Antero Resources (NYSE:AR) Hits New 1-Year Low at $1.95

Antero Resources Corp (NYSE:AR) shares reached a new 52-week low on Tuesday . The company traded as low as $1.95 and last traded at $2.00, with a volume of 3622888 shares traded. The stock had previously closed at $2.03.

AR has been the topic of a number of recent analyst reports. Macquarie upgraded Antero Resources from an “underperform” rating to a “neutral” rating in a research report on Friday, August 2nd. They noted that the move was a valuation call. Cfra cut Antero Resources from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. initiated coverage on Antero Resources in a report on Thursday, October 3rd. They set an “underweight” rating on the stock. TD Securities reduced their price target on Antero Resources from $9.00 to $7.50 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, Guggenheim set a $7.00 price objective on Antero Resources and gave the stock a “buy” rating in a research note on Friday, September 27th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $8.88.

The stock has a market capitalization of $611.58 million, a price-to-earnings ratio of 2.61 and a beta of 0.77. The company has a 50 day simple moving average of $2.67 and a 200-day simple moving average of $4.52. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.88.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Tuesday, October 29th. The oil and natural gas company reported ($0.49) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by ($0.19). Antero Resources had a positive return on equity of 0.32% and a negative net margin of 20.96%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $988.92 million. During the same quarter last year, the company posted $0.07 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Antero Resources Corp will post -0.39 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Corient Capital Partners LLC bought a new stake in shares of Antero Resources in the 3rd quarter worth $40,000. Eqis Capital Management Inc. purchased a new position in Antero Resources in the 3rd quarter worth $49,000. AE Wealth Management LLC purchased a new position in Antero Resources in the 3rd quarter worth approximately $42,000. Tower Research Capital LLC TRC lifted its stake in Antero Resources by 5,557.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 29,704 shares of the oil and natural gas company’s stock worth $90,000 after purchasing an additional 29,179 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in Antero Resources by 66.3% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 186,100 shares of the oil and natural gas company’s stock worth $562,000 after purchasing an additional 74,220 shares in the last quarter. 95.18% of the stock is currently 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.

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