Barclays Maintains Antero Resources Corp to Overweight with Price Target $28.00

Brokerage firm Barclays Maintains its rating on Antero Resources Corp(NYSE:AR). In a research note issued to the investors, the brokerage major Lowers the price-target to $28.00 per share. The shares have been rated Overweight. The rating by Barclays was issued on Jul 14, 2016.

In a different note, 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) made into the market gainers list on Mondays trading session with the shares advancing 1.74% or 0.46 points. Due to strong positive momentum, the stock ended at $26.83, which is also near the day’s high of $26.88. The stock began the session at $26.46 and the volume stood at 26,94,213 shares. The 52-week high of the shares is $30.66 and the 52 week low is $18.5. The company has a current market capitalization of $7,443 M and it has 27,74,08,450 shares in outstanding.

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.

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