The Antero Resources Corporation (AR) Sets New 1-Year Low at $17.98

The Antero Resources Corporation (AR) Sets New 1-Year Low at $17.98

Antero Resources Corporation (NYSE:AR) shares reached a new 52-week low on Thursday . The company traded as low as $17.98 and last traded at $17.97, with a volume of 1,184,858 shares changing hands. The stock had previously closed at $18.51.

AR has been the subject of a number of recent analyst reports. BMO Capital Markets set a $24.00 price objective on shares of Antero Resources Corporation and gave the company a “buy” rating in a report on Thursday, August 10th. Scotiabank reissued a “buy” rating and set a $27.00 target price on shares of Antero Resources Corporation in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of Antero Resources Corporation from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Tuesday, July 11th. Citigroup Inc cut 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. Finally, KeyCorp reissued a “buy” rating and set a $33.00 target price on shares of Antero Resources Corporation in a research note on Sunday, September 3rd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $28.42.

The company has a market cap of $5.70 billion, a price-to-earnings ratio of 420.00 and a beta of 0.96. The stock’s 50 day moving average price is $19.99 and its 200-day moving average price is $20.61.

Antero Resources Corporation (NYSE:AR) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The business had revenue of $736.00 million for the quarter, compared to analyst estimates of $778.55 million. Antero Resources Corporation had a net margin of 0.48% and a return on equity of 1.44%. The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the firm earned $0.14 earnings per share. On average, analysts anticipate that Antero Resources Corporation will post $0.39 earnings per share for the current fiscal year.

In other Antero Resources Corporation 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 9.20% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. First Trust Advisors LP lifted its position in Antero Resources Corporation by 15.0% during the third quarter. First Trust Advisors LP now owns 759,338 shares of the oil and natural gas company’s stock valued at $15,111,000 after buying an additional 98,897 shares in the last quarter. Advisors Capital Management LLC lifted its position in Antero Resources Corporation by 9.7% during the third quarter. Advisors Capital Management LLC now owns 79,282 shares of the oil and natural gas company’s stock valued at $1,578,000 after buying an additional 6,981 shares in the last quarter. Sanders Morris Harris LLC acquired a new position in Antero Resources Corporation during the third quarter valued at approximately $1,823,000. Balasa Dinverno & Foltz LLC acquired a new position in Antero Resources Corporation during the third quarter valued at approximately $211,000. Finally, Dynamic Technology Lab Private Ltd lifted its position in Antero Resources Corporation by 3.1% during the second quarter. Dynamic Technology Lab Private Ltd now owns 46,145 shares of the oil and natural gas company’s stock valued at $997,000 after buying an additional 1,368 shares in the last quarter. 93.67% of the stock is currently owned by hedge funds and other institutional investors.

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.

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