The stock of Antero Resources Corp (NYSE:AR) is a huge mover today! About 1.73M shares traded hands. Antero Resources Corp (NYSE:AR) has risen 17.24% since March 11, 2016 and is uptrending. It has outperformed by 11.78% the S&P500.
The move comes after 9 months negative chart setup for the $8.64 billion company. It was reported on Oct, 14 by Barchart.com. We have $26.23 PT which if reached, will make NYSE:AR worth $432.00 million less.
Analysts await Antero Resources Corp (NYSE:AR) to report earnings on October, 26. They expect $0.07 EPS, up 800.00% or $0.08 from last year’s $-0.01 per share. AR’s profit will be $21.91M for 98.61 P/E if the $0.07 EPS becomes a reality. After $0.08 actual EPS reported by Antero Resources Corp for the previous quarter, Wall Street now forecasts -12.50% negative EPS growth.
Antero Resources Corp (NYSE:AR) Ratings Coverage
Out of 18 analysts covering Antero Resources (NYSE:AR), 8 rate it a “Buy”, 2 “Sell”, while 8 “Hold”. This means 44% are positive. Antero Resources has been the topic of 54 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by Deutsche Bank with “Hold” on Wednesday, October 14. The rating was maintained by Barclays Capital with “Overweight” on Thursday, July 14. Stephens downgraded it to “Equal Weight” rating and $24 target price in Tuesday, August 4 report. The stock of Antero Resources Corp (NYSE:AR) has “Hold” rating given on Wednesday, December 9 by Deutsche Bank. The firm earned “Hold” rating on Friday, November 6 by Tudor Pickering. The rating was initiated by Morgan Stanley on Thursday, March 24 with “Equal-Weight”. Tudor Pickering upgraded the stock to “Buy” rating in Friday, April 15 report. Citigroup maintained the shares of AR in a report on Monday, September 14 with “Buy” rating. Goldman Sachs initiated the stock with “Buy” rating in Tuesday, November 17 report. The stock of Antero Resources Corp (NYSE:AR) earned “Market Perform” rating by Evercore on Tuesday, July 19.
According to Zacks Investment Research, “Antero Resources Corporation is an independent oil and natural gas company. It is primarily engaged in the exploitation, development and acquisition of unconventional oil and liquids-rich natural gas properties primarily located in the Appalachian Basin in West Virginia, Ohio and Pennsylvania. Antero Resources Corporation is headquartered in Denver, Colorado.”
Insitutional Activity: The institutional sentiment increased to 3.52 in 2016 Q2. Its up 1.73, from 1.79 in 2016Q1. The ratio is positive, as 22 funds sold all Antero Resources Corp shares owned while 40 reduced positions. 86 funds bought stakes while 132 increased positions. They now own 480.27 million shares or 119.82% more from 218.48 million shares in 2016Q1.
Blackrock Advsr Ltd Liability Com holds 0.01% of its portfolio in Antero Resources Corp (NYSE:AR) for 206,391 shares. Bluemountain Management Limited Liability, a New York-based fund reported 19,251 shares. Aqr Management Ltd Liability accumulated 1.98 million shares or 0.09% of the stock. Boyle Capital Mngmt Lc reported 21,393 shares or 0.68% of all its holdings. Acadian Asset Mngmt Ltd Liability last reported 0.01% of its portfolio in the stock. Sg Americas Limited Liability owns 31,754 shares or 0.01% of their US portfolio. Price T Rowe Assocs Md reported 876,797 shares or 0% of all its holdings. Two Creeks Mngmt Ltd Partnership holds 1.28% or 745,000 shares in its portfolio. Royal Retail Bank Of Canada owns 43,021 shares or 0% of their US portfolio. Clinton Gru holds 742,434 shares or 0.85% of its portfolio. Omega reported 280,800 shares or 0.21% of all its holdings. Marshall Wace Ltd Liability Partnership accumulated 37,259 shares or 0.01% of the stock. Columbus Hill Cap Mgmt Lp last reported 0.06% of its portfolio in the stock. Weiss Asset Lp accumulated 0.09% or 20,000 shares. Cibc Asset Inc accumulated 0% or 15,232 shares.
Insider Transactions: Since June 14, 2016, the stock had 0 buys, and 3 selling transactions for $28.43 million net activity. Shares for $766,893 were sold by McNeilly Ward D.. Another trade for 1.00 million shares valued at $27.38 million was sold by Warren Glen C Jr. 10,000 Antero Resources Corp (NYSE:AR) shares with value of $283,586 were sold by Kilstrom Kevin J..
More news for Antero Resources Corp (NYSE:AR) were recently published by: Seekingalpha.com, which released: “Antero Resources: King Of Appalachian E&P Is Undervalued” on September 26, 2016. Twst.com‘s article titled: “Antero Resources Corp.: Antero Resources Announces Third Quarter 2016 Earnings …” and published on October 12, 2016 is yet another important article.
AR Company Profile
Antero Resources Corporation, incorporated on June 20, 2002, is an oil and natural gas company. The Firm is engaged in the exploration, development and acquisition of natural gas, natural gas liquids (NGLs) and oil properties located in the Appalachian Basin. The Company’s divisions include the exploration, development and production of natural gas, NGLs, and oil; gathering and compression; water handling and treatment, and marketing of excess firm transportation capacity. The Firm holds approximately 569,000 net acres of gas and oil properties located in the Appalachian Basin in West Virginia, Ohio and Pennsylvania.
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