Antero Resources Corporation (NYSE:AR) has been given a $21.00 price target by analysts at Stifel Nicolaus in a report issued on Thursday, October 5th. The firm currently has a “hold” rating on the oil and natural gas company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 7.36% from the stock’s previous close.

Several other equities research analysts have also commented on the stock. Boenning Scattergood lowered shares of Antero Resources Corporation from an “outperform” rating to a “sector perform” rating and set a $26.00 price target for the company. in a research report on Saturday, September 23rd. BMO Capital Markets reissued a “buy” rating on shares of Antero Resources Corporation in a report on Friday, September 22nd. Howard Weil lowered shares of Antero Resources Corporation from an “outperform” rating to a “sector perform” rating and set a $26.00 target price for the company. in a report on Thursday, September 21st. Cowen and Company reissued a “hold” rating and issued a $25.00 target price on shares of Antero Resources Corporation in a report on Tuesday, September 12th. Finally, Robert W. Baird reissued a “buy” rating and issued a $38.00 target price on shares of Antero Resources Corporation in a report on Sunday, September 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $28.78.

Antero Resources Corporation (NYSE:AR) opened at 19.56 on Thursday. The stock’s 50 day moving average is $20.09 and its 200-day moving average is $20.80. The company has a market capitalization of $6.17 billion, a PE ratio of 454.88 and a beta of 0.96. Antero Resources Corporation has a 12 month low of $18.23 and a 12 month high of $28.10.

Antero Resources Corporation (NYSE:AR) last released its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). Antero Resources Corporation had a net margin of 0.48% and a return on equity of 1.44%. The business had revenue of $736.00 million for the quarter, compared to analysts’ expectations of $778.55 million. During the same period in the previous year, the company earned $0.14 EPS. Antero Resources Corporation’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, analysts expect that Antero Resources Corporation will post $0.30 EPS for the current year.

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In other news, insider K. Phil Yoo sold 3,785 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $20.55, for a total transaction of $77,781.75. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 9.20% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Antero Resources Corporation by 6.5% in the second quarter. Vanguard Group Inc. now owns 17,760,019 shares of the oil and natural gas company’s stock worth $383,794,000 after acquiring an additional 1,091,065 shares in the last quarter. Brave Warrior Advisors LLC boosted its holdings in Antero Resources Corporation by 9.8% in the first quarter. Brave Warrior Advisors LLC now owns 10,593,829 shares of the oil and natural gas company’s stock worth $241,645,000 after acquiring an additional 946,603 shares in the last quarter. BlackRock Inc. boosted its holdings in Antero Resources Corporation by 18.7% in the second quarter. BlackRock Inc. now owns 10,146,431 shares of the oil and natural gas company’s stock worth $219,264,000 after acquiring an additional 1,595,558 shares in the last quarter. Sound Shore Management Inc. CT boosted its holdings in Antero Resources Corporation by 22.0% in the second quarter. Sound Shore Management Inc. CT now owns 9,406,400 shares of the oil and natural gas company’s stock worth $203,272,000 after acquiring an additional 1,697,858 shares in the last quarter. Finally, State Street Corp boosted its holdings in Antero Resources Corporation by 13.6% in the second quarter. State Street Corp now owns 8,187,581 shares of the oil and natural gas company’s stock worth $176,939,000 after acquiring an additional 978,883 shares in the last quarter. 93.59% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Antero Resources Corporation (NYSE:AR)

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