Latest Stocks: ValuEngine Downgrades Antero Resources Corp (AR) to Sell

Latest Stocks: ValuEngine Downgrades Antero Resources Corp (AR) to Sell

Antero Resources Corp (NYSE:AR) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

A number of other equities research analysts have also recently issued reports on AR. Credit Suisse Group AG restated a “buy” rating on shares of Antero Resources Corp in a research note on Sunday, February 5th. Scotiabank restated a “buy” rating and issued a $34.00 price objective on shares of Antero Resources Corp in a research note on Monday, February 6th. KLR Group restated a “buy” rating and issued a $35.00 price objective on shares of Antero Resources Corp in a research note on Wednesday, March 1st. Zacks Investment Research upgraded Antero Resources Corp from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective on the stock in a research note on Monday, March 13th. Finally, Guggenheim upgraded Antero Resources Corp from a “neutral” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Thursday, March 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Antero Resources Corp presently has a consensus rating of “Buy” and an average target price of $32.55.

Antero Resources Corp (AR) opened at 19.76 on Friday. Antero Resources Corp has a 1-year low of $19.51 and a 1-year high of $30.50. The company has a 50 day moving average of $21.22 and a 200 day moving average of $23.65. The firm’s market capitalization is $6.23 billion.

Antero Resources Corp (NYSE:AR) last announced its quarterly earnings data on Monday, May 8th. The oil and natural gas company reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.17. The firm had revenue of $801.65 million during the quarter, compared to the consensus estimate of $762.70 million. During the same quarter in the prior year, the firm posted $0.17 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. On average, equities research analysts anticipate that Antero Resources Corp will post $0.53 earnings per share for the current year.

In other Antero Resources Corp news, insider Paul M. Rady acquired 500,000 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was bought at an average price of $21.11 per share, with a total value of $10,555,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 10.80% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its position in shares of Antero Resources Corp by 1.4% in the first quarter. Public Employees Retirement System of Ohio now owns 85,339 shares of the oil and natural gas company’s stock valued at $1,947,000 after buying an additional 1,176 shares during the last quarter. Bank of Nova Scotia acquired a new position in shares of Antero Resources Corp during the first quarter valued at approximately $784,000. Janus Capital Management LLC raised its position in shares of Antero Resources Corp by 3.2% in the first quarter. Janus Capital Management LLC now owns 3,682,437 shares of the oil and natural gas company’s stock valued at $83,990,000 after buying an additional 113,044 shares during the last quarter. Fore Research & Management LP acquired a new position in shares of Antero Resources Corp during the first quarter valued at approximately $456,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of Antero Resources Corp by 268.2% in 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 buying an additional 5,900 shares during the last quarter. 86.83% of the stock is owned by institutional investors. Antero Resources Corp Company Profile

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