Jefferies Group LLC Analysts Give Antero Resources Corporation (AR) a $20.00 Price Target

Jefferies Group LLC set a $20.00 target price on Antero Resources Corporation (NYSE:AR) in a report released on Friday morning. The firm currently has a hold rating on the oil and natural gas company’s stock.

Other equities research analysts also recently issued reports about the stock. KeyCorp restated a buy rating and issued a $33.00 target price on shares of Antero Resources Corporation in a research note on Sunday, September 3rd. Scotiabank set a $26.00 target price on shares of Antero Resources Corporation and gave the company a buy rating in a research note on Tuesday, August 22nd. Cowen and Company restated a hold rating and issued a $25.00 target price on shares of Antero Resources Corporation in a research note on Tuesday, September 12th. Robert W. Baird restated a buy rating and issued a $38.00 target price on shares of Antero Resources Corporation in a research note on Sunday, September 10th. Finally, Citigroup Inc. lowered their target price on shares of Antero Resources Corporation from $34.00 to $27.00 and set a buy rating for the company in a research note on Friday, July 21st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Antero Resources Corporation currently has an average rating of Buy and an average target price of $27.68.

Antero Resources Corporation (NYSE:AR) opened at $19.92 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 0.85. Antero Resources Corporation has a one year low of $17.89 and a one year high of $27.23. The stock has a market cap of $6,287.40, a P/E ratio of 104.84 and a beta of 0.95.

Antero Resources Corporation (NYSE:AR) last released its quarterly earnings data on Wednesday, November 1st. The oil and natural gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). Antero Resources Corporation had a negative net margin of 12.82% and a positive return on equity of 0.78%. The business had revenue of $775.30 million for the quarter, compared to the consensus estimate of $798.88 million. During the same quarter in the prior year, the business posted $0.18 earnings per share. analysts predict that Antero Resources Corporation will post -0.02 EPS for the current year.

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In other news, insider Kevin J. Kilstrom sold 82,760 shares of Antero Resources Corporation stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $19.99, for a total value of $1,654,372.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider K. Phil Yoo sold 10,865 shares of Antero Resources Corporation stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $19.25, for a total transaction of $209,151.25. The disclosure for this sale can be found here. 9.20% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Tortoise Capital Advisors L.L.C. grew its position in shares of Antero Resources Corporation by 7.1% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 436,950 shares of the oil and natural gas company’s stock valued at $8,695,000 after purchasing an additional 29,013 shares during the period. Salem Investment Counselors Inc. grew its position in shares of Antero Resources Corporation by 50.0% in the third quarter. Salem Investment Counselors Inc. now owns 14,136 shares of the oil and natural gas company’s stock valued at $287,000 after purchasing an additional 4,712 shares during the period. Yellowstone Partners LLC acquired a new stake in shares of Antero Resources Corporation in the third quarter valued at about $4,979,000. Neuberger Berman Group LLC grew its position in shares of Antero Resources Corporation by 40.5% in the third quarter. Neuberger Berman Group LLC now owns 1,535,813 shares of the oil and natural gas company’s stock valued at $30,562,000 after purchasing an additional 442,397 shares during the period. Finally, California Public Employees Retirement System grew its position in shares of Antero Resources Corporation by 1.8% in the third quarter. California Public Employees Retirement System now owns 390,300 shares of the oil and natural gas company’s stock valued at $7,767,000 after purchasing an additional 6,800 shares during the period. Institutional investors and hedge funds own 94.24% 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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