Antero Resources Corp. (AR) Shares Down 1.3%
Antero Resources Corp. (NYSE:AR) was down 1.3% during mid-day trading on Monday . The company traded as low as $26.14 and last traded at $26.26, with a volume of 1,960,509 shares changing hands. The stock had previously closed at $26.61.
A number of equities research analysts have recently issued reports on AR shares. Barclays PLC reaffirmed a “buy” rating on shares of Antero Resources Corp. in a research note on Sunday, July 17th. Zacks Investment Research raised shares of Antero Resources Corp. from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Tuesday, June 28th. BMO Capital Markets reaffirmed a “buy” rating on shares of Antero Resources Corp. in a research note on Monday, June 13th. Vetr raised shares of Antero Resources Corp. from a “hold” rating to a “buy” rating and set a $29.14 price objective for the company in a research note on Monday, June 13th. Finally, Seaport Global Securities raised shares of Antero Resources Corp. from a “neutral” rating to a “buy” rating and upped their price objective for the company from $32.00 to $36.00 in a research note on Monday, July 18th. Nine research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $31.65.
The stock has a market cap of $8.04 billion and a P/E ratio of 80.74. The company’s 50 day moving average is $26.80 and its 200 day moving average is $26.36.
Antero Resources Corp. (NYSE:AR) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm had revenue of $376.70 million for the quarter, compared to analysts’ expectations of $676.46 million. During the same period in the previous year, the firm earned $0.06 earnings per share. On average, analysts predict that Antero Resources Corp. will post $0.60 earnings per share for the current fiscal year.
In other news, VP Kevin J. Kilstrom sold 10,000 shares of the business’s stock in a transaction on Tuesday, June 14th. The shares were sold at an average price of $28.36, for a total transaction of $283,600.00. Following the completion of the sale, the vice president now directly owns 344,442 shares of the company’s stock, valued at $9,768,375.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ward D. Mcneilly sold 28,037 shares of the business’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $27.35, for a total transaction of $766,811.95. The disclosure for this sale can be found here.
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 compression; water handling and treatment, and marketing of excess firm transportation capacity.
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