The stock of Antero Resources Corp (NYSE:AR) is a huge mover today! About 1.31M shares traded hands. Antero Resources Corp (NYSE:AR) has declined 12.47% since April 28, 2016 and is downtrending. It has underperformed by 18.40% the S&P500.
The move comes after 7 months positive chart setup for the $7.81B company. It was reported on Dec, 1 by Barchart.com. We have $26.70 PT which if reached, will make NYSE:AR worth $468.60M more.
Analysts await Antero Resources Corp (NYSE:AR) to report earnings on February, 22. They expect $0.11 EPS, down 15.38% or $0.02 from last year’s $0.13 per share. AR’s profit will be $34.10M for 57.25 P/E if the $0.11 EPS becomes a reality. After $0.12 actual EPS reported by Antero Resources Corp for the previous quarter, Wall Street now forecasts -8.33% negative EPS growth.
Antero Resources Corp (NYSE:AR) Ratings Coverage
Out of 18 analysts covering Antero Resources (NYSE:AR), 10 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 56% are positive. Antero Resources has been the topic of 56 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Underperform” rating by Jefferies given on Monday, August 15. On Friday, April 15 the stock rating was upgraded by Tudor Pickering to “Buy”. The rating was downgraded by Robert W. Baird on Thursday, March 10 to “Neutral”. The firm has “” rating by Stephens given on Tuesday, February 23. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, April 28. Suntrust Robinson downgraded Antero Resources Corp (NYSE:AR) on Tuesday, February 2 to “Reduce” rating. As per Tuesday, November 17, the company rating was initiated by Goldman Sachs. Citigroup maintained Antero Resources Corp (NYSE:AR) on Monday, September 14 with “Buy” rating. Raymond James maintained Antero Resources Corp (NYSE:AR) on Monday, September 21 with “Outperform” rating. As per Wednesday, December 9, the company rating was initiated by JP Morgan.
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 decreased to 1.44 in Q2 2016. Its down 2.08, from 3.52 in 2016Q1. The ratio turned negative, 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.
Bnp Paribas Arbitrage Sa holds 0% of its portfolio in Antero Resources Corp (NYSE:AR) for 32,546 shares. Moreover, Boyle Management Lc has 0.68% invested in Antero Resources Corp (NYSE:AR) for 21,393 shares. Icon Advisers holds 70,300 shares or 0.12% of its portfolio. Strs Ohio accumulated 66,050 shares or 0.01% of the stock. Knott David M has invested 0% of its portfolio in Antero Resources Corp (NYSE:AR). The Maryland-based Brown Advisory has invested 0% in Antero Resources Corp (NYSE:AR). Blackrock Japan Company accumulated 0.02% or 212,063 shares. Avalon Advsr Lc, a Texas-based fund reported 16,371 shares. Susquehanna Intll Group Ltd Liability Partnership reported 86,884 shares or 0% of all its holdings. Enterprise Fin last reported 189 shares in the company. Invesco Limited has 0% invested in the company for 120,369 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0% or 11,441 shares. Royal Financial Bank Of Canada holds 43,021 shares or 0% of its portfolio. Nomura Asset Mngmt Co Ltd accumulated 17,500 shares or 0.01% of the stock. Moreover, Tci Wealth Advisors Inc has 0% invested in Antero Resources Corp (NYSE:AR) for 47 shares.
Insider Transactions: Since June 14, 2016, the stock had 1 buying transaction, and 4 sales for $34.76 million net activity. 28,037 shares with value of $766,893 were sold by McNeilly Ward D. on Wednesday, August 10. Warren Glen C Jr sold 1.00 million shares worth $27.38 million. Keenan W Howard JR had sold 260,000 shares worth $6.43 million. $104,161 worth of Antero Resources Corp (NYSE:AR) shares were bought by Connor Richard W.. Kilstrom Kevin J. sold 10,000 shares worth $283,586.
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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