Antero Resources Corporation (NYSE:AR) was downgraded by investment analysts at Howard Weil from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Thursday. They presently have a $26.00 price target on the oil and natural gas company’s stock. Howard Weil’s price objective indicates a potential upside of 28.08% from the company’s current price.

Several other analysts have also recently commented on AR. ValuEngine cut Antero Resources Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. BidaskClub upgraded Antero Resources Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Wolfe Research cut Antero Resources Corporation from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 15th. BMO Capital Markets reiterated a “buy” rating and set a $26.00 price target on shares of Antero Resources Corporation in a research report on Thursday, June 22nd. Finally, Scotiabank set a $27.00 price target on Antero Resources Corporation and gave the company a “buy” rating in a research report on Saturday, July 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Antero Resources Corporation currently has an average rating of “Buy” and a consensus target price of $29.61.

Shares of Antero Resources Corporation (NYSE AR) traded down 2.46% on Thursday, reaching $19.80. The company had a trading volume of 1,345,515 shares. The stock has a 50 day moving average price of $19.47 and a 200-day moving average price of $21.22. Antero Resources Corporation has a 12 month low of $18.23 and a 12 month high of $28.30. The company has a market capitalization of $6.25 billion, a price-to-earnings ratio of 460.47 and a beta of 0.95.

Antero Resources Corporation (NYSE:AR) last posted its earnings results on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) EPS for the quarter, missing the 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 business had revenue of $736.00 million during the quarter, compared to analyst estimates of $778.55 million. During the same quarter in the prior year, the business earned $0.14 earnings per share. The firm’s revenue was up 1.1% compared to the same quarter last year. Analysts forecast that Antero Resources Corporation will post $0.30 EPS for the current fiscal year.

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In other news, insider K. Phil Yoo sold 3,785 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $20.55, for a total value of $77,781.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 10.80% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Antero Resources Corporation by 6.5% in the second 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 during the period. Brave Warrior Advisors LLC boosted its position in shares of Antero Resources Corporation by 9.8% in the first quarter. Brave Warrior Advisors LLC now owns 10,593,829 shares of the oil and natural gas company’s stock worth $241,645,000 after buying an additional 946,603 shares during the period. BlackRock Inc. boosted its position in shares of Antero Resources Corporation by 18.7% in the second 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 during the period. Sound Shore Management Inc. CT boosted its position in shares of Antero Resources Corporation by 22.0% in the second quarter. Sound Shore Management Inc. CT now owns 9,406,400 shares of the oil and natural gas company’s stock worth $203,272,000 after buying an additional 1,697,858 shares during the period. Finally, State Street Corp boosted its position in shares of Antero Resources Corporation by 13.6% in the second 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 during the period. 93.59% of the stock is owned by institutional investors and hedge funds.

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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