Antero Resources Corp (AR) is Downgraded by Jefferies to Underperform

Antero Resources Corp (AR) was Downgraded by Jefferies to ” Underperform”. Earlier the firm had a rating of “Hold ” on the company shares. Jefferies advised their investors in a research report released on Aug 15, 2016.

Many Wall Street Analysts have commented on Antero Resources Corp. Robert W. Baird Upgraded Antero Resources Corp on Jul 21, 2016 to ” Outperform”, Price Target of the shares are set at $37.Antero Resources Corp was Upgraded by Jefferies to ” Hold” on Jul 18, 2016. Company shares were Upgraded by Seaport Global Securities on Jul 18, 2016 to ” Buy”, Firm has raised the Price Target to $ 36 from a previous price target of $32 .

On the company’s financial health, Antero Resources Corp reported $0.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.11.Analysts expectations of $ 678.97.During the same quarter in the previous year, the company posted $0.06 EPS.

Antero Resources Corp opened for trading at $27.16 and hit $27.55 on the upside on Friday, eventually ending the session at $27.42, with a gain of 1.78% or 0.48 points. The heightened volatility saw the trading volume jump to 42,01,965 shares. Company has a market cap of $8,423 M.

In a different news, on Aug 12, 2016, Ward D. Mcneilly (officer ) sold 28,037 shares at $27.34 per share price. According to the SEC, on Aug 9, 2016, Glen C Jr Warren (director officer ) sold 1,000,000 shares at $27.57 per share price. On Jun 15, 2016, Kevin J. Kilstrom (Sr. Vice President-Production) sold 10,000 shares at $28.36 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.

Antero Resources Corp

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