Brokerage firm Baird Upgrades its rating on Antero Resources Corp(NYSE:AR). The shares have been rated Outperform. Previously, the analysts had a Neutral rating on the shares. The rating by Baird was issued on Jul 21, 2016.
In a different note, On Jul 14, 2016, Barclays said it Maintains its rating on Antero Resources Corp. In the research note, the firm Lowers the price-target to $29.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jun 14, 2016, Deutsche Bank said it Maintains its rating on Antero Resources Corp. In the research note, the firm Lowers the price-target to $28.00 per share. The shares have been rated ‘Hold’ by the firm.
Antero Resources Corp (AR) shares turned negative on Wednesdays trading session with the shares closing down -0.39 points or -1.45% at a volume of 19,67,963. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $26.93. The peak price level was also seen at $26.93 while the days lowest was $26.22. Finally the shares closed at $26.44. The 52-week high of the shares is $30.66 while the 52-week low is $18.5. According to the latest information available, the market cap of the company is $7,335 M.
Antero Resources Corp(AR) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $721.00M. Analysts had an estimated revenue of $662.85M. Earnings per share were $0.17. Analysts had estimated an EPS of $0.19.
Several Insider Transactions has been reported to the SEC. On Jun 15, 2016, Kevin J. Kilstrom (Sr. Vice President-Production) sold 10,000 shares at $28.36 per share price.Also, On Mar 16, 2016, K. Phil Yoo (officer ) sold 2,612 shares at $23.54 per share price.On Mar 8, 2016, Ward D. Mcneilly (Sr VP Reserves, Plan & Midstr) sold 25,000 shares at $23.47 per share price, according to the Form-4 filing with the securities and exchange commission.
Antero Resources Corporation is engaged in the exploitation development and acquisition of natural gas natural gas liquids (NGLs) and oil properties in the Appalachian Basin in West Virginia Ohio and Pennsylvania. The Company targets large repeatable resource plays where horizontal drilling and advanced fracture stimulation technologies provide the means to develop and produce natural gas NGLs and oil from unconventional formations. The Company has fresh water distribution operations in the Appalachian Basin as well as gathering and compression operations through its consolidated subsidiary Antero Midstream Partners LP. The Company operates in four industry segments: the exploration development and production of natural gas NGLs and oil; gathering and compression; fresh water distribution and marketing of excess firm transportation capacity. All of its operations are conducted in the United States.