Antero Resources (NYSE:AR) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday.

Several other brokerages have also recently issued reports on AR. BMO Capital Markets set a $15.00 price objective on Antero Resources and gave the stock a “hold” rating in a report on Monday. Credit Suisse Group decreased their price objective on Antero Resources from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, November 1st. Citigroup decreased their price objective on Antero Resources from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, August 13th. TD Securities decreased their price target on Antero Resources from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, August 2nd. Finally, Scotiabank restated a “hold” rating and set a $26.00 price target on shares of Antero Resources in a report on Monday, October 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. Antero Resources currently has an average rating of “Hold” and an average price target of $22.90.

Shares of AR opened at $14.20 on Thursday. The company has a market cap of $5.05 billion, a PE ratio of 118.33, a PEG ratio of 0.95 and a beta of 0.78. Antero Resources has a 1 year low of $13.91 and a 1 year high of $22.69. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.11 and a current ratio of 1.11.

Antero Resources (NYSE:AR) last issued its quarterly earnings data on Wednesday, October 31st. The oil and natural gas company reported $0.23 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.23. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Antero Resources had a return on equity of 2.80% and a net margin of 5.12%. The company’s revenue for the quarter was up 38.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.01 EPS. As a group, equities analysts forecast that Antero Resources will post 0.84 EPS for the current fiscal year.

In related news, Director Richard W. Connor sold 6,907 shares of the stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $16.49, for a total transaction of $113,896.43. Following the sale, the director now owns 26,059 shares in the company, valued at approximately $429,712.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 9.40% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in AR. Fuller & Thaler Asset Management Inc. increased its stake in Antero Resources by 114.5% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 8,900 shares of the oil and natural gas company’s stock worth $158,000 after purchasing an additional 4,750 shares during the period. Sheaff Brock Investment Advisors LLC purchased a new stake in Antero Resources in the third quarter worth $177,000. Benjamin F. Edwards & Company Inc. purchased a new stake in Antero Resources in the second quarter worth $197,000. MHI Funds LLC purchased a new stake in Antero Resources in the third quarter worth $253,000. Finally, Standard Life Aberdeen plc purchased a new stake in Antero Resources in the second quarter worth $254,000. Institutional investors and hedge funds own 94.95% of the company’s stock.

Antero Resources Company Profile

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores, produces, and develops natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2017 had approximately 484,000 net acres in the southwestern core of the Marcellus Shale; approximately 137,000 net acres in the core of the Utica Shale; and approximately 214,000 net acres of Marcellus Shale leasehold.

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Analyst Recommendations for Antero Resources (NYSE:AR)

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