Analysts Set Antero Resources Corp (NYSE:AR) PT at $3.50

Antero Resources Corp (NYSE:AR) has been given an average rating of “Hold” by the fifteen ratings firms that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $3.50.

Several analysts have issued reports on AR shares. ValuEngine raised shares of Antero Resources from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. Stifel Nicolaus downgraded shares of Antero Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, March 31st. TD Securities raised their price objective on shares of Antero Resources from $2.50 to $3.50 and gave the stock a “hold” rating in a research note on Wednesday, June 17th. Morgan Stanley decreased their price objective on shares of Antero Resources from $2.75 to $1.75 and set an “underweight” rating for the company in a research note on Friday. Finally, Wells Fargo & Co raised their price objective on shares of Antero Resources from $2.50 to $3.50 and gave the stock an “underweight” rating in a research note on Thursday, June 25th.

A number of hedge funds have recently modified their holdings of the stock. State Street Corp increased its holdings in Antero Resources by 36.7% during the first quarter. State Street Corp now owns 24,925,496 shares of the oil and natural gas company’s stock valued at $17,769,000 after buying an additional 6,691,978 shares during the period. Shah Capital Management increased its holdings in Antero Resources by 436.4% during the first quarter. Shah Capital Management now owns 10,004,385 shares of the oil and natural gas company’s stock valued at $7,132,000 after buying an additional 8,139,217 shares during the period. AQR Capital Management LLC increased its holdings in Antero Resources by 22.1% during the first quarter. AQR Capital Management LLC now owns 4,824,232 shares of the oil and natural gas company’s stock valued at $3,439,000 after buying an additional 872,495 shares during the period. Norges Bank purchased a new position in Antero Resources in the fourth quarter worth $13,266,000. Finally, Nuveen Asset Management LLC grew its holdings in Antero Resources by 792.8% in the first quarter. Nuveen Asset Management LLC now owns 4,136,401 shares of the oil and natural gas company’s stock worth $2,949,000 after purchasing an additional 3,673,109 shares during the last quarter. 88.17% of the stock is currently owned by institutional investors.

Shares of NYSE:AR traded down $0.06 during trading on Friday, reaching $2.45. The company’s stock had a trading volume of 239,032 shares, compared to its average volume of 14,867,506. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.94. Antero Resources has a 12 month low of $0.64 and a 12 month high of $5.68. The firm’s 50 day simple moving average is $3.08 and its two-hundred day simple moving average is $2.21. The stock has a market capitalization of $628.03 million, a PE ratio of -0.45 and a beta of 4.75.

Antero Resources (NYSE:AR) last announced its quarterly earnings data on Wednesday, April 29th. The oil and natural gas company reported ($0.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.08). The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.02 billion. Antero Resources had a negative return on equity of 3.77% and a negative net margin of 35.36%. The firm’s revenue for the quarter was up 27.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.35 EPS. Research analysts anticipate that Antero Resources will post -0.47 EPS for the current fiscal year.

About Antero Resources

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.

Read More: What does a bar chart display?

Analyst Recommendations for Antero Resources (NYSE:AR)

Receive News & Ratings for Antero Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antero Resources and related companies with MarketBeat.com's FREE daily email newsletter.