Antero Resources Corp (AR) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 33 from a previous price target of $29 . Stifel advised their investors in a research report released on Apr 28, 2016.
Many Wall Street Analysts have commented on Antero Resources Corp. Antero Resources Corp was Upgraded by JP Morgan to ” Neutral” on Apr 15, 2016. Antero Resources Corp was Upgraded by Tudor Pickering to ” Buy” on Apr 15, 2016. Morgan Stanley Initiated Antero Resources Corp on Mar 24, 2016 to “Equal-Weight”, Price Target of the shares are set at $29.
On the company’s financial health, Antero Resources Corp reported $0.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $0.20. The company had revenue of $765.40 million for the quarter, compared to analysts expectations of $685.75 million. The company’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.
Antero Resources Corp opened for trading at $28.83 and hit $29.85 on the upside on Wednesday, eventually ending the session at $29.68, with a gain of 2.84% or 0.82 points. The heightened volatility saw the trading volume jump to 29,89,703 shares. Company has a market cap of $8,223 M.
In a different news, on Mar 16, 2016, K. Phil Yoo (officer ) sold 2,612 shares at $23.54 per share price. According to the SEC, on Mar 8, 2016, Ward D. Mcneilly (Sr VP Reserves, Plan & Midstr) sold 25,000 shares at $23.47 per share price. On Mar 2, 2016, James R. Levy (director) sold 4,902,679 shares at $21.50 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.