Antero Resources (AR) Cut to Neutral at Citigroup

Antero Resources (NYSE:AR) was downgraded by Citigroup from a “buy” rating to a “neutral” rating in a report issued on Tuesday, The Fly reports.

Other analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Antero Resources from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a report on Wednesday, January 3rd. Robert W. Baird reiterated a “buy” rating and issued a $28.00 target price on shares of Antero Resources in a report on Wednesday, January 17th. BMO Capital Markets reiterated a “buy” rating on shares of Antero Resources in a report on Wednesday, January 24th. KeyCorp set a $29.00 target price on shares of Antero Resources and gave the company a “buy” rating in a report on Sunday, January 21st. Finally, Cowen set a $22.00 target price on shares of Antero Resources and gave the company a “hold” rating in a report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Antero Resources has a consensus rating of “Hold” and an average target price of $24.13.

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AR stock opened at $20.62 on Tuesday. The company has a market cap of $6,558.38, a PE ratio of 171.83, a PEG ratio of 1.16 and a beta of 0.81. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.09. Antero Resources has a one year low of $16.31 and a one year high of $22.68.

Antero Resources (NYSE:AR) last released its quarterly earnings results on Tuesday, February 13th. The oil and natural gas company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.11. Antero Resources had a net margin of 16.83% and a return on equity of 0.83%. The firm had revenue of $919.84 million for the quarter, compared to analyst estimates of $857.64 million. analysts forecast that Antero Resources will post 0.9 earnings per share for the current year.

In other Antero Resources news, insider K. Phil Yoo sold 2,500 shares of the business’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $20.00, for a total value of $50,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 9.20% of the company’s stock.

Large investors have recently bought and sold shares of the business. BlueCrest Capital Management Ltd acquired a new position in shares of Antero Resources in the fourth quarter worth $3,536,000. EnTrustPermal Partners Offshore LP acquired a new position in shares of Antero Resources in the fourth quarter worth $1,739,000. Schwab Charles Investment Management Inc. grew its stake in shares of Antero Resources by 46.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 851,153 shares of the oil and natural gas company’s stock worth $16,938,000 after acquiring an additional 269,753 shares in the last quarter. Honeywell International Inc. acquired a new position in shares of Antero Resources in the fourth quarter worth $447,000. Finally, Liberty Mutual Group Asset Management Inc. acquired a new position in shares of Antero Resources in the fourth quarter worth $870,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

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About Antero Resources

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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