Antero Resources (AR) Attains New 12-Month Low at $8.79

Antero Resources (AR) Attains New 12-Month Low at $8.79

Antero Resources Corp (NYSE:AR) hit a new 52-week low during trading on Thursday . The stock traded as low as $8.79 and last traded at $8.85, with a volume of 286725 shares trading hands. The stock had previously closed at $9.32.

Several equities research analysts recently commented on AR shares. Zacks Investment Research upgraded shares of Antero Resources from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Monday, November 12th. MKM Partners started coverage on shares of Antero Resources in a research report on Wednesday, December 5th. They issued a “buy” rating and a $17.00 price target for the company. TD Securities reduced their price target on shares of Antero Resources from $24.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, December 19th. TheStreet downgraded shares of Antero Resources from a “c-” rating to a “d+” rating in a research report on Thursday. Finally, Capital One Financial downgraded shares of Antero Resources from an “overweight” rating to an “equal weight” rating in a research report on Thursday, December 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.15.

The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $2.77 billion, a PE ratio of 73.58, a P/E/G ratio of 3.64 and a beta of 1.04.

In other Antero Resources news, Director Robert J. Clark sold 20,429 shares of the stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $12.80, for a total value of $261,491.20. Following the completion of the sale, the director now owns 26,924 shares in the company, valued at approximately $344,627.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 9.40% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Antero Resources by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 20,711,509 shares of the oil and natural gas company’s stock worth $366,802,000 after purchasing an additional 379,572 shares during the last quarter. Vanguard Group Inc increased its stake in shares of Antero Resources by 1.9% during the 3rd quarter. Vanguard Group Inc now owns 20,711,509 shares of the oil and natural gas company’s stock worth $366,802,000 after purchasing an additional 379,572 shares during the last quarter. BlackRock Inc. increased its stake in shares of Antero Resources by 0.7% during the 4th quarter. BlackRock Inc. now owns 13,708,292 shares of the oil and natural gas company’s stock worth $128,721,000 after purchasing an additional 96,956 shares during the last quarter. Sound Shore Management Inc. CT increased its stake in shares of Antero Resources by 9.0% during the 4th quarter. Sound Shore Management Inc. CT now owns 8,456,228 shares of the oil and natural gas company’s stock worth $79,404,000 after purchasing an additional 699,980 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its stake in shares of Antero Resources by 6.4% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 6,013,821 shares of the oil and natural gas company’s stock worth $106,505,000 after purchasing an additional 359,474 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

About Antero Resources (NYSE:AR)

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.

Featured Article: What are the benefits of a balanced fund?

Related posts

Leave a Comment