Antero Resources Corporation (NYSE:AR) had its price objective cut by investment analysts at Morgan Stanley from $23.00 to $22.00 in a research note issued on Wednesday. The firm currently has an “equal weight” rating on the oil and natural gas company’s stock. Morgan Stanley’s target price would suggest a potential upside of 11.96% from the company’s current price.

Several other analysts have also recently issued reports on the company. Citigroup Inc. cut their target price on 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. BMO Capital Markets reissued a “buy” rating and issued a $26.00 target price on shares of Antero Resources Corporation in a research note on Thursday, June 22nd. Robert W. Baird reissued a “buy” rating and issued a $38.00 target price on shares of Antero Resources Corporation in a research note on Sunday, September 10th. Zacks Investment Research raised Antero Resources Corporation from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Friday, July 21st. Finally, KeyCorp reissued a “buy” rating and issued a $33.00 target price on shares of Antero Resources Corporation in a research note on Sunday, September 3rd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $28.42.

Antero Resources Corporation (AR) opened at 19.65 on Wednesday. The firm has a market capitalization of $6.20 billion, a P/E ratio of 456.98 and a beta of 0.96. Antero Resources Corporation has a 52 week low of $18.23 and a 52 week high of $28.10. The stock has a 50 day moving average price of $20.09 and a 200-day moving average price of $20.80.

Antero Resources Corporation (NYSE:AR) last posted its 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 business had revenue of $736.00 million during the quarter, compared to the consensus estimate of $778.55 million. Antero Resources Corporation had a return on equity of 1.44% and a net margin of 0.48%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 earnings per share. Analysts anticipate 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 Antero Resources Corporation stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $20.55, for a total transaction of $77,781.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.20% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in shares of Antero Resources Corporation by 268.2% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,100 shares of the oil and natural gas company’s stock valued at $185,000 after purchasing an additional 5,900 shares during the last quarter. Nomura Holdings Inc. purchased a new position in shares of Antero Resources Corporation during the first quarter valued at approximately $204,000. Sei Investments Co. lifted its holdings in shares of Antero Resources Corporation by 174.6% during the first quarter. Sei Investments Co. now owns 9,209 shares of the oil and natural gas company’s stock valued at $210,000 after purchasing an additional 5,855 shares during the last quarter. HighTower Advisors LLC purchased a new position in shares of Antero Resources Corporation during the first quarter valued at approximately $212,000. Finally, SG Americas Securities LLC purchased a new position in shares of Antero Resources Corporation during the second quarter valued at approximately $215,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

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)

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