Antero Resources Corp (AR) is Upgraded by Seaport Global Securities to Buy, Raises Price Target to $ 36

Antero Resources Corp (AR) was Upgraded by Seaport Global Securities to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 36 from a previous price target of $32 . Earlier the firm had a rating of “Neutral ” on the company shares. Seaport Global Securities advised their investors in a research report released on Jul 18, 2016.

Many Wall Street Analysts have commented on Antero Resources Corp. Antero Resources Corp was Upgraded by Jefferies to ” Hold” on Jul 18, 2016. Company shares were Reiterated by Stifel on Apr 28, 2016 to “Buy”, Firm has raised the Price Target to $ 33 from a previous price target of $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 closed down -0.48 points or -1.79% at $26.37 with 33,44,518 shares getting traded on Friday. Post opening the session at $27.06, the shares hit an intraday low of $25.99 and an intraday high of $27.06 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jun 15, 2016, Kevin J. Kilstrom (Sr. Vice President-Production) sold 10,000 shares at $28.36 per share price. According to the SEC, 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.

Antero Resources Corp

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