Shares of Antero Resources Corporation (NYSE:AR) have been given an average rating of “Buy” by the twenty-three research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $29.50.

AR has been the subject of several research reports. Zacks Investment Research lowered Antero Resources Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 2nd. ValuEngine lowered Antero Resources Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Scotiabank reiterated a “buy” rating and set a $27.00 price target on shares of Antero Resources Corporation in a report on Thursday, August 3rd. Wolfe Research lowered Antero Resources Corporation from an “outperform” rating to a “market perform” rating in a report on Thursday, June 15th. Finally, BidaskClub upgraded Antero Resources Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th.

In related news, insider Paul M. Rady acquired 500,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The shares were acquired at an average cost of $21.11 per share, with a total value of $10,555,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Ward D. Mcneilly sold 24,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $22.05, for a total value of $529,200.00. The disclosure for this sale can be found here. 10.80% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of AR. OxFORD Asset Management LLP increased its position in shares of Antero Resources Corporation by 38.9% in the second quarter. OxFORD Asset Management LLP now owns 352,649 shares of the oil and natural gas company’s stock valued at $7,621,000 after buying an additional 98,804 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Antero Resources Corporation by 95.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,071,000 shares of the oil and natural gas company’s stock valued at $44,753,000 after buying an additional 1,011,429 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Antero Resources Corporation by 6.9% in the second quarter. Parametric Portfolio Associates LLC now owns 208,103 shares of the oil and natural gas company’s stock valued at $4,497,000 after buying an additional 13,459 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Antero Resources Corporation by 25.0% in the second quarter. Nordea Investment Management AB now owns 385,088 shares of the oil and natural gas company’s stock valued at $8,322,000 after buying an additional 77,000 shares in the last quarter. Finally, Old West Investment Management LLC acquired a new position in shares of Antero Resources Corporation during the second quarter valued at approximately $5,359,000. 91.59% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “Antero Resources Corporation (AR) Given Average Rating of “Buy” by Brokerages” was reported by Daily Political and is the sole property of of Daily Political. If you are reading this article on another site, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this article can be accessed at https://www.dailypolitical.com/2017/08/12/antero-resources-corporation-ar-given-average-rating-of-buy-by-brokerages.html.

Shares of Antero Resources Corporation (AR) opened at 18.49 on Friday. The firm has a market cap of $5.83 billion, a PE ratio of 430.00 and a beta of 0.95. Antero Resources Corporation has a 12-month low of $18.23 and a 12-month high of $28.30. The firm’s 50-day moving average is $20.76 and its 200-day moving average is $22.28.

Antero Resources Corporation (NYSE:AR) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. The firm had revenue of $736 million for the quarter, compared to analyst estimates of $778.55 million. Antero Resources Corporation had a net margin of 0.48% and a return on equity of 1.44%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.14 earnings per share. Equities analysts expect that Antero Resources Corporation will post $0.35 earnings per share for the current fiscal year.

Antero Resources Corporation 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.

Analyst Recommendations for Antero Resources Corporation (NYSE:AR)

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