Antero Resources (NYSE:AR) Now Covered by Northland Securities

Northland Securities initiated coverage on shares of Antero Resources (NYSE:AR) in a research report sent to investors on Monday, Benzinga reports. The firm issued a market perform rating and a $5.80 target price on the oil and natural gas company’s stock.

AR has been the topic of a number of other research reports. Raymond James reaffirmed a sell rating on shares of Antero Resources in a research note on Friday, August 14th. ValuEngine raised shares of Antero Resources from a hold rating to a buy rating in a research note on Saturday, September 5th. Morgan Stanley raised their target price on shares of Antero Resources from $1.75 to $2.50 and gave the company an underweight rating in a research note on Friday, August 21st. TD Securities raised their target price on shares of Antero Resources from $3.00 to $3.50 and gave the company a hold rating in a research note on Friday, August 28th. Finally, BMO Capital Markets raised their target price on shares of Antero Resources from $3.25 to $3.50 and gave the company an outperform rating in a research note on Friday, August 14th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $3.91.

NYSE:AR opened at $2.91 on Monday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.55. The company has a market cap of $781.48 million, a P/E ratio of -0.39 and a beta of 4.78. Antero Resources has a fifty-two week low of $0.64 and a fifty-two week high of $4.64. The firm’s 50 day moving average is $3.41 and its two-hundred day moving average is $2.58.

Antero Resources (NYSE:AR) last posted its quarterly earnings results on Wednesday, July 29th. The oil and natural gas company reported ($0.37) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.15). The company had revenue of $484.91 million for the quarter, compared to analysts’ expectations of $955.90 million. Antero Resources had a negative return on equity of 4.51% and a negative net margin of 55.84%. The business’s revenue for the quarter was down 62.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.21) EPS. Research analysts forecast that Antero Resources will post -0.91 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Nuveen Asset Management LLC increased its stake in Antero Resources by 792.8% during the 1st quarter. Nuveen Asset Management LLC now owns 4,136,401 shares of the oil and natural gas company’s stock worth $2,949,000 after buying an additional 3,673,109 shares during the period. Oregon Public Employees Retirement Fund acquired a new position in Antero Resources during the 2nd quarter worth $7,595,000. AQR Capital Management LLC grew its holdings in Antero Resources by 22.1% during the 1st quarter. AQR Capital Management LLC now owns 4,824,232 shares of the oil and natural gas company’s stock worth $3,439,000 after acquiring an additional 872,495 shares in the last quarter. Invesco Ltd. grew its holdings in Antero Resources by 141.8% during the 1st quarter. Invesco Ltd. now owns 2,454,399 shares of the oil and natural gas company’s stock worth $1,750,000 after acquiring an additional 1,439,492 shares in the last quarter. Finally, State Street Corp grew its holdings in Antero Resources by 36.7% during the 1st quarter. State Street Corp now owns 24,925,496 shares of the oil and natural gas company’s stock worth $17,769,000 after acquiring an additional 6,691,978 shares in the last quarter. 77.76% of the stock is currently owned by hedge funds and other institutional investors.

Antero Resources Company Profile

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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Analyst Recommendations for Antero Resources (NYSE:AR)

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