Antero Resources Corp (AR) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.14 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.11. Analysts expectations of $678.97 million. During the same quarter in the previous year, the company posted $0.06 EPS.
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 .
Antero Resources Corp opened for trading at $25.62 and hit $26.29 on the upside on Friday, eventually ending the session at $26.19, with a gain of 1.16% or 0.3 points. The heightened volatility saw the trading volume jump to 38,07,733 shares. Company has a market cap of $7,265 M.
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.