Antero Resources (AR) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research cut shares of Antero Resources (NYSE:AR) from a buy rating to a hold rating in a report issued on Friday.

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. “

Several other research firms also recently commented on AR. BMO Capital Markets reiterated a buy rating on shares of Antero Resources in a report on Wednesday, January 24th. Barclays downgraded Antero Resources from an overweight rating to an equal weight rating and set a $21.00 price objective for the company. in a report on Monday, November 20th. Jefferies Group set a $23.00 price objective on Antero Resources and gave the stock a hold rating in a report on Tuesday, January 30th. Robert W. Baird reiterated a buy rating and issued a $28.00 price objective on shares of Antero Resources in a report on Wednesday, January 17th. Finally, ValuEngine downgraded Antero Resources from a hold rating to a sell rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $25.11.

Shares of Antero Resources (AR) opened at $18.93 on Friday. Antero Resources has a twelve month low of $16.31 and a twelve month high of $25.50. The company has a market capitalization of $5,970.00, a PE ratio of 5.75, a P/E/G ratio of 3.21 and a beta of 0.93. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.09 and a quick ratio of 0.85.

Several institutional investors have recently added to or reduced their stakes in the business. SailingStone Capital Partners LLC grew its stake in shares of Antero Resources by 0.7% during the 4th quarter. SailingStone Capital Partners LLC now owns 34,911,997 shares of the oil and natural gas company’s stock valued at $663,328,000 after purchasing an additional 250,548 shares during the period. Baupost Group LLC MA grew its stake in shares of Antero Resources by 12.9% during the 3rd quarter. Baupost Group LLC MA now owns 23,912,257 shares of the oil and natural gas company’s stock valued at $475,854,000 after purchasing an additional 2,741,261 shares during the period. BlackRock Inc. grew its stake in shares of Antero Resources by 1.0% during the 4th quarter. BlackRock Inc. now owns 11,866,714 shares of the oil and natural gas company’s stock valued at $225,469,000 after purchasing an additional 122,303 shares during the period. Sound Shore Management Inc. CT grew its stake in shares of Antero Resources by 5.6% during the 3rd quarter. Sound Shore Management Inc. CT now owns 9,932,900 shares of the oil and natural gas company’s stock valued at $197,665,000 after purchasing an additional 526,500 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Antero Resources by 60.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,325,460 shares of the oil and natural gas company’s stock valued at $66,176,000 after purchasing an additional 1,254,460 shares during the period. Institutional investors and hedge funds own 97.23% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Antero Resources (AR) Stock Rating Lowered by Zacks Investment Research” was posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this news story on another domain, it was stolen and republished in violation of U.S. & international trademark & copyright law. The original version of this news story can be read at https://stocknewstimes.com/2018/02/19/antero-resources-ar-stock-rating-lowered-by-zacks-investment-research.html.

About Antero Resources

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.

Get a free copy of the Zacks research report on Antero Resources (AR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.

Latest News

Leave a Reply