Antero Resources (AR) Downgraded by Zacks Investment Research to “Sell”

Antero Resources (NYSE:AR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday, December 20th.

According to Zacks, “Antero Resources Corporation is an independent oil and natural gas company. It is primarily engaged in the exploitation, development and acquisition of unconventional oil and liquids-rich natural gas properties primarily located in the Appalachian Basin in West Virginia, Ohio and Pennsylvania. Antero Resources Corporation is headquartered in Denver, Colorado. “

Other analysts have also issued research reports about the company. Robert W. Baird set a $38.00 price objective on Antero Resources and gave the company a “buy” rating in a research note on Thursday, October 12th. KeyCorp reaffirmed a “buy” rating and issued a $33.00 price target on shares of Antero Resources in a research note on Sunday, September 3rd. Scotiabank set a $26.00 price target on Antero Resources and gave the stock a “buy” rating in a research note on Tuesday, August 22nd. BMO Capital Markets reaffirmed a “buy” rating on shares of Antero Resources in a research note on Friday, September 22nd. Finally, Morgan Stanley dropped their price target on Antero Resources from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company. Antero Resources currently has a consensus rating of “Hold” and an average price target of $25.61.

Antero Resources (AR) opened at $19.58 on Wednesday. The company has a market cap of $6,180.00, a P/E ratio of -17.18, a price-to-earnings-growth ratio of 2.07 and a beta of 0.94. Antero Resources has a 52-week low of $17.59 and a 52-week high of $26.60. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 0.85.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, November 1st. The oil and natural gas company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The company had revenue of $775.30 million for the quarter, compared to analysts’ expectations of $798.88 million. Antero Resources had a negative net margin of 12.82% and a positive return on equity of 0.78%. During the same period last year, the company posted $0.18 EPS. equities research analysts predict that Antero Resources will post -0.14 EPS for the current fiscal year.

In other news, insider K. Phil Yoo sold 10,865 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $19.25, for a total transaction of $209,151.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kevin J. Kilstrom sold 82,760 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $19.99, for a total value of $1,654,372.40. The disclosure for this sale can be found here. 9.20% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Baupost Group LLC MA increased its holdings in Antero Resources by 12.9% in the 3rd quarter. Baupost Group LLC MA now owns 23,912,257 shares of the oil and natural gas company’s stock worth $475,854,000 after buying an additional 2,741,261 shares in the last quarter. Vanguard Group Inc. increased its holdings in Antero Resources by 6.5% in the 2nd quarter. Vanguard Group Inc. now owns 17,760,019 shares of the oil and natural gas company’s stock worth $383,794,000 after buying an additional 1,091,065 shares in the last quarter. BlackRock Inc. increased its holdings in Antero Resources by 18.7% in the 2nd quarter. BlackRock Inc. now owns 10,146,431 shares of the oil and natural gas company’s stock worth $219,264,000 after buying an additional 1,595,558 shares in the last quarter. Sound Shore Management Inc. CT increased its holdings in Antero Resources by 5.6% in the 3rd quarter. Sound Shore Management Inc. CT now owns 9,932,900 shares of the oil and natural gas company’s stock worth $197,665,000 after buying an additional 526,500 shares in the last quarter. Finally, State Street Corp increased its holdings in Antero Resources by 13.6% in the 2nd quarter. State Street Corp now owns 8,187,581 shares of the oil and natural gas company’s stock worth $176,939,000 after buying an additional 978,883 shares in the last quarter. Institutional investors own 96.99% of the company’s stock.

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Antero Resources 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.

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