Scotiabank reaffirmed their buy rating on shares of Antero Resources Corporation (NYSE:AR) in a research note released on Thursday morning. Scotiabank currently has a $27.00 price target on the oil and natural gas company’s stock.

Several other equities analysts also recently commented on the stock. BidaskClub downgraded shares of Antero Resources Corporation from a hold rating to a sell rating in a research note on Thursday, July 27th. Zacks Investment Research downgraded shares of Antero Resources Corporation from a buy rating to a hold rating in a research note on Monday, July 24th. Citigroup Inc. decreased their price target on shares of Antero Resources Corporation from $34.00 to $27.00 and set a buy rating on the stock in a research note on Friday, July 21st. Stifel Nicolaus restated a hold rating and issued a $25.00 price target on shares of Antero Resources Corporation in a research note on Friday, July 21st. Finally, Cowen and Company set a $25.00 price target on shares of Antero Resources Corporation and gave the company a hold rating in a research note on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $30.33.

Shares of Antero Resources Corporation (NYSE AR) opened at 19.45 on Thursday. Antero Resources Corporation has a 52-week low of $18.88 and a 52-week high of $28.30. The firm has a 50-day moving average of $21.31 and a 200 day moving average of $22.59. The firm has a market capitalization of $6.12 billion, a price-to-earnings ratio of 452.33 and a beta of 0.95.

Antero Resources Corporation (NYSE:AR) last released its quarterly earnings data on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. Antero Resources Corporation had a net margin of 0.48% and a return on equity of 1.44%. The company had revenue of $736 million during the quarter, compared to analyst estimates of $778.55 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. Antero Resources Corporation’s revenue for the quarter was up 1.1% on a year-over-year basis. Analysts predict that Antero Resources Corporation will post $0.42 EPS for the current year.

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In other news, insider Ward D. Mcneilly sold 24,000 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $22.05, for a total value of $529,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider K. Phil Yoo sold 3,785 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $20.55, for a total transaction of $77,781.75. The disclosure for this sale can be found here. 10.80% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of AR. Macquarie Group Ltd. boosted its position in Antero Resources Corporation by 22,753.0% in the fourth quarter. Macquarie Group Ltd. now owns 365,648 shares of the oil and natural gas company’s stock worth $8,648,000 after buying an additional 364,048 shares during the period. Gulf International Bank UK Ltd boosted its position in Antero Resources Corporation by 2.4% in the first quarter. Gulf International Bank UK Ltd now owns 51,914 shares of the oil and natural gas company’s stock worth $1,184,000 after buying an additional 1,200 shares during the period. Hartree Partners LP bought a new position in Antero Resources Corporation during the first quarter worth approximately $3,193,000. Shell Asset Management Co. boosted its position in Antero Resources Corporation by 14.5% in the first quarter. Shell Asset Management Co. now owns 62,774 shares of the oil and natural gas company’s stock worth $1,432,000 after buying an additional 7,957 shares during the period. Finally, BlackRock Inc. boosted its position in Antero Resources Corporation by 2,440.4% in the first quarter. BlackRock Inc. now owns 8,550,873 shares of the oil and natural gas company’s stock worth $195,044,000 after buying an additional 8,214,276 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.

About Antero Resources Corporation

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.

Analyst Recommendations for Antero Resources Corporation (NYSE:AR)

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