Antero Resources (NYSE:AR) Hits New 1-Year Low at $5.20

Shares of Antero Resources Corp (NYSE:AR) hit a new 52-week low during trading on Tuesday . The company traded as low as $5.20 and last traded at $5.22, with a volume of 32672 shares changing hands. The stock had previously closed at $5.30.

A number of brokerages have recently commented on AR. Stifel Nicolaus set a $17.00 target price on shares of Antero Resources and gave the company a “buy” rating in a report on Friday, March 22nd. Macquarie began coverage on shares of Antero Resources in a report on Wednesday, May 29th. They set an “underperform” rating and a $5.50 target price on the stock. Capital One Financial upgraded shares of Antero Resources from an “underweight” rating to an “equal weight” rating in a report on Tuesday, June 18th. Canaccord Genuity dropped their target price on shares of AeroVironment from $86.00 to $80.00 and set an “in-line” rating on the stock in a report on Wednesday, June 26th. Finally, Cowen set a $27.00 target price on shares of Schnitzer Steel Industries and gave the company a “hold” rating in a report on Tuesday, April 9th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company’s stock. Antero Resources currently has a consensus rating of “Hold” and a consensus target price of $14.37.

The firm has a 50-day moving average price of $5.99. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $1.73 billion, a PE ratio of 6.70, a PEG ratio of 0.38 and a beta of 0.74.

Antero Resources (NYSE:AR) last posted its quarterly earnings results on Wednesday, May 1st. The oil and natural gas company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.05). The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Antero Resources had a positive return on equity of 3.70% and a negative net margin of 9.58%. Antero Resources’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 EPS. On average, equities research analysts anticipate that Antero Resources Corp will post 0.73 EPS for the current fiscal year.

In other Antero Resources news, Director James R. Levy sold 16,094,190 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $6.17, for a total value of $99,301,152.30. Following the completion of the transaction, the director now owns 116,214 shares of the company’s stock, valued at approximately $717,040.38. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul M. Rady bought 7,200 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was acquired at an average cost of $6.90 per share, with a total value of $49,680.00. The disclosure for this purchase can be found here. In the last three months, insiders acquired 48,050 shares of company stock valued at $330,062. 9.70% of the stock is owned by insiders.

Large investors have recently modified their holdings of the business. Quadrant Capital Group LLC raised its position in Antero Resources by 3,191.9% in the 1st quarter. Quadrant Capital Group LLC now owns 3,654 shares of the oil and natural gas company’s stock worth $31,000 after buying an additional 3,543 shares during the last quarter. WINTON GROUP Ltd purchased a new position in Antero Resources in the 2nd quarter worth about $65,000. Commonwealth Bank of Australia raised its position in Antero Resources by 1,440.0% in the 1st quarter. Commonwealth Bank of Australia now owns 7,700 shares of the oil and natural gas company’s stock worth $66,000 after buying an additional 7,200 shares during the last quarter. Comerica Bank purchased a new position in Antero Resources in the 1st quarter worth about $87,000. Finally, World Asset Management Inc purchased a new position in Antero Resources in the 1st quarter worth about $96,000. 95.13% of the stock is owned by institutional investors and hedge funds.

Antero Resources Company Profile (NYSE:AR)

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.

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